Morgan Dempsey Capital Management LLC Raises Position in Weis Markets, Inc. (WMK)

Morgan Dempsey Capital Management LLC boosted its stake in Weis Markets, Inc. (NYSE:WMK) by 55.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 103,993 shares of the company’s stock after buying an additional 37,082 shares during the period. Weis Markets makes up approximately 1.8% of Morgan Dempsey Capital Management LLC’s portfolio, making the stock its 18th largest position. Morgan Dempsey Capital Management LLC owned approximately 0.39% of Weis Markets worth $5,067,000 as of its most recent SEC filing.

Separately, Strs Ohio boosted its position in Weis Markets by 18.0% in the second quarter. Strs Ohio now owns 14,400 shares of the company’s stock valued at $701,000 after buying an additional 2,200 shares in the last quarter. Institutional investors and hedge funds own 31.64% of the company’s stock.

Weis Markets, Inc. (NYSE WMK) traded down 0.27% during mid-day trading on Friday, reaching $44.43. The company had a trading volume of 30,331 shares. The stock has a 50 day moving average price of $46.96 and a 200 day moving average price of $54.67. Weis Markets, Inc. has a one year low of $43.72 and a one year high of $68.88. The company has a market capitalization of $1.20 billion, a P/E ratio of 14.56 and a beta of 0.70.

Weis Markets (NYSE:WMK) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.69 EPS for the quarter. The firm had revenue of $876.57 million for the quarter. Weis Markets had a net margin of 2.42% and a return on equity of 8.89%.

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Monday, July 31st were given a dividend of $0.30 per share. The ex-dividend date was Thursday, July 27th. This represents a $1.20 annualized dividend and a dividend yield of 2.70%. Weis Markets’s payout ratio is 39.34%.

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Separately, BidaskClub upgraded Weis Markets from a “sell” rating to a “hold” rating in a report on Saturday, June 10th.

In other news, COO Kurt A. Schertle acquired 1,000 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were purchased at an average cost of $45.47 per share, for a total transaction of $45,470.00. Following the transaction, the chief operating officer now directly owns 1,000 shares of the company’s stock, valued at $45,470. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have bought a total of 1,650 shares of company stock worth $74,319 over the last 90 days. Insiders own 26.90% of the company’s stock.

Weis Markets Company Profile

Weis Markets, Inc is engaged principally in the retail sale of food 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, fuel and general merchandise items, such as health and beauty care and household products.

Institutional Ownership by Quarter for Weis Markets (NYSE:WMK)

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