Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Weis Markets, Inc. (NYSE:WMK - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,080 shares of the company's stock, valued at approximately $344,000.
A number of other institutional investors and hedge funds have also made changes to their positions in WMK. Proficio Capital Partners LLC bought a new position in Weis Markets during the 4th quarter worth $1,169,000. Barclays PLC boosted its holdings in shares of Weis Markets by 354.5% during the third quarter. Barclays PLC now owns 27,459 shares of the company's stock valued at $1,893,000 after acquiring an additional 21,418 shares during the period. Empowered Funds LLC grew its position in shares of Weis Markets by 521.2% during the fourth quarter. Empowered Funds LLC now owns 69,309 shares of the company's stock worth $4,694,000 after acquiring an additional 58,151 shares during the last quarter. Versor Investments LP acquired a new stake in shares of Weis Markets in the 4th quarter worth about $235,000. Finally, Geode Capital Management LLC increased its holdings in shares of Weis Markets by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 434,964 shares of the company's stock worth $29,987,000 after acquiring an additional 16,463 shares during the period.
Weis Markets Trading Up 3.2 %
Weis Markets stock traded up $2.42 during midday trading on Thursday, reaching $77.96. 68,715 shares of the stock traded hands, compared to its average volume of 83,961. The firm has a fifty day moving average price of $72.33 and a two-hundred day moving average price of $69.94. Weis Markets, Inc. has a fifty-two week low of $60.39 and a fifty-two week high of $83.09. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 21.90 and a beta of 0.53.
Weis Markets (NYSE:WMK - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $1.29 earnings per share (EPS) for the quarter. Weis Markets had a return on equity of 6.85% and a net margin of 2.01%. The business had revenue of $1.23 billion during the quarter.
Weis Markets Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.74%. The ex-dividend date was Tuesday, February 18th. Weis Markets's payout ratio is currently 33.25%.
Weis Markets Profile
(
Free Report)
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.
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