Victory Capital Management Inc. Buys 3,121 Shares of Weis Markets, Inc. (WMK)
Victory Capital Management Inc. lifted its stake in shares of Weis Markets, Inc. (NYSE:WMK) by 32.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,863 shares of the company’s stock after purchasing an additional 3,121 shares during the period. Victory Capital Management Inc.’s holdings in Weis Markets were worth $560,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of WMK. Russell Investments Group Ltd. boosted its holdings in shares of Weis Markets by 8.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 2,980 shares of the company’s stock worth $145,000 after purchasing an additional 240 shares during the last quarter. Strs Ohio lifted its holdings in Weis Markets by 18.0% in the second quarter. Strs Ohio now owns 14,400 shares of the company’s stock valued at $701,000 after acquiring an additional 2,200 shares during the last quarter. Morgan Dempsey Capital Management LLC lifted its holdings in Weis Markets by 55.4% in the second quarter. Morgan Dempsey Capital Management LLC now owns 103,993 shares of the company’s stock valued at $5,067,000 after acquiring an additional 37,082 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Weis Markets by 23.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 75,227 shares of the company’s stock valued at $3,666,000 after acquiring an additional 14,303 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in Weis Markets by 35.7% in the second quarter. First Trust Advisors LP now owns 450,435 shares of the company’s stock valued at $21,945,000 after acquiring an additional 118,394 shares during the last quarter. Institutional investors and hedge funds own 32.06% of the company’s stock.
In other news, insider Jonathan H. Weis purchased 10,000 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were bought at an average cost of $34.79 per share, for a total transaction of $347,900.00. Following the completion of the purchase, the insider now directly owns 1,228,766 shares of the company’s stock, valued at $42,748,769.14. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Scott F. Frost purchased 600 shares of the firm’s stock in a transaction on Monday, September 18th. The shares were purchased at an average price of $42.85 per share, for a total transaction of $25,710.00. Following the completion of the purchase, the chief financial officer now directly owns 1,961 shares of the company’s stock, valued at $84,028.85. The disclosure for this purchase can be found here. Insiders have acquired 13,575 shares of company stock worth $480,355 over the last 90 days. 26.90% of the stock is owned by insiders.
Weis Markets, Inc. (WMK) traded down $0.86 on Friday, reaching $37.36. The company had a trading volume of 33,982 shares, compared to its average volume of 144,378. Weis Markets, Inc. has a 12-month low of $31.26 and a 12-month high of $68.88. The firm has a market capitalization of $1,004.91, a PE ratio of 13.30 and a beta of 0.68. The company has a quick ratio of 0.80, a current ratio of 1.91 and a debt-to-equity ratio of 0.06.
Weis Markets (NYSE:WMK) last released its quarterly earnings data on Friday, November 3rd. The company reported $0.16 EPS for the quarter. Weis Markets had a return on equity of 8.13% and a net margin of 2.16%. The firm had revenue of $854.26 million for the quarter.
The company also recently declared a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Monday, November 6th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date was Friday, November 3rd. Weis Markets’s dividend payout ratio (DPR) is 42.70%.
Separately, BidaskClub upgraded Weis Markets from a “strong sell” rating to a “sell” rating in a report on Monday, August 14th.
Weis Markets Profile
Weis Markets, Inc is engaged principally in the retail sale of food 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, fuel and general merchandise items, such as health and beauty care and household products.
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