Virtu Financial LLC Acquires Shares of 4,421 Weis Markets, Inc. $WMK

Key Points

• Virtu Financial LLC has acquired a new position in Weis Markets, Inc., purchasing 4,421 shares valued at approximately $341,000.
• Weis Markets has disclosed a quarterly dividend of $0.34 per share, reflecting an annual yield of 1.9% and a dividend payout ratio of 33.83%.
• Wall Street analysts have downgraded Weis Markets from a "strong-buy" to a "buy" rating, indicating a change in sentiment towards future growth potential.

Virtu Financial LLC bought a new position in Weis Markets, Inc. (NYSE:WMK - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 4,421 shares of the company's stock, valued at approximately $341,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Diversified Trust Co increased its holdings in Weis Markets by 1.4% in the 1st quarter. Diversified Trust Co now owns 9,129 shares of the company's stock worth $703,000 after purchasing an additional 122 shares in the last quarter. SummerHaven Investment Management LLC increased its holdings in Weis Markets by 1.7% in the 1st quarter. SummerHaven Investment Management LLC now owns 12,393 shares of the company's stock worth $955,000 after purchasing an additional 212 shares in the last quarter. Denali Advisors LLC increased its holdings in Weis Markets by 0.8% in the 1st quarter. Denali Advisors LLC now owns 38,219 shares of the company's stock worth $2,945,000 after purchasing an additional 319 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake 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 worth $635,000 after purchasing an additional 367 shares during the last quarter. Finally, Flagship Harbor Advisors LLC grew 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 purchasing an additional 379 shares during the last quarter.

Weis Markets Trading Up 0.0%

NYSE WMK traded up $0.02 during trading hours on Tuesday, hitting $71.02. 19,490 shares of the company's stock were exchanged, compared to its average volume of 121,745. The stock has a 50-day simple moving average of $74.04 and a 200 day simple moving average of $76.17. Weis Markets, Inc. has a 1-year low of $62.25 and a 1-year high of $90.23. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 17.71 and a beta of 0.47.

Weis Markets (NYSE:WMK - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $1.01 EPS 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 Announces Dividend

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

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Weis Markets from a "strong-buy" rating to a "buy" rating in a research note 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.