Charles Schwab Investment Management Inc. Has $32.71 Million Stock Holdings in Weis Markets, Inc. $WMK

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Weis Markets, Inc. by 1.0%, holding 424,476 shares valued at approximately $32.71 million as of the latest reporting period.
• Weis Markets recently faced a downgrade from a "strong-buy" to a "buy" rating by Wall Street Zen, indicating a shift in analyst sentiment.
• The company reported $1.01 EPS and revenues of $1.21 billion for its latest quarter, with a dividend yield of 1.9%.

Charles Schwab Investment Management Inc. boosted its holdings in shares of Weis Markets, Inc. (NYSE:WMK - Free Report) by 1.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 424,476 shares of the company's stock after acquiring an additional 4,200 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.58% of Weis Markets worth $32,706,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Weis Markets by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 1,863,084 shares of the company's stock worth $143,551,000 after acquiring an additional 20,202 shares during the last quarter. Northern Trust Corp lifted its position in shares of Weis Markets by 9.1% in the 4th quarter. Northern Trust Corp now owns 166,968 shares of the company's stock worth $11,307,000 after purchasing an additional 13,887 shares during the period. Allianz Asset Management GmbH lifted its position in shares of Weis Markets by 7.8% in the 1st quarter. Allianz Asset Management GmbH now owns 152,837 shares of the company's stock worth $11,776,000 after purchasing an additional 11,017 shares during the period. Bridgeway Capital Management LLC lifted its position in shares of Weis Markets by 259.4% in the 4th quarter. Bridgeway Capital Management LLC now owns 72,233 shares of the company's stock worth $4,892,000 after purchasing an additional 52,134 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of Weis Markets by 62.5% in the 4th quarter. JPMorgan Chase & Co. now owns 54,952 shares of the company's stock worth $3,721,000 after purchasing an additional 21,144 shares during the period.

Weis Markets Price Performance

Shares of Weis Markets stock traded up $1.9620 during trading on Friday, reaching $73.6320. 165,360 shares of the company traded hands, compared to its average volume of 130,724. Weis Markets, Inc. has a 1-year low of $62.25 and a 1-year high of $90.23. The company has a 50 day moving average price of $73.82 and a 200-day moving average price of $76.20. The firm has a market capitalization of $1.82 billion, a PE ratio of 18.32 and a beta of 0.47.

Weis Markets (NYSE:WMK - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $1.01 earnings per share (EPS) for the quarter. Weis Markets had a net margin of 2.23% and a return on equity of 7.60%. The company had revenue of $1.21 billion for the quarter.

Weis Markets Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 11th. Shareholders of record on Monday, July 28th were issued a dividend of $0.34 per share. The ex-dividend date was Monday, July 28th. This represents a $1.36 annualized dividend and a yield of 1.8%. Weis Markets's dividend payout ratio is presently 33.83%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of Weis Markets from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 8th.

Weis Markets Company Profile

Weis Markets, Inc engages in the retail sale of food through a chain of supermarkets in Pennsylvania and surrounding states. The company's retail food stores sell groceries, dairy products, frozen foods, meats, seafood, fresh produce, floral, pharmacy services, deli products, prepared foods, bakery products, beer and wine, and fuel; and general merchandise items, such as health and beauty care, and household products.