American Century Companies Inc. Has $42.64 Million Stake in Weis Markets, Inc. $WMK

American Century Companies Inc. grew its stake in shares of Weis Markets, Inc. (NYSE:WMK) by 9.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 588,207 shares of the company’s stock after acquiring an additional 51,356 shares during the period. American Century Companies Inc. owned 2.38% of Weis Markets worth $42,639,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. XTX Topco Ltd bought a new stake in Weis Markets during the 1st quarter valued at approximately $611,000. Jefferies Financial Group Inc. bought a new stake in shares of Weis Markets during the first quarter worth $1,096,000. Vanguard Group Inc. boosted its stake in Weis Markets by 1.1% in the first quarter. Vanguard Group Inc. now owns 1,863,084 shares of the company’s stock valued at $143,551,000 after acquiring an additional 20,202 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Weis Markets by 1.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 424,476 shares of the company’s stock worth $32,706,000 after buying an additional 4,200 shares during the period. Finally, Virtu Financial LLC bought a new stake in Weis Markets in the first quarter valued at approximately $341,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Weis Markets in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Weis Markets currently has a consensus rating of “Hold”.

Insider Buying and Selling at Weis Markets

In other Weis Markets news, COO Robert G. Gleeson acquired 500 shares of Weis Markets stock in a transaction that occurred on Friday, November 7th. The shares were acquired at an average cost of $65.51 per share, with a total value of $32,755.00. Following the completion of the purchase, the chief operating officer directly owned 1,000 shares of the company’s stock, valued at $65,510. This represents a 100.00% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 27.00% of the stock is currently owned by corporate insiders.

Weis Markets Trading Down 0.6%

Shares of NYSE WMK opened at $64.97 on Friday. The business’s 50 day moving average is $67.52 and its 200-day moving average is $71.61. Weis Markets, Inc. has a 1-year low of $61.53 and a 1-year high of $90.23. The firm has a market cap of $1.61 billion, a P/E ratio of 16.16 and a beta of 0.45.

Weis Markets (NYSE:WMK) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.74 EPS for the quarter. The business had revenue of $1.24 billion for the quarter. Weis Markets had a net margin of 2.23% and a return on equity of 7.60%.

Weis Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Monday, November 10th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Monday, November 10th. Weis Markets’s dividend payout ratio (DPR) is 35.79%.

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.