XTX Topco Ltd Takes Position in Weis Markets, Inc. (NYSE:WMK)

Key Points

• XTX Topco Ltd has invested approximately $611,000 in Weis Markets by acquiring 7,936 shares, marking a new position as of the first quarter.
• Wall Street analysts have downgraded Weis Markets from a "strong-buy" to a "buy" rating, signaling a more cautious outlook on the stock.
• Weis Markets announced a quarterly dividend of $0.34, which will be paid on August 11th, representing an annualized yield of 2.0%.

XTX Topco Ltd acquired a new stake in shares of Weis Markets, Inc. (NYSE:WMK - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 7,936 shares of the company's stock, valued at approximately $611,000.

Other large investors also recently modified their holdings of the company. Vest Financial LLC purchased a new stake in Weis Markets during the 1st quarter valued at about $865,000. GAMMA Investing LLC boosted its stake in shares of Weis Markets by 8,730.3% during the first quarter. GAMMA Investing LLC now owns 15,718 shares of the company's stock valued at $1,211,000 after purchasing an additional 15,540 shares during the period. SG Americas Securities LLC bought a new position in shares of Weis Markets in the first quarter worth approximately $713,000. Deutsche Bank AG increased its stake in shares of Weis Markets by 12.7% in the fourth quarter. Deutsche Bank AG now owns 41,502 shares of the company's stock worth $2,811,000 after buying an additional 4,673 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Weis Markets by 18.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 33,750 shares of the company's stock worth $2,286,000 after buying an additional 5,199 shares during the period.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Weis Markets from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 8th.

Weis Markets Stock Down 0.8%

Shares of WMK traded down $0.58 during trading hours on Friday, reaching $70.99. 150,739 shares of the company traded hands, compared to its average volume of 121,872. Weis Markets, Inc. has a 12 month low of $62.25 and a 12 month high of $90.23. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of 17.66 and a beta of 0.47. The company's fifty day moving average price is $74.59 and its two-hundred day moving average price is $75.77.

Weis Markets (NYSE:WMK - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $1.01 EPS for the quarter. The business had revenue of $1.21 billion during the quarter. Weis Markets had a return on equity of 7.46% and a net margin of 2.23%.

Weis Markets Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 11th. Stockholders of record on Monday, July 28th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Monday, July 28th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.9%. Weis Markets's dividend payout ratio is 34.09%.

About Weis Markets

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.