Weis Markets, Inc. $WMK Shares Sold by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. has reduced its stake in Weis Markets, Inc. by 35.9%, selling 52,167 shares, resulting in ownership of about 0.35% of the company valued at $7.2 million.
• Weis Markets reported a quarterly earnings per share (EPS) of $1.01 with revenue of $1.21 billion and a net margin of 2.23%.
• The company has announced a quarterly dividend of $0.34, yielding 1.9%, with a current payout ratio of 33.83%.

Goldman Sachs Group Inc. lessened its stake in shares of Weis Markets, Inc. (NYSE:WMK - Free Report) by 35.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 93,279 shares of the company's stock after selling 52,167 shares during the quarter. Goldman Sachs Group Inc. owned about 0.35% of Weis Markets worth $7,187,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fifth Third Bancorp bought a new position in Weis Markets during the 1st quarter valued at $58,000. State of Wyoming acquired a new stake in shares of Weis Markets in the fourth quarter valued at $104,000. Exchange Traded Concepts LLC lifted its holdings in shares of Weis Markets by 1,258.8% in the first quarter. Exchange Traded Concepts LLC now owns 2,079 shares of the company's stock valued at $160,000 after buying an additional 1,926 shares during the period. Flagship Harbor Advisors LLC boosted its stake in 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 buying an additional 379 shares in the last quarter. Finally, Graham Capital Management L.P. acquired a new position in Weis Markets during the fourth quarter worth about $309,000.

Weis Markets Trading Down 0.7%

Shares of Weis Markets stock opened at $70.82 on Monday. Weis Markets, Inc. has a 52 week low of $62.25 and a 52 week high of $90.23. The stock has a market cap of $1.75 billion, a PE ratio of 17.62 and a beta of 0.49. The company's 50-day moving average price is $73.19 and its two-hundred day moving average price is $76.26.

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

Weis Markets Announces Dividend

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

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