Vanguard Group Inc. Has $143.55 Million Holdings in Weis Markets, Inc. $WMK

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. increased its position in shares of Weis Markets, Inc. (NYSE:WMK - Free Report) by 1.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,863,084 shares of the company's stock after buying an additional 20,202 shares during the period. Vanguard Group Inc. owned 6.93% of Weis Markets worth $143,551,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Diversified Trust Co increased its holdings in shares of Weis Markets by 1.4% in the first quarter. Diversified Trust Co now owns 9,129 shares of the company's stock valued at $703,000 after purchasing an additional 122 shares during the last quarter. SummerHaven Investment Management LLC increased its holdings in shares of Weis Markets by 1.7% in the first quarter. SummerHaven Investment Management LLC now owns 12,393 shares of the company's stock valued at $955,000 after purchasing an additional 212 shares during the last quarter. Denali Advisors LLC increased its holdings in shares of Weis Markets by 0.8% in the first quarter. Denali Advisors LLC now owns 38,219 shares of the company's stock valued at $2,945,000 after purchasing an additional 319 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Weis Markets by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,370 shares of the company's stock valued at $635,000 after purchasing an additional 367 shares during the last quarter. Finally, Flagship Harbor Advisors LLC boosted its position 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 valued at $262,000 after acquiring an additional 379 shares during the period.

Weis Markets Stock Down 0.4%

Shares of WMK stock traded down $0.32 on Tuesday, reaching $73.31. The company had a trading volume of 173,908 shares, compared to its average volume of 133,657. The stock has a market capitalization of $1.81 billion, a PE ratio of 18.24 and a beta of 0.47. Weis Markets, Inc. has a one year low of $62.25 and a one year high of $90.23. The business's 50-day moving average is $73.79 and its 200 day moving average is $76.25.

Weis Markets (NYSE:WMK - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $1.01 earnings per share (EPS) for the quarter. Weis Markets had a return on equity of 7.60% and a net margin of 2.23%.The company had revenue of $1.21 billion during the quarter.

Weis Markets Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 11th. Stockholders of record on Monday, July 28th were paid a $0.34 dividend. The ex-dividend date of this dividend was Monday, July 28th. This represents a $1.36 annualized dividend and a dividend yield of 1.9%. Weis Markets's dividend payout ratio is currently 33.83%.

Wall Street Analyst Weigh In

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

About Weis Markets

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.