Northern Trust Corp Sells 3,581 Shares of Weis Markets, Inc. $WMK

Key Points

• Northern Trust Corp reduced its stake in Weis Markets by 2.1%, owning 163,387 shares worth approximately $12.59 million at the end of the first quarter.
• Weis Markets reported a quarterly revenue of $1.21 billion with an EPS of $1.01 and a return on equity of 7.60% for the most recent quarter.
• The company declared a quarterly dividend of $0.34 which represents an annualized rate of $1.36, resulting in a dividend yield of 1.9%.

Northern Trust Corp reduced its position in shares of Weis Markets, Inc. (NYSE:WMK - Free Report) by 2.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 163,387 shares of the company's stock after selling 3,581 shares during the period. Northern Trust Corp owned 0.61% of Weis Markets worth $12,589,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Fifth Third Bancorp bought a new stake in shares of Weis Markets during the 1st quarter worth $58,000. State of Wyoming bought a new stake in shares of Weis Markets during the 4th quarter worth $104,000. Exchange Traded Concepts LLC boosted its holdings in shares of Weis Markets by 1,258.8% during the 1st quarter. Exchange Traded Concepts LLC now owns 2,079 shares of the company's stock worth $160,000 after buying an additional 1,926 shares during the period. Flagship Harbor Advisors LLC boosted its holdings in shares of Weis Markets by 12.5% during the 1st quarter. Flagship Harbor Advisors LLC now owns 3,404 shares of the company's stock worth $262,000 after buying an additional 379 shares during the period. Finally, Graham Capital Management L.P. bought a new stake in shares of Weis Markets during the 4th quarter worth $309,000.

Weis Markets Price Performance

Shares of NYSE WMK traded up $0.75 during trading hours on Friday, hitting $72.98. 98,185 shares of the stock were exchanged, compared to its average volume of 123,488. The company's 50 day moving average is $73.61 and its 200 day moving average is $76.31. The firm has a market capitalization of $1.81 billion, a P/E ratio of 18.16 and a beta of 0.49. 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 posted 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 business had revenue of $1.21 billion during the quarter.

Weis Markets Dividend Announcement

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 dividend on an annualized basis and a yield of 1.9%. Weis Markets's dividend payout ratio is 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.