Maverick Capital Ltd. Takes $3.85 Million Position in Weis Markets, Inc. $WMK

Maverick Capital Ltd. bought a new position in shares of Weis Markets, Inc. (NYSE:WMK) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 53,049 shares of the company’s stock, valued at approximately $3,846,000.

Several other large investors also recently modified their holdings of WMK. EverSource Wealth Advisors LLC increased its holdings in Weis Markets by 107.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 356 shares of the company’s stock valued at $26,000 after purchasing an additional 184 shares during the period. AlphaQuest LLC grew its position in shares of Weis Markets by 5.2% in the 2nd quarter. AlphaQuest LLC now owns 2,938 shares of the company’s stock worth $213,000 after buying an additional 144 shares during the last quarter. Contravisory Investment Management Inc. purchased a new position in shares of Weis Markets during the second quarter valued at approximately $222,000. Police & Firemen s Retirement System of New Jersey raised its holdings in shares of Weis Markets by 9.7% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 3,715 shares of the company’s stock valued at $269,000 after acquiring an additional 330 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Weis Markets during the second quarter valued at approximately $281,000.

Weis Markets Stock Performance

Weis Markets stock opened at $67.57 on Friday. Weis Markets, Inc. has a fifty-two week low of $61.53 and a fifty-two week high of $90.23. The stock’s 50 day simple moving average is $66.63 and its two-hundred day simple moving average is $71.07. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 17.78 and a beta of 0.45.

Weis Markets (NYSE:WMK) last announced its earnings results on Tuesday, November 4th. The company reported $0.74 earnings per share (EPS) for the quarter. The firm had revenue of $1.24 billion during the quarter. Weis Markets had a return on equity of 7.16% and a net margin of 2.05%.

Weis Markets Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Monday, November 10th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.36 annualized dividend and a yield of 2.0%. Weis Markets’s dividend payout ratio (DPR) is currently 35.79%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Weis Markets in a report on Thursday, October 30th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Insider Buying and Selling

In other Weis Markets news, COO Robert G. Gleeson bought 500 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were purchased at an average price of $65.51 per share, for a total transaction of $32,755.00. Following the acquisition, the chief operating officer owned 1,000 shares in the company, valued at approximately $65,510. This represents a 100.00% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 27.00% of the company’s stock.

Weis Markets Company Profile

Weis Markets, Inc engages in the retail sale of food through a chain of supermarkets 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.