Great Lakes Advisors LLC Buys New Shares in Weis Markets, Inc. $WMK

Great Lakes Advisors LLC purchased a new stake in Weis Markets, Inc. (NYSE:WMK) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,453 shares of the company’s stock, valued at approximately $662,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of WMK. Torren Management LLC bought a new position in shares of Weis Markets during the 4th quarter worth about $26,000. EverSource Wealth Advisors LLC raised its position in shares of Weis Markets by 107.0% during the second quarter. EverSource Wealth Advisors LLC now owns 356 shares of the company’s stock valued at $26,000 after buying an additional 184 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of Weis Markets by 788.6% in the second quarter. Versant Capital Management Inc now owns 391 shares of the company’s stock valued at $31,000 after buying an additional 347 shares during the period. GAMMA Investing LLC lifted its stake in shares of Weis Markets by 45.9% in the second quarter. GAMMA Investing LLC now owns 461 shares of the company’s stock valued at $36,000 after buying an additional 145 shares during the period. Finally, Rockefeller Capital Management L.P. grew its position in Weis Markets by 78.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 772 shares of the company’s stock worth $49,000 after buying an additional 340 shares in the last quarter.

Weis Markets Stock Performance

Shares of Weis Markets stock opened at $70.96 on Friday. The firm has a market cap of $1.76 billion, a P/E ratio of 17.61 and a beta of 0.45. The firm’s 50-day simple moving average is $76.57 and its 200-day simple moving average is $72.82. Weis Markets, Inc. has a twelve month low of $59.99 and a twelve month high of $83.74.

Weis Markets (NYSE:WMK) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.92 earnings per share (EPS) for the quarter. The firm had revenue of $1.28 billion during the quarter. Weis Markets had a net margin of 1.99% and a return on equity of 7.40%.

Weis Markets Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Monday, July 27th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Monday, July 27th. Weis Markets’s dividend payout ratio is currently 33.75%.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Weis Markets from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Weis Markets has a consensus rating of “Buy”.

Weis Markets Profile

Weis Markets, Inc (NYSE: WMK) is a regional supermarket chain headquartered in Sunbury, Pennsylvania, operating more than 200 stores across the Mid-Atlantic and Eastern Seaboard. Founded in 1912 by Harry and Sigmund Weis as a small produce and egg business, the company has grown into a full-service grocer serving Pennsylvania, Maryland, New York, New Jersey, Delaware, Virginia, West Virginia and Ohio. Weis Markets offers a broad selection of products including fresh produce, bakery, deli, dairy, meat and seafood, alongside grocery, general merchandise and prepared foods.

In addition to traditional grocery offerings, Weis Markets provides pharmacy services in many of its locations, as well as in-store fuel centers at select sites.