Weis Markets, Inc. (NYSE:WMK) Shares Acquired by Covestor Ltd

Covestor Ltd grew its stake in Weis Markets, Inc. (NYSE:WMK) by 40.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,420 shares of the company’s stock after purchasing an additional 691 shares during the quarter. Covestor Ltd’s holdings in Weis Markets were worth $156,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC grew its position in shares of Weis Markets by 6,300.0% during the 4th quarter. International Assets Investment Management LLC now owns 384 shares of the company’s stock valued at $25,000 after buying an additional 378 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of Weis Markets by 93.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 425 shares of the company’s stock valued at $27,000 after buying an additional 205 shares during the last quarter. Quest Partners LLC bought a new stake in shares of Weis Markets during the 4th quarter valued at about $97,000. Meeder Asset Management Inc. bought a new stake in shares of Weis Markets during the 1st quarter valued at about $114,000. Finally, SG Americas Securities LLC bought a new stake in shares of Weis Markets during the 4th quarter valued at about $163,000.

Weis Markets Price Performance

Shares of NYSE:WMK traded up $0.23 during trading on Tuesday, reaching $72.17. 17,504 shares of the company’s stock traded hands, compared to its average volume of 95,110. Weis Markets, Inc. has a 12 month low of $58.87 and a 12 month high of $72.40. The stock has a market capitalization of $1.94 billion, a P/E ratio of 19.18 and a beta of 0.46. The company has a 50 day moving average of $64.89 and a 200-day moving average of $63.42.

Weis Markets (NYSE:WMK) last posted its earnings results on Wednesday, May 8th. The company reported $0.86 EPS for the quarter. Weis Markets had a net margin of 2.14% and a return on equity of 7.40%. The firm had revenue of $1.18 billion during the quarter.

Weis Markets Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 12th. Shareholders of record on Monday, July 29th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.88%. The ex-dividend date is Monday, July 29th. Weis Markets’s dividend payout ratio (DPR) is 36.27%.

Insiders Place Their Bets

In other news, Director Edward John Lauth III bought 1,525 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was purchased at an average price of $64.98 per share, for a total transaction of $99,094.50. Following the transaction, the director now owns 1,525 shares in the company, valued at $99,094.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 27.10% of the stock is owned by insiders.

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.