ExodusPoint Capital Management LP Invests $1.50 Million in Weis Markets, Inc. (NYSE:WMK)

ExodusPoint Capital Management LP bought a new position in shares of Weis Markets, Inc. (NYSE:WMK - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 22,173 shares of the company's stock, valued at approximately $1,502,000. ExodusPoint Capital Management LP owned 0.08% of Weis Markets at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its position in shares of Weis Markets by 32.8% in the 4th quarter. Blue Trust Inc. now owns 858 shares of the company's stock valued at $59,000 after buying an additional 212 shares during the last quarter. DGS Capital Management LLC increased its position in Weis Markets by 6.4% during the 3rd quarter. DGS Capital Management LLC now owns 6,148 shares of the company's stock valued at $424,000 after purchasing an additional 369 shares during the period. Teacher Retirement System of Texas raised its holdings in Weis Markets by 11.6% during the 4th quarter. Teacher Retirement System of Texas now owns 8,108 shares of the company's stock worth $549,000 after purchasing an additional 840 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of Weis Markets by 19.9% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 6,693 shares of the company's stock worth $453,000 after purchasing an additional 1,111 shares during the period. Finally, AlphaQuest LLC lifted its position in shares of Weis Markets by 30.7% in the 4th quarter. AlphaQuest LLC now owns 5,061 shares of the company's stock worth $343,000 after purchasing an additional 1,189 shares during the period.

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Weis Markets Price Performance

Shares of WMK traded down $1.44 during trading hours on Tuesday, hitting $80.17. 5,434 shares of the stock were exchanged, compared to its average volume of 89,274. Weis Markets, Inc. has a fifty-two week low of $60.91 and a fifty-two week high of $83.40. The business has a 50-day moving average of $76.00 and a 200-day moving average of $70.99. The firm has a market capitalization of $2.16 billion, a P/E ratio of 22.52 and a beta of 0.67.

Weis Markets (NYSE:WMK - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $1.29 earnings per share for the quarter. Weis Markets had a return on equity of 6.85% and a net margin of 2.01%. The firm had revenue of $1.23 billion during the quarter.

Weis Markets Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend was Tuesday, February 18th. Weis Markets's payout ratio is 33.25%.

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.