American Century Companies Inc. increased its stake in shares of Weis Markets, Inc. (NYSE:WMK – Free Report) by 12.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 199,349 shares of the company’s stock after acquiring an additional 21,787 shares during the quarter. American Century Companies Inc. owned about 0.74% of Weis Markets worth $16,879,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of WMK. Arizona State Retirement System grew its holdings in shares of Weis Markets by 2.7% during the first quarter. Arizona State Retirement System now owns 4,676 shares of the company’s stock worth $396,000 after purchasing an additional 122 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Weis Markets by 5.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,437 shares of the company’s stock worth $201,000 after buying an additional 135 shares during the last quarter. Franklin Resources Inc. increased its position in Weis Markets by 5.3% during the second quarter. Franklin Resources Inc. now owns 3,235 shares of the company’s stock worth $240,000 after buying an additional 162 shares during the period. SummerHaven Investment Management LLC lifted its stake in Weis Markets by 2.0% in the first quarter. SummerHaven Investment Management LLC now owns 10,368 shares of the company’s stock valued at $878,000 after buying an additional 202 shares during the last quarter. Finally, Money Concepts Capital Corp boosted its holdings in shares of Weis Markets by 3.2% in the fourth quarter. Money Concepts Capital Corp now owns 6,900 shares of the company’s stock valued at $568,000 after acquiring an additional 215 shares during the period.
Analyst Ratings Changes
Separately, StockNews.com initiated coverage on shares of Weis Markets in a report on Thursday, August 17th. They issued a “buy” rating on the stock.
Weis Markets Trading Down 1.9 %
Shares of WMK opened at $64.87 on Friday. Weis Markets, Inc. has a fifty-two week low of $58.75 and a fifty-two week high of $95.57. The firm has a 50-day simple moving average of $65.92 and a 200-day simple moving average of $73.06.
Weis Markets (NYSE:WMK – Get Free Report) last posted its quarterly earnings data on Monday, August 7th. The company reported $1.27 earnings per share for the quarter. The company had revenue of $1.18 billion during the quarter. Weis Markets had a return on equity of 8.96% and a net margin of 2.46%.
Weis Markets Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 21st. Investors of record on Monday, August 7th were given a $0.34 dividend. The ex-dividend date was Friday, August 4th. This represents a $1.36 dividend on an annualized basis and a yield of 2.10%. Weis Markets’s dividend payout ratio (DPR) is 31.12%.
Weis Markets Company 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.
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