Wells Fargo & Company MN lessened its stake in Weis Markets, Inc. (NYSE:WMK) by 56.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,370 shares of the company’s stock after selling 26,157 shares during the period. Wells Fargo & Company MN owned 0.08% of Weis Markets worth $992,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in WMK. First Trust Advisors LP grew its position in Weis Markets by 35.7% in the 2nd quarter. First Trust Advisors LP now owns 450,435 shares of the company’s stock valued at $21,945,000 after buying an additional 118,394 shares in the last quarter. Royce & Associates LP grew its position in Weis Markets by 3.6% in the 2nd quarter. Royce & Associates LP now owns 1,420,500 shares of the company’s stock valued at $69,207,000 after buying an additional 49,500 shares in the last quarter. Morgan Dempsey Capital Management LLC grew its position in Weis Markets by 55.4% in the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 103,993 shares of the company’s stock valued at $5,067,000 after buying an additional 37,082 shares in the last quarter. Bank of New York Mellon Corp grew its position in Weis Markets by 3.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 469,552 shares of the company’s stock valued at $22,876,000 after buying an additional 16,756 shares in the last quarter. Finally, Marshall Wace North America L.P. bought a new position in Weis Markets in the 2nd quarter valued at about $747,000. Hedge funds and other institutional investors own 31.34% of the company’s stock.
Separately, BidaskClub upgraded shares of Weis Markets from a “strong sell” rating to a “sell” rating in a research report on Monday, August 14th.
In other Weis Markets news, COO Kurt A. Schertle acquired 1,000 shares of Weis Markets stock in a transaction dated Friday, August 11th. The stock was bought at an average price of $45.47 per share, for a total transaction of $45,470.00. Following the transaction, the chief operating officer now owns 1,000 shares in the company, valued at approximately $45,470. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Scott F. Frost acquired 600 shares of Weis Markets stock in a transaction dated Monday, September 18th. The shares were acquired at an average price of $42.85 per share, with a total value of $25,710.00. Following the transaction, the chief financial officer now owns 1,961 shares in the company, valued at approximately $84,028.85. The disclosure for this purchase can be found here. Insiders purchased a total of 2,625 shares of company stock valued at $116,570 in the last quarter. 26.90% of the stock is currently owned by insiders.
Weis Markets, Inc. (NYSE:WMK) opened at $40.37 on Friday. The stock has a market cap of $1,085.87, a PE ratio of 14.37 and a beta of 0.68. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.81 and a current ratio of 1.98.
Weis Markets (NYSE:WMK) last announced its earnings results on Friday, November 3rd. The company reported $0.16 earnings per share (EPS) for the quarter. The firm had revenue of $854.26 million during the quarter. Weis Markets had a net margin of 2.42% and a return on equity of 8.89%.
The business also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Monday, November 6th will be given a $0.30 dividend. The ex-dividend date is Friday, November 3rd. This represents a $1.20 dividend on an annualized basis and a yield of 2.97%. Weis Markets’s dividend payout ratio is presently 42.70%.
About Weis Markets
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.
Want to see what other hedge funds are holding WMK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Weis Markets, Inc. (NYSE:WMK).
What are top analysts saying about Weis Markets Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Weis Markets Inc. and related companies.