Weis Markets, Inc. $WMK Shares Sold by Invesco Ltd.

Key Points

• Invesco Ltd. has reduced its stake in Weis Markets by 13.1%, owning 86,285 shares worth approximately $6.65 million following the sale of 13,032 shares.
• Several other institutional investors have also modified their holdings, with Vest Financial LLC and GAMMA Investing LLC making significant new purchases in the first quarter.
• Weis Markets recently reported quarterly earnings of $1.01 EPS and declared a quarterly dividend of $0.34, resulting in a yield of 1.9%.

Invesco Ltd. cut its position in Weis Markets, Inc. (NYSE:WMK - Free Report) by 13.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,285 shares of the company's stock after selling 13,032 shares during the quarter. Invesco Ltd. owned 0.32% of Weis Markets worth $6,648,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Weis Markets by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 1,863,084 shares of the company's stock valued at $143,551,000 after purchasing an additional 20,202 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Weis Markets by 1.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 424,476 shares of the company's stock valued at $32,706,000 after buying an additional 4,200 shares during the last quarter. Northern Trust Corp raised its stake in Weis Markets by 9.1% in the fourth quarter. Northern Trust Corp now owns 166,968 shares of the company's stock valued at $11,307,000 after buying an additional 13,887 shares in the last quarter. Allianz Asset Management GmbH raised its stake in Weis Markets by 7.8% in the first quarter. Allianz Asset Management GmbH now owns 152,837 shares of the company's stock valued at $11,776,000 after buying an additional 11,017 shares in the last quarter. Finally, Bridgeway Capital Management LLC lifted its holdings in Weis Markets by 259.4% during the 4th quarter. Bridgeway Capital Management LLC now owns 72,233 shares of the company's stock worth $4,892,000 after buying an additional 52,134 shares during the last quarter.

Analyst Ratings Changes

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

Weis Markets Price Performance

Shares of WMK traded down $1.68 during midday trading on Monday, reaching $71.59. 164,696 shares of the stock were exchanged, compared to its average volume of 139,230. Weis Markets, Inc. has a twelve month low of $62.25 and a twelve month high of $90.23. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of 17.81 and a beta of 0.49. The business's 50-day moving average price is $73.67 and its 200 day moving average price is $76.31.

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

Weis Markets Dividend Announcement

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

Weis Markets 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.