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 position in shares of Weis Markets, Inc. (NYSE:WMK - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 45,631 shares of the company's stock, valued at approximately $3,516,000. Nuveen LLC owned 0.17% of Weis Markets at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vest Financial LLC acquired a new position in shares of Weis Markets in the 1st quarter valued at about $865,000. GAMMA Investing LLC lifted its stake in shares of Weis Markets by 8,730.3% in the 1st quarter. GAMMA Investing LLC now owns 15,718 shares of the company's stock valued at $1,211,000 after purchasing an additional 15,540 shares during the period. SG Americas Securities LLC acquired a new position in shares of Weis Markets in the 1st quarter valued at about $713,000. Vanguard Group Inc. lifted its stake 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 during the period. Finally, Virtu Financial LLC acquired a new position in shares of Weis Markets in the 1st quarter valued at about $341,000.

Weis Markets Stock Performance

Shares of Weis Markets stock traded up $0.54 on Tuesday, hitting $72.19. The company had a trading volume of 111,310 shares, compared to its average volume of 133,564. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of 17.96 and a beta of 0.49. The stock has a 50 day moving average of $73.61 and a 200-day moving average of $76.28. Weis Markets, Inc. has a 1 year low of $62.25 and a 1 year high of $90.23.

Weis Markets (NYSE:WMK - Get Free Report) last released its earnings results 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 business also recently declared a quarterly dividend, which was paid on Monday, August 11th. Stockholders of record on Monday, July 28th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, July 28th. Weis Markets's dividend payout ratio (DPR) is presently 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.