Dimensional Fund Advisors LP Sells 47,657 Shares of Weis Markets, Inc. $WMK

Key Points

• Dimensional Fund Advisors LP reduced its stake in Weis Markets, Inc. by 2.3%, now owning 2,059,329 shares valued at approximately $158.67 million.
• Weis Markets reported earnings of $1.01 EPS for the last quarter with revenue totaling $1.21 billion, and has a net margin of 2.23%.
• The company declared a quarterly dividend of $0.34 per share, translating to an annual yield of 1.9%, with a payout ratio of 33.83%.

Dimensional Fund Advisors LP trimmed its holdings in Weis Markets, Inc. (NYSE:WMK - Free Report) by 2.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,059,329 shares of the company's stock after selling 47,657 shares during the period. Dimensional Fund Advisors LP owned about 7.66% of Weis Markets worth $158,671,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of WMK. Vanguard Group Inc. increased its position in shares of Weis Markets by 1.1% during the first quarter. Vanguard Group Inc. now owns 1,863,084 shares of the company's stock worth $143,551,000 after acquiring an additional 20,202 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Weis Markets by 1.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 424,476 shares of the company's stock worth $32,706,000 after purchasing an additional 4,200 shares during the period. Northern Trust Corp boosted its stake in Weis Markets by 9.1% in the 4th quarter. Northern Trust Corp now owns 166,968 shares of the company's stock worth $11,307,000 after purchasing an additional 13,887 shares during the period. Allianz Asset Management GmbH increased its holdings in Weis Markets by 7.8% during the 1st quarter. Allianz Asset Management GmbH now owns 152,837 shares of the company's stock worth $11,776,000 after purchasing an additional 11,017 shares in the last quarter. Finally, Bridgeway Capital Management LLC raised its stake in shares of Weis Markets by 259.4% in the 4th quarter. Bridgeway Capital Management LLC now owns 72,233 shares of the company's stock valued at $4,892,000 after purchasing an additional 52,134 shares during the period.

Weis Markets Trading Up 0.1%

Shares of NYSE WMK traded up $0.0950 during mid-day trading on Monday, hitting $73.6450. The company had a trading volume of 88,109 shares, compared to its average volume of 135,135. The firm has a 50-day simple moving average of $73.80 and a two-hundred day simple moving average of $76.27. The company has a market capitalization of $1.82 billion, a PE ratio of 18.32 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.

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

Weis Markets Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 11th. Investors of record on Monday, July 28th were paid a $0.34 dividend. The ex-dividend date was Monday, July 28th. This represents a $1.36 annualized dividend and a yield of 1.8%. Weis Markets's payout ratio is 33.83%.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded 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.