Weis Markets, Inc. $WMK Shares Bought by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. increased its stake in Weis Markets by 1.1%, owning a total of 1,863,084 shares valued at approximately $143.5 million.
• Weis Markets recently declared a quarterly dividend of $0.34 per share, representing an annualized dividend of $1.36 and a yield of 1.9%.
• Shares of Weis Markets (NYSE: WMK) have experienced significant price movements, with a 1-year low of $62.25 and a high of $90.23, indicating market volatility.

Vanguard Group Inc. grew its position in Weis Markets, Inc. (NYSE:WMK - Free Report) by 1.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,863,084 shares of the company's stock after purchasing an additional 20,202 shares during the period. Vanguard Group Inc. owned approximately 6.93% of Weis Markets worth $143,551,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of WMK. Sterling Capital Management LLC boosted its stake in shares of Weis Markets by 826.3% in the fourth quarter. Sterling Capital Management LLC now owns 528 shares of the company's stock worth $36,000 after buying an additional 471 shares during the last quarter. Fifth Third Bancorp purchased a new stake in shares of Weis Markets in the first quarter worth about $58,000. State of Wyoming purchased a new stake in shares of Weis Markets in the fourth quarter worth about $104,000. Exchange Traded Concepts LLC boosted its stake in shares of Weis Markets by 1,258.8% in the first quarter. Exchange Traded Concepts LLC now owns 2,079 shares of the company's stock worth $160,000 after buying an additional 1,926 shares during the last quarter. Finally, Flagship Harbor Advisors LLC boosted its stake in shares of Weis Markets by 12.5% in the first quarter. Flagship Harbor Advisors LLC now owns 3,404 shares of the company's stock worth $262,000 after buying an additional 379 shares during the last quarter.

Weis Markets Trading Up 0.2%

WMK stock traded up $0.1550 during midday trading on Monday, hitting $73.7050. 38,032 shares of the company's stock were exchanged, compared to its average volume of 121,853. The business has a 50-day simple moving average of $73.82 and a two-hundred day simple moving average of $76.24. The stock has a market capitalization of $1.82 billion, a PE ratio of 18.33 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 issued its quarterly earnings data on Wednesday, August 6th. The company reported $1.01 earnings per share for the quarter. Weis Markets had a return on equity of 7.60% and a net margin of 2.23%.The business had revenue of $1.21 billion during the quarter.

Weis Markets Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 11th. Stockholders of record on Monday, July 28th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Monday, July 28th. Weis Markets's payout ratio is presently 33.83%.

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.

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.