105,011 Shares in Weis Markets, Inc. $WMK Purchased by Empowered Funds LLC

Empowered Funds LLC acquired a new stake in Weis Markets, Inc. (NYSE:WMK) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 105,011 shares of the company’s stock, valued at approximately $8,223,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in Weis Markets by 166.4% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 23,946 shares of the company’s stock worth $1,535,000 after acquiring an additional 14,958 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Weis Markets by 2,228.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 171,930 shares of the company’s stock valued at $11,758,000 after acquiring an additional 164,546 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in Weis Markets in the first quarter valued at $2,245,000. First Trust Advisors LP boosted its position in shares of Weis Markets by 50.2% during the 1st quarter. First Trust Advisors LP now owns 66,657 shares of the company’s stock worth $4,559,000 after purchasing an additional 22,286 shares in the last quarter. Finally, Martin & Co. Inc. TN acquired a new stake in shares of Weis Markets in the 2nd quarter worth approximately $2,344,000.

Weis Markets Price Performance

Shares of WMK opened at $71.19 on Friday. Weis Markets, Inc. has a 1-year low of $59.99 and a 1-year high of $83.74. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 17.67 and a beta of 0.45. The firm has a 50 day simple moving average of $75.88 and a 200-day simple moving average of $72.74.

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

Weis Markets Announces Dividend

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

Analyst Upgrades and Downgrades

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