Nuveen LLC Invests $3.52 Million in Weis Markets, Inc. $WMK

Key Points

• Nuveen LLC acquired a new stake in Weis Markets, Inc. (NYSE: WMK) worth approximately $3.52 million during the first quarter, holding about 0.17% of the company.
• Weis Markets reported a net margin of 2.23% and a return on equity of 7.60% in its latest quarterly earnings, with revenues of $1.21 billion.
• The company announced a quarterly dividend of $0.34, representing an annualized yield of 1.8% and a payout ratio of 33.83%.

Nuveen LLC bought a new stake in Weis Markets, Inc. (NYSE:WMK - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 45,631 shares of the company's stock, valued at approximately $3,516,000. Nuveen LLC owned approximately 0.17% of Weis Markets as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of WMK. Fifth Third Bancorp bought a new stake in Weis Markets in the 1st quarter valued at approximately $58,000. State of Wyoming acquired a new position in Weis Markets during the fourth quarter valued at approximately $104,000. Exchange Traded Concepts LLC grew its stake in Weis Markets by 1,258.8% in the first quarter. Exchange Traded Concepts LLC now owns 2,079 shares of the company's stock valued at $160,000 after purchasing an additional 1,926 shares in the last quarter. Flagship Harbor Advisors LLC grew its stake in Weis Markets by 12.5% in the first quarter. Flagship Harbor Advisors LLC now owns 3,404 shares of the company's stock valued at $262,000 after purchasing an additional 379 shares in the last quarter. Finally, Graham Capital Management L.P. bought a new position in Weis Markets in the fourth quarter valued at approximately $309,000.

Weis Markets Price Performance

WMK stock traded down $1.68 during mid-day trading on Monday, reaching $71.59. The company had a trading volume of 164,696 shares, compared to its average volume of 139,230. The stock has a 50 day simple moving average of $73.76 and a two-hundred day simple moving average of $76.31. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of 17.81 and a beta of 0.49. Weis Markets, Inc. has a 52 week low of $62.25 and a 52 week high of $90.23.

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

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 paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Monday, July 28th. Weis Markets's payout ratio is currently 33.83%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded Weis Markets from a "strong-buy" rating to a "buy" rating in a research note 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.