3,880 Shares in Weis Markets, Inc. $WMK Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd purchased a new stake in Weis Markets, Inc. (NYSE:WMK) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,880 shares of the company’s stock, valued at approximately $281,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Jump Financial LLC acquired a new position in Weis Markets in the 1st quarter valued at $536,000. Virtu Financial LLC acquired a new position in shares of Weis Markets during the first quarter worth about $341,000. Vanguard Group Inc. increased its stake in shares of Weis Markets by 1.1% during the first quarter. Vanguard Group Inc. now owns 1,863,084 shares of the company’s stock worth $143,551,000 after acquiring an additional 20,202 shares during the period. Brandywine Global Investment Management LLC purchased a new position in Weis Markets during the first quarter worth about $7,255,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Weis Markets by 1.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 424,476 shares of the company’s stock valued at $32,706,000 after purchasing an additional 4,200 shares during the period.

Weis Markets Trading Up 2.0%

WMK stock opened at $65.72 on Wednesday. The company’s 50-day moving average price is $67.92 and its 200 day moving average price is $71.79. Weis Markets, Inc. has a 52 week low of $61.53 and a 52 week high of $90.23. The company has a market cap of $1.63 billion, a P/E ratio of 16.35 and a beta of 0.45.

Weis Markets (NYSE:WMK) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.74 earnings per share (EPS) for the quarter. The company had revenue of $1.24 billion during the quarter. Weis Markets had a net margin of 2.23% and a return on equity of 7.60%.

Weis Markets Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Monday, November 10th were issued a $0.34 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.36 annualized dividend and a yield of 2.1%. Weis Markets’s dividend payout ratio is 35.79%.

Insider Buying and Selling at Weis Markets

In other news, COO Robert G. Gleeson purchased 500 shares of the company’s stock in a transaction dated Friday, November 7th. The stock was acquired at an average price of $65.51 per share, for a total transaction of $32,755.00. Following the completion of the transaction, the chief operating officer directly owned 1,000 shares in the company, valued at $65,510. This represents a 100.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 27.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Weis Markets in a research report on Thursday, October 30th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Weis Markets presently has a consensus rating of “Hold”.

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.