Connor Clark & Lunn Investment Management Ltd. Acquires Shares of 17,814 Weis Markets, Inc. $WMK

Key Points

• Connor Clark & Lunn Investment Management acquired 17,814 Weis Markets shares worth approximately $1.395 million, representing about 0.07% of the company.
• Several institutional investors increased or initiated positions in Weis Markets during the second quarter, while Weiss Ratings upgraded the stock to “buy (b).” MarketBeat reports an overall average rating of “Buy.”
• Weis Markets reported quarterly EPS of $0.92 on $1.28 billion in revenue and announced a $0.34 quarterly dividend, equivalent to a $1.36 annualized payout and a 1.9% yield.

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Weis Markets, Inc. (NYSE:WMK - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 17,814 shares of the company's stock, valued at approximately $1,395,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.07% of Weis Markets at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its stake in Weis Markets by 107.0% during the second quarter. EverSource Wealth Advisors LLC now owns 356 shares of the company's stock valued at $26,000 after buying an additional 184 shares in the last quarter. Versant Capital Management Inc grew its position in shares of Weis Markets by 788.6% in the 2nd quarter. Versant Capital Management Inc now owns 391 shares of the company's stock worth $31,000 after acquiring an additional 347 shares in the last quarter. Torren Management LLC bought a new stake in shares of Weis Markets in the 4th quarter valued at approximately $26,000. GAMMA Investing LLC increased its holdings in shares of Weis Markets by 45.9% in the 2nd quarter. GAMMA Investing LLC now owns 461 shares of the company's stock valued at $36,000 after acquiring an additional 145 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Weis Markets during the 2nd quarter valued at approximately $55,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Weis Markets from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of "Buy".

• Waste Management NYSE: WM Turning Trash Into Cash

Weis Markets Stock Up 1.0%

Shares of NYSE WMK opened at $71.19 on Friday. The firm's 50-day moving average price is $75.88 and its two-hundred day moving average price is $72.74. Weis Markets, Inc. has a 52-week low of $59.99 and a 52-week high of $83.74. The stock has a market capitalization of $1.76 billion, a P/E ratio of 17.67 and a beta of 0.45.

• Put Weis Markets NYSE: WMK Stock on Your Shopping List at These Levels

Weis Markets (NYSE:WMK - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $0.92 EPS for the quarter. The company had revenue of $1.28 billion during the quarter. Weis Markets had a return on equity of 7.40% and a net margin of 1.99%.

Weis Markets Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, July 27th were given a $0.34 dividend. The ex-dividend date of this dividend was Monday, July 27th. This represents a $1.36 annualized dividend and a yield of 1.9%. Weis Markets's dividend payout ratio (DPR) is currently 33.75%.

Weis Markets Profile

Weis Markets, Inc NYSE: WMK is a regional supermarket chain headquartered in Sunbury, Pennsylvania, operating more than 200 stores across the Mid-Atlantic and Eastern Seaboard. Founded in 1912 by Harry and Sigmund Weis as a small produce and egg business, the company has grown into a full-service grocer serving Pennsylvania, Maryland, New York, New Jersey, Delaware, Virginia, West Virginia and Ohio. Weis Markets offers a broad selection of products including fresh produce, bakery, deli, dairy, meat and seafood, alongside grocery, general merchandise and prepared foods.

In addition to traditional grocery offerings, Weis Markets provides pharmacy services in many of its locations, as well as in-store fuel centers at select sites.

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