Weis Markets, Inc. (NYSE:WMK) Shares Acquired by SummerHaven Investment Management LLC

SummerHaven Investment Management LLC boosted its position in shares of Weis Markets, Inc. (NYSE:WMK) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,200 shares of the company’s stock after purchasing an additional 170 shares during the period. SummerHaven Investment Management LLC’s holdings in Weis Markets were worth $716,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its stake in shares of Weis Markets by 580.9% during the third quarter. Victory Capital Management Inc. now owns 75,480 shares of the company’s stock valued at $4,755,000 after acquiring an additional 64,395 shares in the last quarter. Greenspring Advisors LLC acquired a new stake in Weis Markets during the 4th quarter valued at approximately $2,750,000. Charles Schwab Investment Management Inc. grew its stake in Weis Markets by 6.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 312,603 shares of the company’s stock valued at $19,694,000 after purchasing an additional 17,918 shares in the last quarter. Semanteon Capital Management LP purchased a new stake in Weis Markets during the 4th quarter worth approximately $985,000. Finally, Trexquant Investment LP acquired a new position in shares of Weis Markets in the 3rd quarter valued at approximately $926,000.

Weis Markets Price Performance

Shares of Weis Markets stock opened at $63.58 on Tuesday. The business has a 50-day moving average price of $63.20 and a 200 day moving average price of $62.99. Weis Markets, Inc. has a fifty-two week low of $58.75 and a fifty-two week high of $83.32.

Weis Markets (NYSE:WMK) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.76 EPS for the quarter. Weis Markets had a net margin of 2.21% and a return on equity of 7.69%. The firm had revenue of $1.21 billion during the quarter.

Weis Markets Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 4th. Investors of record on Monday, February 19th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $1.36 annualized dividend and a yield of 2.14%. Weis Markets’s dividend payout ratio (DPR) is 35.32%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on WMK shares. StockNews.com raised shares of Weis Markets from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th. TheStreet raised shares of Weis Markets from a “c+” rating to a “b-” rating in a report on Monday, March 18th.

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.