Millennium Management LLC Lowers Stock Position in Weis Markets, Inc. (NYSE:WMK)

Millennium Management LLC trimmed its stake in Weis Markets, Inc. (NYSE:WMK - Free Report) by 43.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 58,447 shares of the company's stock after selling 45,609 shares during the period. Millennium Management LLC owned approximately 0.22% of Weis Markets worth $3,669,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Capital Investment Counsel Inc grew its position in Weis Markets by 3.6% during the second quarter. Capital Investment Counsel Inc now owns 4,332 shares of the company's stock valued at $272,000 after acquiring an additional 150 shares during the last quarter. nVerses Capital LLC grew its position in Weis Markets by 100.0% during the second quarter. nVerses Capital LLC now owns 400 shares of the company's stock valued at $25,000 after acquiring an additional 200 shares during the last quarter. SummerHaven Investment Management LLC grew its position in Weis Markets by 2.1% during the second quarter. SummerHaven Investment Management LLC now owns 11,584 shares of the company's stock valued at $727,000 after acquiring an additional 233 shares during the last quarter. Hsbc Holdings PLC grew its position in Weis Markets by 1.3% during the second quarter. Hsbc Holdings PLC now owns 19,606 shares of the company's stock valued at $1,229,000 after acquiring an additional 247 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC grew its position in Weis Markets by 1.8% during the second quarter. Linden Thomas Advisory Services LLC now owns 14,765 shares of the company's stock valued at $927,000 after acquiring an additional 268 shares during the last quarter.

Weis Markets Price Performance

NYSE WMK traded down $0.71 on Monday, reaching $64.48. 48,421 shares of the company's stock traded hands, compared to its average volume of 89,478. Weis Markets, Inc. has a 12 month low of $58.87 and a 12 month high of $76.62. The stock has a market cap of $1.73 billion, a PE ratio of 17.38 and a beta of 0.46. The stock has a 50-day simple moving average of $67.22 and a 200 day simple moving average of $65.92.

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

Weis Markets Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 12th. Investors of record on Monday, July 29th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date was Monday, July 29th. Weis Markets's payout ratio is 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.