Bank of Montreal Can purchased a new position in shares of Weis Markets, Inc. (NYSE:WMK) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,437 shares of the company’s stock, valued at approximately $130,000.

A number of other institutional investors and hedge funds have also bought and sold shares of WMK. LSV Asset Management lifted its holdings in shares of Weis Markets by 430.3% during the first quarter. LSV Asset Management now owns 476,289 shares of the company’s stock valued at $19,518,000 after acquiring an additional 386,478 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Weis Markets by 15.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,399,842 shares of the company’s stock valued at $57,366,000 after acquiring an additional 183,572 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of Weis Markets by 29.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 152,272 shares of the company’s stock valued at $6,241,000 after acquiring an additional 34,339 shares during the period. Aviance Capital Partners LLC bought a new position in shares of Weis Markets during the first quarter valued at $988,000. Finally, ARGI Investment Services LLC bought a new position in shares of Weis Markets during the first quarter valued at $859,000. Hedge funds and other institutional investors own 35.15% of the company’s stock.

Shares of NYSE WMK opened at $46.37 on Friday. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 24.13 and a beta of 0.55. Weis Markets, Inc. has a 52-week low of $31.26 and a 52-week high of $57.82.

Weis Markets (NYSE:WMK) last released its quarterly earnings results on Friday, August 3rd. The company reported $0.71 earnings per share (EPS) for the quarter. Weis Markets had a return on equity of 5.49% and a net margin of 2.97%. The business had revenue of $871.10 million during the quarter.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 13th. Investors of record on Monday, July 30th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, July 27th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.59%.

Weis Markets Profile

Weis Markets, Inc engages 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, and fuel; and general merchandise items, such as health and beauty care, and household products.

Further Reading: Average Daily Trade Volume – ADTV

Want to see what other hedge funds are holding WMK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Weis Markets, Inc. (NYSE:WMK).

Institutional Ownership by Quarter for Weis Markets (NYSE:WMK)

Receive News & Ratings for Weis Markets Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weis Markets and related companies with MarketBeat.com's FREE daily email newsletter.