Weis Markets, Inc. $WMK Stock Holdings Lessened by Northern Trust Corp

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

A number of other hedge funds also recently bought and sold shares of WMK. Brandywine Global Investment Management LLC purchased a new stake in Weis Markets during the first quarter valued at about $7,255,000. Bridgeway Capital Management LLC lifted its stake in Weis Markets by 259.4% during the fourth quarter. Bridgeway Capital Management LLC now owns 72,233 shares of the company's stock valued at $4,892,000 after buying an additional 52,134 shares in the last quarter. American Century Companies Inc. lifted its stake in 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 buying an additional 51,564 shares in the last quarter. Nuveen LLC purchased a new stake in Weis Markets during the first quarter valued at about $3,516,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Weis Markets during the first quarter valued at about $2,562,000.

Weis Markets Trading Down 1.8%

WMK stock traded down $1.31 during mid-day trading on Wednesday, reaching $69.88. 106,157 shares of the stock traded hands, compared to its average volume of 124,005. Weis Markets, Inc. has a 52-week low of $62.25 and a 52-week high of $90.23. The company has a market cap of $1.73 billion, a P/E ratio of 17.38 and a beta of 0.49. The stock's fifty day moving average is $73.38 and its 200-day moving average is $76.26.

Weis Markets (NYSE:WMK - Get Free Report) last posted its quarterly earnings data 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 company 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. Stockholders of record on Monday, July 28th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, July 28th. Weis Markets's dividend payout ratio is 33.83%.

Weis Markets Company 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.