Bank of Montreal Can Purchases New Position in Weis Markets, Inc. (WMK)
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.
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
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