Y Intercept Hong Kong Ltd Takes Position in Weis Markets, Inc. $WMK

Y Intercept Hong Kong Ltd bought a new stake in Weis Markets, Inc. (NYSE:WMK) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 32,824 shares of the company’s stock, valued at approximately $2,245,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WMK. EverSource Wealth Advisors LLC boosted 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 purchasing an additional 184 shares in the last quarter. Torren Management LLC acquired a new position in shares of Weis Markets in the 4th quarter worth approximately $26,000. Raymond James Financial Inc. bought a new position in shares of Weis Markets during the 2nd quarter worth approximately $55,000. Rockefeller Capital Management L.P. lifted its holdings in shares of Weis Markets by 78.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 772 shares of the company’s stock valued at $49,000 after acquiring an additional 340 shares during the period. Finally, Signaturefd LLC lifted its holdings in Weis Markets by 61.2% during the 4th quarter. Signaturefd LLC now owns 882 shares of the company’s stock valued at $57,000 after purchasing an additional 335 shares during the last quarter.

Weis Markets Price Performance

WMK stock opened at $79.20 on Thursday. The business has a fifty day moving average price of $75.46 and a 200 day moving average price of $70.97. Weis Markets, Inc. has a fifty-two week low of $59.99 and a fifty-two week high of $83.74. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of 19.22 and a beta of 0.45.

Weis Markets (NYSE:WMK) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $1.13 EPS for the quarter. The company had revenue of $1.26 billion for the quarter. Weis Markets had a return on equity of 7.75% and a net margin of 2.09%.

Weis Markets Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Monday, May 11th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, May 11th. Weis Markets’s payout ratio is currently 33.01%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Weis Markets from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

About Weis Markets

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.