Russell Investments Group Ltd. Trims Stake in Weis Markets, Inc. $WMK

Russell Investments Group Ltd. reduced its position in shares of Weis Markets, Inc. (NYSE:WMK) by 1.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,219 shares of the company’s stock after selling 214 shares during the quarter. Russell Investments Group Ltd. owned about 0.08% of Weis Markets worth $1,635,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Fifth Third Bancorp purchased a new position in Weis Markets during the 1st quarter worth $58,000. State of Wyoming purchased a new position in Weis Markets during the 4th quarter worth $104,000. Exchange Traded Concepts LLC increased its holdings in Weis Markets by 1,258.8% during the 1st quarter. Exchange Traded Concepts LLC now owns 2,079 shares of the company’s stock worth $160,000 after purchasing an additional 1,926 shares during the period. Flagship Harbor Advisors LLC increased its holdings in Weis Markets by 12.5% during the 1st quarter. Flagship Harbor Advisors LLC now owns 3,404 shares of the company’s stock worth $262,000 after purchasing an additional 379 shares during the period. Finally, Graham Capital Management L.P. purchased a new position in Weis Markets during the 4th quarter worth $309,000.

Weis Markets Trading Up 0.9%

Shares of NYSE:WMK opened at $74.10 on Thursday. Weis Markets, Inc. has a 12-month low of $62.25 and a 12-month high of $90.23. The business’s fifty day simple moving average is $73.81 and its 200-day simple moving average is $76.23. The company has a market capitalization of $1.83 billion, a PE ratio of 18.43 and a beta of 0.47.

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

Weis Markets Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 11th. Stockholders of record on Monday, July 28th were given a $0.34 dividend. The ex-dividend date of this dividend was Monday, July 28th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.8%. Weis Markets’s dividend payout ratio (DPR) is presently 33.83%.

Analysts Set New Price Targets

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

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.