Empowered Funds LLC Increases Stock Position in Weis Markets, Inc. $WMK

Key Points

• Empowered Funds LLC increased its stake in Weis Markets, Inc. by 32.5%, owning about 0.34% of the company, valued at approximately $7,078,000 after acquiring an additional 22,556 shares in Q1.
• Weis Markets, Inc. reported $1.01 earnings per share and revenue of $1.21 billion for its latest quarter, with a net margin of 2.23%.
• The company announced a quarterly dividend of $0.34, resulting in an annualized dividend yield of 1.9% for shareholders.

Empowered Funds LLC grew its holdings in Weis Markets, Inc. (NYSE:WMK - Free Report) by 32.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,865 shares of the company's stock after purchasing an additional 22,556 shares during the quarter. Empowered Funds LLC owned approximately 0.34% of Weis Markets worth $7,078,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of WMK. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Weis Markets by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,775 shares of the company's stock valued at $753,000 after buying an additional 405 shares during the last quarter. Bridgeway Capital Management LLC lifted its position in shares of Weis Markets by 31.2% in the first quarter. Bridgeway Capital Management LLC now owns 94,789 shares of the company's stock valued at $7,303,000 after acquiring an additional 22,556 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Weis Markets by 9.2% in the first quarter. AQR Capital Management LLC now owns 14,798 shares of the company's stock valued at $1,140,000 after acquiring an additional 1,242 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Weis Markets by 17.5% during the first quarter. Royal Bank of Canada now owns 8,120 shares of the company's stock valued at $626,000 after acquiring an additional 1,212 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new stake in Weis Markets during the 1st quarter worth about $331,000.

Weis Markets Trading Down 1.8%

Shares of WMK stock opened at $69.88 on Thursday. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 17.38 and a beta of 0.49. The firm has a 50-day moving average price of $73.38 and a 200 day moving average price of $76.26. Weis Markets, Inc. has a twelve month low of $62.25 and a twelve month high of $90.23.

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

Weis Markets Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 11th. Shareholders of record on Monday, July 28th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Monday, July 28th. Weis Markets's payout ratio is presently 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.

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