Semanteon Capital Management LP Acquires New Holdings in Weis Markets, Inc. (NYSE:WMK)

Semanteon Capital Management LP bought a new position in shares of Weis Markets, Inc. (NYSE:WMK) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,397 shares of the company’s stock, valued at approximately $985,000. Semanteon Capital Management LP owned 0.06% of Weis Markets as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Weis Markets by 4.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,684 shares of the company’s stock valued at $236,000 after purchasing an additional 171 shares during the last quarter. Inspire Investing LLC grew its stake in shares of Weis Markets by 3.7% during the third quarter. Inspire Investing LLC now owns 5,592 shares of the company’s stock worth $352,000 after acquiring an additional 198 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Weis Markets by 93.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 425 shares of the company’s stock valued at $27,000 after acquiring an additional 205 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Weis Markets by 6,300.0% in the 4th quarter. International Assets Investment Management LLC now owns 384 shares of the company’s stock valued at $25,000 after purchasing an additional 378 shares during the last quarter. Finally, Arizona State Retirement System boosted its stake in Weis Markets by 9.8% in the 3rd quarter. Arizona State Retirement System now owns 4,978 shares of the company’s stock worth $314,000 after purchasing an additional 445 shares in the last quarter.

Analyst Ratings Changes

A number of research analysts have issued reports on WMK shares. TheStreet raised shares of Weis Markets from a “c+” rating to a “b-” rating in a report on Monday, March 18th. StockNews.com upgraded Weis Markets from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th.

Weis Markets Price Performance

NYSE:WMK traded down $0.67 during midday trading on Thursday, hitting $63.67. The company’s stock had a trading volume of 91,758 shares, compared to its average volume of 101,361. Weis Markets, Inc. has a fifty-two week low of $58.75 and a fifty-two week high of $84.04. The firm’s 50 day moving average is $63.13 and its 200-day moving average is $63.01.

Weis Markets (NYSE:WMK) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.76 earnings per share for the quarter. The firm had revenue of $1.21 billion for the quarter. Weis Markets had a net margin of 2.21% and a return on equity of 7.69%.

Weis Markets Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 4th. Stockholders of record on Monday, February 19th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend was Thursday, February 15th. Weis Markets’s dividend payout ratio (DPR) is 35.32%.

About Weis Markets

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.