Aperio Group LLC Acquires 8,803 Shares of Weis Markets, Inc. (WMK)
Aperio Group LLC grew its holdings in Weis Markets, Inc. (NYSE:WMK) by 46.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,681 shares of the company’s stock after buying an additional 8,803 shares during the period. Aperio Group LLC owned approximately 0.10% of Weis Markets worth $1,204,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also modified their holdings of the business. First Trust Advisors LP grew its stake in shares of Weis Markets by 13.0% in the 3rd quarter. First Trust Advisors LP now owns 509,211 shares of the company’s stock worth $22,151,000 after buying an additional 58,776 shares in the last quarter. Strs Ohio grew its stake in shares of Weis Markets by 11.8% in the 3rd quarter. Strs Ohio now owns 16,100 shares of the company’s stock worth $700,000 after buying an additional 1,700 shares in the last quarter. Martin & Co. Inc. TN grew its stake in shares of Weis Markets by 62.5% in the 2nd quarter. Martin & Co. Inc. TN now owns 40,830 shares of the company’s stock worth $1,989,000 after buying an additional 15,710 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Weis Markets by 2.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,007 shares of the company’s stock worth $390,000 after buying an additional 163 shares in the last quarter. Finally, State Street Corp grew its stake in shares of Weis Markets by 2.2% in the 2nd quarter. State Street Corp now owns 241,571 shares of the company’s stock worth $11,771,000 after buying an additional 5,094 shares in the last quarter. 31.48% of the stock is owned by institutional investors and hedge funds.
Separately, BidaskClub raised shares of Weis Markets from a “strong sell” rating to a “sell” rating in a research note on Monday, August 14th.
In other news, CFO Scott F. Frost purchased 600 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was purchased at an average cost of $42.85 per share, with a total value of $25,710.00. Following the purchase, the chief financial officer now owns 1,961 shares in the company, valued at $84,028.85. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jonathan H. Weis purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were purchased at an average cost of $34.79 per share, with a total value of $347,900.00. Following the completion of the purchase, the insider now owns 1,228,766 shares in the company, valued at approximately $42,748,769.14. The disclosure for this purchase can be found here. Insiders acquired a total of 13,575 shares of company stock valued at $480,355 over the last three months. Corporate insiders own 26.90% of the company’s stock.
Weis Markets, Inc. (NYSE WMK) opened at $36.88 on Friday. Weis Markets, Inc. has a 52 week low of $31.26 and a 52 week high of $68.88. The company has a market cap of $976.68, a price-to-earnings ratio of 12.73 and a beta of 0.68. The company has a quick ratio of 0.80, a current ratio of 1.91 and a debt-to-equity ratio of 0.06.
Weis Markets (NYSE:WMK) last issued its quarterly earnings data on Friday, November 3rd. The company reported $0.16 EPS for the quarter. Weis Markets had a net margin of 2.16% and a return on equity of 8.13%. The business had revenue of $854.26 million during the quarter.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, November 6th will be paid a $0.30 dividend. The ex-dividend date is Friday, November 3rd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.25%. Weis Markets’s payout ratio is currently 42.55%.
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Weis Markets Profile
Weis Markets, Inc is engaged principally in the retail sale of food 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, fuel and general merchandise items, such as health and beauty care and household products.
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