OMERS ADMINISTRATION Corp Buys New Shares in Weis Markets, Inc. $WMK

Key Points

• OMERS ADMINISTRATION Corp has acquired a new stake of 4,300 shares in Weis Markets, Inc., valued at approximately $331,000, highlighting increased institutional interest in the company.
• Weis Markets recently reported quarterly earnings of $1.01 per share and an annualized dividend of $1.36, with a dividend yield of 1.9%.
• Wall Street analysts downgraded Weis Markets' stock rating from a "strong-buy" to a "buy", indicating a more cautious outlook on the stock's performance.

OMERS ADMINISTRATION Corp purchased a new stake in shares of Weis Markets, Inc. (NYSE:WMK - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,300 shares of the company's stock, valued at approximately $331,000.

Several other large investors have also recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Weis Markets by 1.1% during 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 during the last quarter. American Century Companies Inc. lifted its holdings in Weis Markets by 10.6% in the first quarter. American Century Companies Inc. now owns 536,851 shares of the company's stock valued at $41,364,000 after buying an additional 51,564 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Weis Markets by 1.0% during 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 during the last quarter. Northern Trust Corp grew its holdings in Weis Markets by 9.1% during the 4th quarter. Northern Trust Corp now owns 166,968 shares of the company's stock worth $11,307,000 after acquiring an additional 13,887 shares during the period. Finally, Allianz Asset Management GmbH raised its position in shares of Weis Markets by 7.8% in the 1st quarter. Allianz Asset Management GmbH now owns 152,837 shares of the company's stock worth $11,776,000 after acquiring an additional 11,017 shares in the last quarter.

Weis Markets Stock Performance

Shares of WMK stock traded up $0.75 during mid-day trading on Friday, hitting $72.98. The company's stock had a trading volume of 98,185 shares, compared to its average volume of 123,488. The company's fifty day simple moving average is $73.61 and its 200-day simple moving average is $76.31. Weis Markets, Inc. has a 52 week low of $62.25 and a 52 week high of $90.23. The company has a market cap of $1.81 billion, a PE ratio of 18.16 and a beta of 0.49.

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

Weis Markets Announces Dividend

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 of this dividend was Monday, July 28th. This represents a $1.36 annualized dividend and a dividend yield of 1.9%. Weis Markets's payout ratio is presently 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.