SG Americas Securities LLC Takes Position in Weis Markets, Inc. (NYSE:WMK)

SG Americas Securities LLC acquired a new stake in shares of Weis Markets, Inc. (NYSE:WMK) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 9,249 shares of the company’s stock, valued at approximately $713,000.

Other institutional investors have also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Weis Markets in the 4th quarter worth approximately $344,000. Proficio Capital Partners LLC bought a new stake in shares of Weis Markets in the 4th quarter worth approximately $1,169,000. Vest Financial LLC bought a new stake in shares of Weis Markets in the 1st quarter worth approximately $865,000. Versor Investments LP bought a new stake in shares of Weis Markets in the 4th quarter worth approximately $235,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Weis Markets by 4.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 420,276 shares of the company’s stock worth $28,461,000 after buying an additional 17,479 shares during the last quarter.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Weis Markets from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 8th.

Weis Markets Stock Performance

Weis Markets stock opened at $74.05 on Friday. The stock has a market cap of $1.99 billion, a PE ratio of 18.56 and a beta of 0.47. Weis Markets, Inc. has a one year low of $61.58 and a one year high of $90.23. The stock has a fifty day moving average of $78.64 and a 200 day moving average of $74.40.

Weis Markets (NYSE:WMK) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.76 earnings per share for the quarter. The firm had revenue of $1.20 billion during the quarter. Weis Markets had a return on equity of 7.49% and a net margin of 2.24%.

Weis Markets Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were given a dividend of $0.34 per share. The ex-dividend date was Monday, May 12th. This represents a $1.36 annualized dividend and a yield of 1.84%. Weis Markets’s dividend payout ratio (DPR) is presently 34.09%.

Weis Markets Company 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.