SG Americas Securities LLC bought a new position in shares of Weis Markets, Inc. (NYSE:WMK - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 9,249 shares of the company's stock, valued at approximately $713,000.
A number of other hedge funds have also modified their holdings of WMK. Sterling Capital Management LLC grew its stake in Weis Markets by 826.3% during the 4th quarter. Sterling Capital Management LLC now owns 528 shares of the company's stock valued at $36,000 after acquiring an additional 471 shares in the last quarter. State of Wyoming purchased a new stake in shares of Weis Markets in the fourth quarter valued at approximately $104,000. Lee Danner & Bass Inc. purchased a new stake in shares of Weis Markets in the fourth quarter valued at approximately $110,000. PFG Advisors acquired a new stake in shares of Weis Markets in the fourth quarter valued at approximately $219,000. Finally, Versor Investments LP purchased a new position in Weis Markets during the fourth quarter worth approximately $235,000.
Weis Markets Price Performance
Shares of WMK traded down $0.89 during mid-day trading on Tuesday, reaching $74.96. The stock had a trading volume of 109,800 shares, compared to its average volume of 99,906. Weis Markets, Inc. has a 52-week low of $61.58 and a 52-week high of $90.23. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of 18.79 and a beta of 0.47. The business's fifty day moving average is $78.54 and its 200 day moving average is $74.49.
Weis Markets (NYSE:WMK - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.76 earnings per share for the quarter. The company had revenue of $1.20 billion for the quarter. Weis Markets had a net margin of 2.24% and a return on equity of 7.49%.
Weis Markets Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were given a $0.34 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.36 annualized dividend and a yield of 1.81%. Weis Markets's payout ratio is 34.09%.
Analyst Ratings Changes
Separately, Wall Street Zen cut Weis Markets from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 8th.
View Our Latest Stock Analysis on WMK
Weis Markets Company Profile
(
Free Report)
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.
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