Tudor Investment Corp ET AL Takes $7.12 Million Position in Weis Markets, Inc. $WMK

Key Points

• Tudor Investment Corp ET AL bought a new stake of 99,101 shares in Weis Markets during Q3, valued at about $7.12 million and representing roughly 0.40% of the company.
• Weis Markets last reported quarterly results of $1.14 EPS on $1.30 billion in revenue, with a net margin of 1.96% and a return on equity of 7.09%.
• The company declared a quarterly dividend of $0.34 per share (annualized $1.36), implying a ~2.0% yield and a payout ratio of 36.27%.

Tudor Investment Corp ET AL purchased a new stake in shares of Weis Markets, Inc. (NYSE:WMK - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 99,101 shares of the company's stock, valued at approximately $7,122,000. Tudor Investment Corp ET AL owned about 0.40% of Weis Markets at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its stake in Weis Markets by 107.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 356 shares of the company's stock valued at $26,000 after purchasing an additional 184 shares during the last quarter. Martin & Co. Inc. TN grew its stake in shares of Weis Markets by 0.7% during the third quarter. Martin & Co. Inc. TN now owns 28,686 shares of the company's stock worth $2,062,000 after buying an additional 204 shares during the last quarter. Osaic Holdings Inc. grew its stake in shares of Weis Markets by 16.4% during the second quarter. Osaic Holdings Inc. now owns 1,591 shares of the company's stock worth $115,000 after buying an additional 224 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Weis Markets by 4.0% during the second quarter. PNC Financial Services Group Inc. now owns 6,555 shares of the company's stock worth $475,000 after buying an additional 250 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its holdings in shares of Weis Markets by 4.3% during the second quarter. CANADA LIFE ASSURANCE Co now owns 6,876 shares of the company's stock worth $500,000 after buying an additional 284 shares in the last quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a "hold (c)" rating on shares of Weis Markets in a report on Tuesday, January 27th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of "Hold".

Weis Markets Trading Up 1.6%

NYSE:WMK opened at $67.29 on Tuesday. The stock's 50-day moving average is $69.12 and its 200-day moving average is $68.03. Weis Markets, Inc. has a 1-year low of $59.99 and a 1-year high of $90.23. The stock has a market cap of $1.67 billion, a P/E ratio of 17.94 and a beta of 0.46.

Weis Markets (NYSE:WMK - Get Free Report) last posted its earnings results on Thursday, March 12th. The company reported $1.14 EPS for the quarter. Weis Markets had a net margin of 1.96% and a return on equity of 7.09%. The business had revenue of $1.30 billion for the quarter.

Weis Markets Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Tuesday, February 17th. Weis Markets's payout ratio is 36.27%.

About Weis Markets

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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