Martin & Co. Inc. TN Purchases Shares of 29,928 Weis Markets, Inc. $WMK

Key Points

• Martin & Co. Inc. TN acquired 29,928 Weis Markets shares during the second quarter, valued at approximately $2.34 million and representing about 0.12% of the company.
• Weiss Ratings upgraded Weis Markets from “buy (b-)” to “buy (b),” while the stock retains a consensus “Buy” rating from analysts.
• Weis Markets reported quarterly earnings of $0.92 per share on $1.28 billion in revenue and paid a $0.34 quarterly dividend, equal to a 1.9% yield.

Martin & Co. Inc. TN acquired a new position in shares of Weis Markets, Inc. (NYSE:WMK - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 29,928 shares of the company's stock, valued at approximately $2,344,000. Martin & Co. Inc. TN owned about 0.12% of Weis Markets at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Torren Management LLC bought a new stake in Weis Markets during the fourth quarter worth $26,000. EverSource Wealth Advisors LLC raised its position in Weis Markets by 107.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 356 shares of the company's stock valued at $26,000 after buying an additional 184 shares during the last quarter. Versant Capital Management Inc lifted its stake in Weis Markets by 788.6% during the 2nd quarter. Versant Capital Management Inc now owns 391 shares of the company's stock valued at $31,000 after acquiring an additional 347 shares in the last quarter. GAMMA Investing LLC lifted its stake in Weis Markets by 45.9% during the 2nd quarter. GAMMA Investing LLC now owns 461 shares of the company's stock valued at $36,000 after acquiring an additional 145 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its stake in Weis Markets by 78.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 772 shares of the company's stock valued at $49,000 after acquiring an additional 340 shares in the last quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Weis Markets from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy".

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Weis Markets Stock Performance

NYSE WMK opened at $70.96 on Friday. Weis Markets, Inc. has a 52-week low of $59.99 and a 52-week high of $83.74. The company has a 50-day simple moving average of $76.57 and a 200 day simple moving average of $72.82. The company has a market capitalization of $1.76 billion, a PE ratio of 17.61 and a beta of 0.45.

• Put Weis Markets NYSE: WMK Stock on Your Shopping List at These Levels

Weis Markets (NYSE:WMK - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $0.92 earnings per share for the quarter. Weis Markets had a net margin of 1.99% and a return on equity of 7.40%. The firm had revenue of $1.28 billion for the quarter.

Weis Markets Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Monday, July 27th were issued a $0.34 dividend. The ex-dividend date of this dividend was Monday, July 27th. This represents a $1.36 annualized dividend and a yield of 1.9%. Weis Markets's dividend payout ratio (DPR) is 33.75%.

Weis Markets Profile

Weis Markets, Inc NYSE: WMK is a regional supermarket chain headquartered in Sunbury, Pennsylvania, operating more than 200 stores across the Mid-Atlantic and Eastern Seaboard. Founded in 1912 by Harry and Sigmund Weis as a small produce and egg business, the company has grown into a full-service grocer serving Pennsylvania, Maryland, New York, New Jersey, Delaware, Virginia, West Virginia and Ohio. Weis Markets offers a broad selection of products including fresh produce, bakery, deli, dairy, meat and seafood, alongside grocery, general merchandise and prepared foods.

In addition to traditional grocery offerings, Weis Markets provides pharmacy services in many of its locations, as well as in-store fuel centers at select sites.

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