Wells Fargo & Company MN Raises Position in Village Super Market, Inc. (VLGEA)
Wells Fargo & Company MN increased its holdings in Village Super Market, Inc. (NASDAQ:VLGEA) by 6.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,606 shares of the company’s stock after buying an additional 1,903 shares during the quarter. Wells Fargo & Company MN owned about 0.23% of Village Super Market worth $846,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the stock. Bessemer Group Inc. increased its holdings in Village Super Market by 0.8% in the 2nd quarter. Bessemer Group Inc. now owns 12,000 shares of the company’s stock worth $311,000 after buying an additional 100 shares during the period. Bank of New York Mellon Corp boosted its position in Village Super Market by 2.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 110,852 shares of the company’s stock worth $2,873,000 after purchasing an additional 2,979 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in Village Super Market by 8.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 83,346 shares of the company’s stock worth $2,161,000 after purchasing an additional 6,666 shares in the last quarter. Trexquant Investment LP purchased a new stake in Village Super Market in the 2nd quarter worth approximately $216,000. Finally, Gamco Investors INC. ET AL boosted its position in Village Super Market by 7.5% in the 2nd quarter. Gamco Investors INC. ET AL now owns 135,288 shares of the company’s stock worth $3,507,000 after purchasing an additional 9,388 shares in the last quarter. Institutional investors own 42.06% of the company’s stock.
Separately, BidaskClub lowered Village Super Market from a “sell” rating to a “strong sell” rating in a research report on Friday, August 25th.
In other Village Super Market news, EVP John Sumas sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $24.22, for a total value of $121,100.00. Following the sale, the executive vice president now owns 135,605 shares in the company, valued at approximately $3,284,353.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 40.18% of the company’s stock.
Shares of Village Super Market, Inc. (NASDAQ VLGEA) opened at $24.09 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.89 and a quick ratio of 1.45. Village Super Market, Inc. has a 52-week low of $22.43 and a 52-week high of $36.42. The company has a market capitalization of $242.80, a P/E ratio of 15.22 and a beta of 0.31.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 26th. Shareholders of record on Thursday, October 5th were given a $0.25 dividend. The ex-dividend date was Wednesday, October 4th. This represents a $1.00 annualized dividend and a yield of 4.15%. Village Super Market’s dividend payout ratio is presently 62.50%.
Village Super Market Profile
Village Super Market, Inc (Village) is engaged in retail sale of food and nonfood products. As of July 30, 2016, the Company operated a chain of 29 ShopRite supermarkets, 18 of which are located in northern New Jersey, eight in southern New Jersey, two in Maryland and one in northeastern Pennsylvania.
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