Graham Capital Management L.P. Makes New Investment in Weis Markets, Inc. (NYSE:WMK)

Graham Capital Management L.P. acquired a new stake in shares of Weis Markets, Inc. (NYSE:WMK - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,556 shares of the company's stock, valued at approximately $309,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. raised its holdings in Weis Markets by 32.8% during the 4th quarter. Blue Trust Inc. now owns 858 shares of the company's stock valued at $59,000 after buying an additional 212 shares during the last quarter. DGS Capital Management LLC raised its stake in shares of Weis Markets by 7.5% during the fourth quarter. DGS Capital Management LLC now owns 6,608 shares of the company's stock valued at $448,000 after acquiring an additional 460 shares during the last quarter. Sterling Capital Management LLC grew its stake in shares of Weis Markets by 826.3% in the fourth quarter. Sterling Capital Management LLC now owns 528 shares of the company's stock worth $36,000 after purchasing an additional 471 shares during the last quarter. Legal & General Group Plc increased its holdings in Weis Markets by 2.8% during the 4th quarter. Legal & General Group Plc now owns 17,451 shares of the company's stock valued at $1,182,000 after purchasing an additional 482 shares during the period. Finally, MetLife Investment Management LLC raised its position in Weis Markets by 6.1% during the 4th quarter. MetLife Investment Management LLC now owns 9,957 shares of the company's stock valued at $674,000 after purchasing an additional 574 shares during the last quarter.

Weis Markets Trading Down 1.3%

NYSE:WMK opened at $75.89 on Friday. The company has a 50-day moving average price of $80.33 and a 200-day moving average price of $73.82. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 21.32 and a beta of 0.55. Weis Markets, Inc. has a 12 month low of $60.93 and a 12 month high of $90.23.

Weis Markets (NYSE:WMK - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.76 EPS for the quarter. The business had revenue of $1.20 billion during the quarter. Weis Markets had a net margin of 2.01% and a return on equity of 6.85%.

Weis Markets Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 12th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.36 annualized dividend and a dividend yield of 1.79%. Weis Markets's dividend payout ratio is presently 34.09%.

Analyst Ratings Changes

Separately, StockNews.com lowered Weis Markets from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 8th.

Weis Markets Company Profile

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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