Weis Markets, Inc. $WMK Shares Bought by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management has increased its holdings in Weis Markets, Inc. by 9.5%, now owning approximately 0.62% of the company, worth $12.14 million.
• Weis Markets reported $1.01 earnings per share (EPS) for the last quarter, with a revenue of $1.21 billion, and has a market cap of $1.72 billion.
• Analysts currently rate Weis Markets stock as a "Hold," with an average price target evaluation following their recent earnings results.

Allianz Asset Management GmbH lifted its holdings in shares of Weis Markets, Inc. (NYSE:WMK - Free Report) by 9.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 167,413 shares of the company's stock after buying an additional 14,576 shares during the period. Allianz Asset Management GmbH owned approximately 0.62% of Weis Markets worth $12,136,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hennessy Advisors Inc. acquired a new stake in Weis Markets in the 2nd quarter valued at approximately $8,748,000. Brandywine Global Investment Management LLC acquired a new position in shares of Weis Markets during the first quarter valued at $7,255,000. American Century Companies Inc. raised its stake in shares of Weis Markets by 10.6% during the first quarter. American Century Companies Inc. now owns 536,851 shares of the company's stock valued at $41,364,000 after purchasing an additional 51,564 shares in the last quarter. Nuveen LLC acquired a new stake in Weis Markets in the first quarter worth about $3,516,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Weis Markets in the first quarter worth about $2,562,000.

Weis Markets Stock Up 0.5%

Shares of Weis Markets stock opened at $69.51 on Tuesday. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 17.29 and a beta of 0.48. The business has a fifty day simple moving average of $71.15 and a 200-day simple moving average of $74.99. Weis Markets, Inc. has a fifty-two week low of $62.25 and a fifty-two week high of $90.23.

Weis Markets (NYSE:WMK - Get Free Report) last released its earnings results 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 firm had revenue of $1.21 billion for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a "hold (c+)" rating on shares of Weis Markets in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Weis Markets presently has an average rating of "Hold".

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.

Want to see what other hedge funds are holding WMK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Weis Markets, Inc. (NYSE:WMK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.