Great Lakes Advisors LLC Invests $662,000 in Weis Markets, Inc. $WMK

Great Lakes Advisors LLC purchased a new position in shares of Weis Markets, Inc. (NYSE:WMK) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 8,453 shares of the company’s stock, valued at approximately $662,000.

A number of other hedge funds and other institutional investors have also modified their holdings of WMK. Torren Management LLC bought a new stake in Weis Markets in the fourth quarter worth $26,000. EverSource Wealth Advisors LLC raised its holdings in 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 in the last quarter. Versant Capital Management Inc raised its holdings in Weis Markets by 788.6% during 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 in the last quarter. GAMMA Investing LLC lifted its position in shares of Weis Markets by 45.9% in the second quarter. GAMMA Investing LLC now owns 461 shares of the company’s stock worth $36,000 after buying an additional 145 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in shares of Weis Markets by 78.7% in 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 during the last quarter.

Analyst Upgrades and Downgrades

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 equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

Weis Markets Price Performance

WMK stock opened at $70.96 on Friday. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 17.61 and a beta of 0.45. The company has a 50-day moving average of $76.57 and a two-hundred day moving average of $72.82. Weis Markets, Inc. has a 52-week low of $59.99 and a 52-week high of $83.74.

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

Weis Markets Announces Dividend

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

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.