California Public Employees Retirement System reduced its holdings in Weis Markets, Inc. (NYSE:WMK) by 41.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,700 shares of the company’s stock after selling 9,100 shares during the period. California Public Employees Retirement System’s holdings in Weis Markets were worth $619,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in WMK. Russell Investments Group Ltd. raised its stake 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 in the last quarter. Airain ltd purchased a new stake in shares of Weis Markets during the 2nd quarter worth about $248,000. IndexIQ Advisors LLC purchased a new stake in shares of Weis Markets during the 2nd quarter worth about $386,000. Nationwide Fund Advisors raised its stake in shares of Weis Markets by 5.1% during the 2nd quarter. Nationwide Fund Advisors now owns 8,821 shares of the company’s stock worth $430,000 after purchasing an additional 429 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Weis Markets by 11.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 9,010 shares of the company’s stock worth $440,000 after purchasing an additional 956 shares in the last quarter. 32.06% of the stock is owned by hedge funds and other institutional investors.

Shares of Weis Markets, Inc. (NYSE:WMK) opened at $36.88 on Monday. Weis Markets, Inc. has a one year low of $31.26 and a one year high of $68.88. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.80 and a current ratio of 1.91. The firm has a market capitalization of $992.00, a PE ratio of 13.13 and a beta of 0.68.

Weis Markets (NYSE:WMK) last posted its quarterly earnings results on Friday, November 3rd. The company reported $0.16 earnings per share for the quarter. Weis Markets had a return on equity of 8.13% and a net margin of 2.16%. The company had revenue of $854.26 million during the quarter.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, November 6th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend is Friday, November 3rd. Weis Markets’s dividend payout ratio (DPR) is presently 42.70%.

In related news, CFO Scott F. Frost acquired 600 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The shares were acquired at an average cost of $42.85 per share, with a total value of $25,710.00. Following the purchase, the chief financial officer now owns 1,961 shares of the company’s stock, valued at $84,028.85. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jonathan H. Weis acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was 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 in the company, valued at approximately $42,748,769.14. The disclosure for this purchase can be found here. Insiders have bought a total of 13,575 shares of company stock valued at $480,355 over the last ninety days. Company insiders own 26.90% of the company’s stock.

Separately, BidaskClub raised Weis Markets from a “strong sell” rating to a “sell” rating in a research note on Monday, August 14th.

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Weis Markets Company 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.

Institutional Ownership by Quarter for Weis Markets (NYSE:WMK)

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