Deutsche Bank AG Has $2.40 Million Stock Holdings in 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 shares of Weis Markets, Inc. (NYSE:WMK - Free Report) by 24.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 reporting period.

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

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 report on Thursday, May 8th.

Weis Markets Stock Down 0.4%

Weis Markets stock traded down $0.32 during mid-day trading on Tuesday, reaching $73.31. The company had a trading volume of 173,908 shares, compared to its average volume of 133,657. Weis Markets, Inc. has a 52 week low of $62.25 and a 52 week high of $90.23. The company has a 50 day moving average of $73.79 and a 200-day moving average of $76.25. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of 18.24 and a beta of 0.47.

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

Weis Markets Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 11th. Shareholders of record on Monday, July 28th were issued a $0.34 dividend. 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 is 33.83%.

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.