American Century Companies Inc. Has $41.36 Million Position in Weis Markets, Inc. $WMK

Key Points

• American Century Companies Inc. increased its stake in Weis Markets, Inc. by 10.6%, now holding approximately 2.00% of the company, valued at $41.36 million.
• Weis Markets announced a quarterly dividend of $0.34 per share, with a dividend yield of 1.9% and a payout ratio of 33.83%.
• Wall Street analysts downgraded Weis Markets from a "strong-buy" to a "buy" rating in recent evaluations.

American Century Companies Inc. increased its stake in Weis Markets, Inc. (NYSE:WMK - Free Report) by 10.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 536,851 shares of the company's stock after acquiring an additional 51,564 shares during the period. American Century Companies Inc. owned approximately 2.00% of Weis Markets worth $41,364,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Sterling Capital Management LLC raised its stake 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 acquiring an additional 471 shares in the last quarter. Fifth Third Bancorp bought a new position in shares of Weis Markets during the first quarter valued at approximately $58,000. State of Wyoming bought a new position in shares of Weis Markets during the fourth quarter valued at approximately $104,000. Exchange Traded Concepts LLC boosted its stake in shares of 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 purchasing an additional 1,926 shares in the last quarter. Finally, Flagship Harbor Advisors LLC boosted its stake in shares of 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 purchasing an additional 379 shares in the last quarter.

Analyst Ratings Changes

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

Weis Markets Price Performance

Shares of WMK stock traded up $0.0750 during trading hours on Monday, reaching $73.6250. The stock had a trading volume of 43,799 shares, compared to its average volume of 121,884. Weis Markets, Inc. has a twelve month low of $62.25 and a twelve month high of $90.23. The firm has a 50-day simple moving average of $73.82 and a 200-day simple moving average of $76.24. The firm has a market capitalization of $1.82 billion, a PE ratio of 18.32 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 net margin of 2.23% and a return on equity of 7.60%. The firm had revenue of $1.21 billion for the quarter.

Weis Markets Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 11th. Investors of record on Monday, July 28th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Monday, July 28th. Weis Markets's dividend payout ratio (DPR) is presently 33.83%.

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.