Deutsche Bank AG Sells 10,323 Shares of Weis Markets, Inc. $WMK

Key Points

• Deutsche Bank AG decreased its stake in Weis Markets, Inc. by 24.9%, selling 10,323 shares and holding 31,179 shares worth $2,402,000 at the end of the latest quarter.
• Weis Markets reported a net margin of 2.23% and a quarterly revenue of $1.21 billion, with an earnings per share (EPS) of $1.01.
• The company recently declared a quarterly dividend of $0.34 per share, representing an annualized yield of 1.9% and a payout ratio of 33.83%.

Deutsche Bank AG reduced its position in Weis Markets, Inc. (NYSE:WMK - Free Report) by 24.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,179 shares of the company's stock after selling 10,323 shares during the period. Deutsche Bank AG owned 0.12% of Weis Markets worth $2,402,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Sterling Capital Management LLC boosted its holdings in shares of Weis Markets by 826.3% in the 4th quarter. Sterling Capital Management LLC now owns 528 shares of the company's stock valued at $36,000 after buying an additional 471 shares in the last quarter. Fifth Third Bancorp bought a new stake in shares of Weis Markets in the 1st quarter valued at about $58,000. State of Wyoming bought a new stake in shares of Weis Markets in the 4th quarter valued at about $104,000. Exchange Traded Concepts LLC boosted its holdings in shares of Weis Markets by 1,258.8% in the 1st quarter. Exchange Traded Concepts LLC now owns 2,079 shares of the company's stock valued at $160,000 after buying an additional 1,926 shares in the last quarter. Finally, Flagship Harbor Advisors LLC boosted its holdings in shares of Weis Markets by 12.5% in the 1st quarter. Flagship Harbor Advisors LLC now owns 3,404 shares of the company's stock valued at $262,000 after buying an additional 379 shares in the last quarter.

Weis Markets Stock Down 0.1%

WMK stock opened at $71.3640 on Thursday. The firm has a 50 day moving average of $73.87 and a 200 day moving average of $76.10. The stock has a market capitalization of $1.77 billion, a PE ratio of 17.75 and a beta of 0.47. Weis Markets, Inc. has a 52 week low of $62.25 and a 52 week high of $90.23.

Weis Markets (NYSE:WMK - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $1.01 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 during the quarter.

Weis Markets Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 11th. Shareholders of record on Monday, July 28th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Monday, July 28th. This represents a $1.36 dividend on an annualized basis and a yield of 1.9%. Weis Markets's dividend payout ratio (DPR) is currently 33.83%.

Analysts Set New Price Targets

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

About Weis Markets

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.

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