Empowered Funds LLC Acquires 22,556 Shares of 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 increased its stake in shares of Weis Markets, Inc. (NYSE:WMK - Free Report) by 32.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 91,865 shares of the company's stock after buying an additional 22,556 shares during the period. Empowered Funds LLC owned 0.34% of Weis Markets worth $7,078,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WMK. Fifth Third Bancorp acquired a new position in Weis Markets during the 1st quarter worth about $58,000. State of Wyoming acquired a new position in Weis Markets during the 4th quarter worth about $104,000. Exchange Traded Concepts LLC lifted its position in 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 in the last quarter. Flagship Harbor Advisors LLC lifted its position in 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 in the last quarter. Finally, Graham Capital Management L.P. acquired a new position in Weis Markets during the 4th quarter worth about $309,000.

Weis Markets Stock Performance

Weis Markets stock traded up $0.89 during trading hours on Tuesday, reaching $71.25. 38,104 shares of the company's stock traded hands, compared to its average volume of 122,426. Weis Markets, Inc. has a fifty-two week low of $62.25 and a fifty-two week high of $90.23. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 17.73 and a beta of 0.49. The firm's 50 day moving average is $73.09 and its 200-day moving average is $76.24.

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 Dividend Announcement

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