PDT Partners LLC Buys New Holdings in Weis Markets, Inc. $WMK

Key Points

• PDT Partners LLC acquired 21,700 Weis Markets shares during the second quarter, worth approximately $1.7 million and representing about 0.09% of the company.
• Several other institutional investors increased or initiated positions in Weis Markets, including Arrowstreet Capital, which boosted its holdings by more than 2,200%.
• Weis Markets reported quarterly EPS of $0.92 on $1.28 billion in revenue and maintains a quarterly dividend of $0.34, equivalent to a 1.9% yield. The stock carries an average “Buy” rating.

PDT Partners LLC bought a new position in shares of Weis Markets, Inc. (NYSE:WMK - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 21,700 shares of the company's stock, valued at approximately $1,699,000. PDT Partners LLC owned about 0.09% of Weis Markets as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in WMK. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of Weis Markets by 166.4% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 23,946 shares of the company's stock valued at $1,535,000 after acquiring an additional 14,958 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Weis Markets by 2,228.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 171,930 shares of the company's stock worth $11,758,000 after buying an additional 164,546 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of Weis Markets in the 1st quarter worth approximately $2,245,000. First Trust Advisors LP boosted its holdings in Weis Markets by 50.2% in the first quarter. First Trust Advisors LP now owns 66,657 shares of the company's stock worth $4,559,000 after acquiring an additional 22,286 shares in the last quarter. Finally, Martin & Co. Inc. TN purchased a new stake in shares of Weis Markets during the second quarter valued at $2,344,000.

Weis Markets Price Performance

NYSE WMK opened at $70.62 on Thursday. The company has a market cap of $1.75 billion, a P/E ratio of 17.52 and a beta of 0.45. The stock has a 50-day moving average of $76.12 and a two-hundred day moving average of $72.77. Weis Markets, Inc. has a 1-year low of $59.99 and a 1-year high of $83.74.

• Waste Management NYSE: WM Turning Trash Into Cash

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

Weis Markets Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, July 27th were paid a $0.34 dividend. The ex-dividend date was Monday, July 27th. This represents a $1.36 annualized dividend and a dividend yield of 1.9%. Weis Markets's payout ratio is 33.75%.

Wall Street Analysts Forecast Growth

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

Separately, Weiss Ratings raised shares of Weis Markets from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, August 13th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Weis Markets presently has an average rating of "Buy".

Weis Markets Company 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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