7,936 Shares in Weis Markets, Inc. (NYSE:WMK) Bought by XTX Topco Ltd

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 position in shares of Weis Markets, Inc. (NYSE:WMK - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 7,936 shares of the company's stock, valued at approximately $611,000.

Several other large investors have also modified their holdings of WMK. Vanguard Group Inc. increased its position in Weis Markets by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 1,842,882 shares of the company's stock worth $124,800,000 after purchasing an additional 30,772 shares in the last quarter. Geode Capital Management LLC increased its position in Weis Markets by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 442,810 shares of the company's stock worth $29,994,000 after purchasing an additional 7,846 shares in the last quarter. Northern Trust Corp increased its position in Weis Markets by 9.1% during 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 in the last quarter. Allianz Asset Management GmbH increased its position 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 increased its position in Weis Markets by 259.4% during the 4th quarter. Bridgeway Capital Management LLC now owns 72,233 shares of the company's stock worth $4,892,000 after purchasing an additional 52,134 shares in the last quarter.

Weis Markets Trading Down 0.8%

NYSE:WMK traded down $0.58 during trading hours on Friday, hitting $70.99. The stock had a trading volume of 150,739 shares, compared to its average volume of 116,972. Weis Markets, Inc. has a 1-year low of $62.25 and a 1-year high of $90.23. The business has a 50 day simple moving average of $74.49 and a two-hundred day simple moving average of $75.80. The company has a market cap of $1.91 billion, a PE ratio of 17.66 and a beta of 0.47.

Weis Markets (NYSE:WMK - Get Free Report) last issued 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 7.46%. The company had revenue of $1.21 billion during the quarter.

Weis Markets Announces Dividend

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

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of Weis Markets from a "strong-buy" rating to a "buy" rating in a research 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.