SG Americas Securities LLC Invests $163,000 in Weis Markets, Inc. (NYSE:WMK)

SG Americas Securities LLC purchased a new position in shares of Weis Markets, Inc. (NYSE:WMK) in the fourth quarter, Holdings Channel.com reports. The firm purchased 2,546 shares of the company’s stock, valued at approximately $163,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Victory Capital Management Inc. raised its stake in shares of Weis Markets by 580.9% during the 3rd quarter. Victory Capital Management Inc. now owns 75,480 shares of the company’s stock worth $4,755,000 after purchasing an additional 64,395 shares in the last quarter. Vanguard Group Inc. increased its position in Weis Markets by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,807,956 shares of the company’s stock worth $113,901,000 after buying an additional 9,636 shares during the period. Alps Advisors Inc. increased its position in Weis Markets by 62.5% in the 3rd quarter. Alps Advisors Inc. now owns 8,205 shares of the company’s stock worth $517,000 after buying an additional 3,156 shares during the period. Exchange Traded Concepts LLC increased its position in Weis Markets by 21.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 6,963 shares of the company’s stock worth $439,000 after buying an additional 1,238 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Weis Markets by 6.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 312,603 shares of the company’s stock worth $19,694,000 after buying an additional 17,918 shares during the period.

Weis Markets Stock Performance

Shares of WMK opened at $61.67 on Tuesday. The stock has a fifty day moving average price of $62.73 and a two-hundred day moving average price of $63.04. Weis Markets, Inc. has a 52-week low of $58.75 and a 52-week high of $86.67. The company has a market cap of $1.66 billion, a price-to-earnings ratio of 16.02 and a beta of 0.47.

Weis Markets (NYSE:WMK) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $0.76 earnings per share (EPS) for the quarter. Weis Markets had a return on equity of 7.69% and a net margin of 2.21%. The firm had revenue of $1.21 billion during the quarter.

Weis Markets Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 4th. Shareholders of record on Monday, February 19th were given a $0.34 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $1.36 annualized dividend and a yield of 2.21%. Weis Markets’s payout ratio is 35.32%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on WMK. TheStreet raised Weis Markets from a “c+” rating to a “b-” rating in a report on Monday, March 18th. StockNews.com raised Weis Markets from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th.

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.