Weis Markets, Inc. $WMK Shares Bought by Allianz Asset Management GmbH

Allianz Asset Management GmbH lifted its stake in shares of Weis Markets, Inc. (NYSE:WMK) by 9.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 167,413 shares of the company’s stock after acquiring an additional 14,576 shares during the quarter. Allianz Asset Management GmbH’s holdings in Weis Markets were worth $12,136,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of WMK. Exchange Traded Concepts LLC boosted its position in shares of Weis Markets by 1,258.8% in the 1st quarter. Exchange Traded Concepts LLC now owns 2,079 shares of the company’s stock valued at $160,000 after purchasing an additional 1,926 shares during the period. Contravisory Investment Management Inc. purchased a new stake in Weis Markets during the second quarter valued at about $222,000. Flagship Harbor Advisors LLC boosted its holdings in shares of Weis Markets by 12.5% in the first quarter. Flagship Harbor Advisors LLC now owns 3,404 shares of the company’s stock worth $262,000 after buying an additional 379 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in shares of Weis Markets by 5.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,378 shares of the company’s stock worth $317,000 after acquiring an additional 238 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new position in shares of Weis Markets in the first quarter worth approximately $331,000.

Weis Markets Price Performance

NYSE:WMK opened at $69.51 on Tuesday. The stock has a market cap of $1.72 billion, a PE ratio of 17.29 and a beta of 0.48. Weis Markets, Inc. has a fifty-two week low of $62.25 and a fifty-two week high of $90.23. The stock’s 50-day moving average is $71.15 and its two-hundred day moving average is $74.99.

Weis Markets (NYSE:WMK) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $1.01 earnings per share (EPS) for the quarter. Weis Markets had a net margin of 2.23% and a return on equity of 7.60%. The business had revenue of $1.21 billion during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Weis Markets in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

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.