Virtu Financial LLC Takes $341,000 Position in Weis Markets, Inc. (NYSE:WMK)

Virtu Financial LLC purchased a new stake in Weis Markets, Inc. (NYSE:WMK - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 4,421 shares of the company's stock, valued at approximately $341,000.

Other hedge funds also recently made changes to their positions in the company. Vest Financial LLC acquired a new stake in shares of Weis Markets in the 1st quarter valued at approximately $865,000. GAMMA Investing LLC boosted its stake in shares of Weis Markets by 8,730.3% in the 1st quarter. GAMMA Investing LLC now owns 15,718 shares of the company's stock valued at $1,211,000 after purchasing an additional 15,540 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Weis Markets in the 1st quarter valued at approximately $713,000. Deutsche Bank AG raised its holdings in Weis Markets by 12.7% in the 4th quarter. Deutsche Bank AG now owns 41,502 shares of the company's stock valued at $2,811,000 after buying an additional 4,673 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Weis Markets by 18.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 33,750 shares of the company's stock valued at $2,286,000 after buying an additional 5,199 shares during the last quarter.

Weis Markets Price Performance

Shares of NYSE WMK opened at $70.13 on Friday. The company has a 50 day simple moving average of $74.24 and a 200 day simple moving average of $76.00. The firm has a market cap of $1.74 billion, a PE ratio of 17.45 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 (EPS) for the quarter. The business had revenue of $1.21 billion during the quarter. Weis Markets had a net margin of 2.23% and a return on equity of 7.60%.

Weis Markets Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 11th. Shareholders of record on Monday, July 28th were issued a dividend of $0.34 per share. The ex-dividend date was Monday, July 28th. This represents a $1.36 annualized dividend and a yield of 1.9%. Weis Markets's dividend payout ratio (DPR) is presently 33.83%.

Analyst Ratings Changes

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

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.

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