OMERS ADMINISTRATION Corp Invests $331,000 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 acquired a new position in shares of Weis Markets, Inc. (NYSE:WMK - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,300 shares of the company's stock, valued at approximately $331,000.

Several other institutional investors and hedge funds also recently bought and sold shares of WMK. Brandywine Global Investment Management LLC purchased a new stake in shares of Weis Markets during the 1st quarter valued at approximately $7,255,000. Bridgeway Capital Management LLC increased its position in shares of Weis Markets by 259.4% during the fourth quarter. Bridgeway Capital Management LLC now owns 72,233 shares of the company's stock worth $4,892,000 after acquiring an additional 52,134 shares during the period. American Century Companies Inc. increased its position in shares of Weis Markets by 10.6% during the first quarter. American Century Companies Inc. now owns 536,851 shares of the company's stock worth $41,364,000 after acquiring an additional 51,564 shares during the period. Nuveen LLC purchased a new stake in shares of Weis Markets during the first quarter worth $3,516,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Weis Markets during the first quarter worth $2,562,000.

Weis Markets Stock Performance

Shares of Weis Markets stock traded down $0.66 during trading hours on Tuesday, reaching $70.39. 17,792 shares of the company were exchanged, compared to its average volume of 122,081. Weis Markets, Inc. has a 1 year low of $62.25 and a 1 year high of $90.23. The firm has a market cap of $1.74 billion, a PE ratio of 17.53 and a beta of 0.49. The stock's fifty day moving average is $73.57 and its 200 day moving average is $76.34.

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 return on equity of 7.60% and a net margin of 2.23%.The company had revenue of $1.21 billion for the quarter.

Weis Markets Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 11th. Shareholders of record on Monday, July 28th were paid a $0.34 dividend. The ex-dividend date was Monday, July 28th. This represents a $1.36 dividend on an annualized basis and a yield of 1.9%. Weis Markets's dividend payout ratio (DPR) is currently 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.