Squarepoint Ops LLC Invests $1.36 Million in Weis Markets, Inc. $WMK

Key Points

• Squarepoint Ops LLC acquired 17,432 shares of Weis Markets in the second quarter, valued at approximately $1.36 million and representing about 0.07% of the company.
• Weis Markets shares were trading at $73.36, up 1.8%, with a market capitalization of $1.82 billion. The company reported quarterly revenue of $1.28 billion and earnings of $0.92 per share.
• The company paid a quarterly dividend of $0.34 per share, equal to a $1.36 annualized dividend and a 1.9% yield. MarketBeat reports an average analyst rating of “Buy,” although Weiss Ratings recently downgraded the stock slightly.

Squarepoint Ops LLC acquired a new position in shares of Weis Markets, Inc. (NYSE:WMK - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 17,432 shares of the company's stock, valued at approximately $1,365,000. Squarepoint Ops LLC owned approximately 0.07% of Weis Markets as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc boosted its position in Weis Markets by 788.6% during the 2nd quarter. Versant Capital Management Inc now owns 391 shares of the company's stock worth $31,000 after acquiring an additional 347 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Weis Markets by 45.9% in the second quarter. GAMMA Investing LLC now owns 461 shares of the company's stock valued at $36,000 after purchasing an additional 145 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of Weis Markets by 78.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 772 shares of the company's stock worth $49,000 after purchasing an additional 340 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Weis Markets in the second quarter worth $83,000. Finally, State of Wyoming acquired a new position in Weis Markets during the second quarter worth $230,000.

Weis Markets Trading Up 1.8%

NYSE:WMK opened at $73.36 on Thursday. Weis Markets, Inc. has a 1-year low of $59.99 and a 1-year high of $83.74. The firm has a fifty day simple moving average of $73.79 and a 200 day simple moving average of $72.64. The stock has a market capitalization of $1.82 billion, a PE ratio of 18.20 and a beta of 0.43.

• Waste Management NYSE: WM Turning Trash Into Cash

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

Weis Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Monday, July 27th were paid a dividend of $0.34 per share. 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 currently 33.75%.

Analyst Ratings Changes

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

Separately, Weiss Ratings downgraded shares of Weis Markets from a "buy (b)" rating to a "buy (b-)" rating in a research report on Monday, August 31st. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Weis Markets currently has an average rating of "Buy".

About Weis Markets

Weis Markets, Inc is a food retailer that operates supermarkets under the Weis Markets name. The company sells a broad selection of grocery products, including fresh produce, meat and seafood, dairy items, bakery goods, prepared foods, packaged foods, beverages and household products. Many locations also offer pharmacies, fuel stations and other convenience services.

Founded in 1912 by brothers Harry and Sigmund Weis in Sunbury, Pennsylvania, the company has grown from a regional grocery business into a supermarket operator serving communities primarily in Pennsylvania, Maryland, Delaware, New Jersey, West Virginia and Virginia.

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