Maverick Capital Ltd. Trims Holdings in Weis Markets, Inc. $WMK

Maverick Capital Ltd. decreased its position in shares of Weis Markets, Inc. (NYSE:WMK) by 79.8% in the first quarter, HoldingsChannel reports. The firm owned 9,908 shares of the company’s stock after selling 39,261 shares during the quarter. Maverick Capital Ltd.’s holdings in Weis Markets were worth $678,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Torren Management LLC acquired a new position in Weis Markets in the 4th quarter worth approximately $26,000. EverSource Wealth Advisors LLC lifted its stake in Weis Markets by 107.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 356 shares of the company’s stock valued at $26,000 after acquiring an additional 184 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in shares of Weis Markets by 78.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 772 shares of the company’s stock valued at $49,000 after acquiring an additional 340 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Weis Markets in the 2nd quarter valued at $55,000. Finally, Signaturefd LLC increased its stake in shares of Weis Markets by 61.2% in the fourth quarter. Signaturefd LLC now owns 882 shares of the company’s stock worth $57,000 after acquiring an additional 335 shares during the period.

Weis Markets Stock Up 2.6%

Shares of WMK opened at $76.67 on Wednesday. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 18.61 and a beta of 0.45. Weis Markets, Inc. has a 52 week low of $59.99 and a 52 week high of $83.74. The stock’s 50-day moving average price is $77.39 and its 200-day moving average price is $72.18.

Weis Markets (NYSE:WMK) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $1.13 earnings per share (EPS) for the quarter. Weis Markets had a return on equity of 7.75% and a net margin of 2.09%.The company had revenue of $1.26 billion during the quarter.

Weis Markets Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Monday, July 27th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Monday, July 27th. Weis Markets’s payout ratio is currently 33.01%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Weis Markets from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 2nd. One analyst has rated the stock with a Buy rating, According to MarketBeat, Weis Markets presently has an average rating of “Buy”.

Weis Markets Profile

Weis Markets, Inc (NYSE: WMK) is a regional supermarket chain headquartered in Sunbury, Pennsylvania, operating more than 200 stores across the Mid-Atlantic and Eastern Seaboard. Founded in 1912 by Harry and Sigmund Weis as a small produce and egg business, the company has grown into a full-service grocer serving Pennsylvania, Maryland, New York, New Jersey, Delaware, Virginia, West Virginia and Ohio. Weis Markets offers a broad selection of products including fresh produce, bakery, deli, dairy, meat and seafood, alongside grocery, general merchandise and prepared foods.

In addition to traditional grocery offerings, Weis Markets provides pharmacy services in many of its locations, as well as in-store fuel centers at select sites.