AQR Capital Management LLC Makes New $813,000 Investment in Weis Markets, Inc. (NYSE:WMK)

AQR Capital Management LLC acquired a new stake in Weis Markets, Inc. (NYSE:WMK - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,948 shares of the company's stock, valued at approximately $813,000.

A number of other hedge funds have also recently modified their holdings of the company. nVerses Capital LLC boosted its stake in Weis Markets by 100.0% during the second quarter. nVerses Capital LLC now owns 400 shares of the company's stock worth $25,000 after buying an additional 200 shares during the period. GAMMA Investing LLC boosted its stake in Weis Markets by 228.7% during the second quarter. GAMMA Investing LLC now owns 572 shares of the company's stock worth $36,000 after buying an additional 398 shares during the period. Innealta Capital LLC purchased a new position in Weis Markets during the second quarter worth about $50,000. Canada Pension Plan Investment Board purchased a new position in Weis Markets during the second quarter worth about $82,000. Finally, Meeder Asset Management Inc. purchased a new position in Weis Markets during the first quarter worth about $114,000.

Weis Markets Stock Performance

Shares of WMK traded up $0.85 during mid-day trading on Friday, hitting $65.18. 49,496 shares of the company's stock were exchanged, compared to its average volume of 76,408. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 17.38 and a beta of 0.46. Weis Markets, Inc. has a fifty-two week low of $58.87 and a fifty-two week high of $76.62. The stock's 50-day moving average is $67.22 and its 200-day moving average is $65.92.

Weis Markets (NYSE:WMK - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.98 earnings per share (EPS) for the quarter. The business had revenue of $1.18 billion for the quarter. Weis Markets had a net margin of 1.97% and a return on equity of 6.74%.

Weis Markets Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 12th. Stockholders of record on Monday, July 29th were given a dividend of $0.34 per share. The ex-dividend date was Monday, July 29th. This represents a $1.36 annualized dividend and a dividend yield of 2.09%. Weis Markets's dividend payout ratio is presently 36.27%.

Weis Markets Profile

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.