Universal Beteiligungs und Servicegesellschaft mbH Takes Position 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 purchased a new stake in shares of Weis Markets, Inc. (NYSE:WMK - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 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 hedge funds also recently made changes to their positions in the company. Sterling Capital Management LLC boosted its position in shares of 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 in the last quarter. Fifth Third Bancorp purchased a new position in Weis Markets during the first quarter valued at $58,000. State of Wyoming purchased a new position in Weis Markets during the fourth quarter valued at $104,000. Exchange Traded Concepts LLC raised its stake in 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 raised its stake in 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.

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 Trading Up 0.1%

NYSE:WMK traded up $0.09 during trading hours on Friday, reaching $72.50. 112,204 shares of the company traded hands, compared to its average volume of 101,928. The business's 50-day moving average price is $74.98 and its two-hundred day moving average price is $75.64. The stock has a market capitalization of $1.95 billion, a P/E ratio of 18.17 and a beta of 0.47. Weis Markets, Inc. has a 1 year low of $62.25 and a 1 year high of $90.23.

Weis Markets (NYSE:WMK - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.76 earnings per share (EPS) for the quarter. The business had revenue of $1.20 billion during the quarter. Weis Markets had a return on equity of 7.49% and a net margin of 2.24%.

Weis Markets Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 11th. Stockholders of record on Monday, July 28th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, July 28th. Weis Markets's dividend payout ratio is presently 34.09%.

Weis Markets 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.