Universal Beteiligungs und Servicegesellschaft mbH Purchases New Shares in Weis Markets, Inc. (NYSE:WMK)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired 33,255 shares of Weis Markets, Inc., valued at approximately $2,562,000, representing a 0.12% ownership stake as of the end of the most recent quarter.
• Weis Markets announced a quarterly dividend of $0.34 to be paid on August 11th, contributing to a 1.85% dividend yield.
• Wall Street Zen downgraded Weis Markets from a "strong-buy" to a "buy" rating on May 8th, indicating a shift in market sentiment.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Weis Markets, Inc. (NYSE:WMK - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 33,255 shares of the company's stock, valued at approximately $2,562,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.12% of Weis Markets as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Sterling Capital Management LLC raised its position in Weis Markets by 826.3% during the fourth quarter. Sterling Capital Management LLC now owns 528 shares of the company's stock valued at $36,000 after purchasing an additional 471 shares during the period. Fifth Third Bancorp purchased a new stake in Weis Markets during the first quarter valued at approximately $58,000. State of Wyoming bought a new position in shares of Weis Markets during the fourth quarter valued at approximately $104,000. Exchange Traded Concepts LLC grew its stake in shares of Weis Markets by 1,258.8% during the first quarter. Exchange Traded Concepts LLC now owns 2,079 shares of the company's stock valued at $160,000 after buying an additional 1,926 shares during the last quarter. Finally, Flagship Harbor Advisors LLC grew its stake in shares of Weis Markets by 12.5% during the first quarter. Flagship Harbor Advisors LLC now owns 3,404 shares of the company's stock valued at $262,000 after buying an additional 379 shares during the last quarter.

Weis Markets Stock Performance

NYSE WMK traded up $0.09 during mid-day trading on Friday, reaching $72.50. 112,204 shares of the stock were exchanged, compared to its average volume of 101,928. Weis Markets, Inc. has a 1-year low of $62.25 and a 1-year high of $90.23. The business's fifty day simple moving average is $74.98 and its 200 day simple moving average is $75.70. The stock has a market capitalization of $1.95 billion, a PE ratio of 18.17 and a beta of 0.47.

Weis Markets (NYSE:WMK - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.76 earnings per share (EPS) for the quarter. The firm 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 11th. Shareholders of record on Monday, July 28th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Monday, July 28th. Weis Markets's payout ratio is currently 34.09%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Weis Markets from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 8th.

Weis Markets Company 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.