Vanguard Group Inc. Buys 20,202 Shares of Weis Markets, Inc. $WMK

Vanguard Group Inc. lifted its stake in Weis Markets, Inc. (NYSE:WMK) by 1.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,863,084 shares of the company’s stock after acquiring an additional 20,202 shares during the quarter. Vanguard Group Inc. owned 6.93% of Weis Markets worth $143,551,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Northern Trust Corp grew its stake in shares of Weis Markets by 9.1% in the fourth quarter. Northern Trust Corp now owns 166,968 shares of the company’s stock worth $11,307,000 after acquiring an additional 13,887 shares during the period. Allianz Asset Management GmbH increased its holdings in Weis Markets by 7.8% during the first quarter. Allianz Asset Management GmbH now owns 152,837 shares of the company’s stock valued at $11,776,000 after buying an additional 11,017 shares during the last quarter. Bridgeway Capital Management LLC increased its holdings in Weis Markets by 259.4% during the fourth quarter. Bridgeway Capital Management LLC now owns 72,233 shares of the company’s stock valued at $4,892,000 after buying an additional 52,134 shares during the last quarter. Deutsche Bank AG raised its position in Weis Markets by 12.7% in the fourth quarter. Deutsche Bank AG now owns 41,502 shares of the company’s stock worth $2,811,000 after acquiring an additional 4,673 shares during the period. Finally, Denali Advisors LLC boosted its stake in shares of Weis Markets by 0.8% during the 1st quarter. Denali Advisors LLC now owns 38,219 shares of the company’s stock worth $2,945,000 after acquiring an additional 319 shares during the last quarter.

Weis Markets Price Performance

Shares of NYSE:WMK opened at $71.3640 on Thursday. Weis Markets, Inc. has a 1-year low of $62.25 and a 1-year high of $90.23. The company has a market capitalization of $1.77 billion, a P/E ratio of 17.75 and a beta of 0.47. The firm’s 50 day simple moving average is $73.87 and its two-hundred day simple moving average is $76.10.

Weis Markets (NYSE:WMK) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $1.01 earnings per share for the quarter. Weis Markets had a net margin of 2.23% and a return on equity of 7.60%. The business had revenue of $1.21 billion for the quarter.

Weis Markets Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 11th. Shareholders of record on Monday, July 28th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Monday, July 28th. This represents a $1.36 annualized dividend and a yield of 1.9%. Weis Markets’s payout ratio is currently 33.83%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Weis Markets from a “strong-buy” rating to a “buy” rating in a research note 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.