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. lowered its holdings in shares of Weis Markets, Inc. (NYSE:WMK - Free Report) by 13.1% during the first quarter, according to its most recent disclosure 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 approximately 0.32% of Weis Markets worth $6,648,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its position in shares of 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 acquiring an additional 4,200 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Weis Markets by 1.1% in the first quarter. Vanguard Group Inc. now owns 1,863,084 shares of the company's stock valued at $143,551,000 after acquiring an additional 20,202 shares in the last quarter. Jefferies Financial Group Inc. purchased a new position in shares of Weis Markets in the first quarter valued at approximately $1,096,000. XTX Topco Ltd purchased a new position in shares of Weis Markets in the first quarter valued at approximately $611,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Weis Markets in the first quarter valued at approximately $2,562,000.

Weis Markets Price Performance

Shares of NYSE:WMK traded down $1.68 during midday trading on Monday, hitting $71.59. The company had a trading volume of 164,696 shares, 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 stock has a market cap of $1.77 billion, a price-to-earnings ratio of 17.81 and a beta of 0.49. The business's 50-day simple moving average is $73.76 and its 200-day simple moving average is $76.31.

Weis Markets (NYSE:WMK - Get Free Report) last posted its 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 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. Shareholders of record on Monday, July 28th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Monday, July 28th. This represents a $1.36 annualized dividend and a yield of 1.9%. Weis Markets's dividend payout ratio (DPR) is 33.83%.

Wall Street Analysts Forecast Growth

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

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.