Citadel Advisors LLC grew its holdings in Weis Markets, Inc. (NYSE:WMK) by 85.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,714 shares of the company’s stock after purchasing an additional 4,468 shares during the period. Citadel Advisors LLC’s holdings in Weis Markets were worth $423,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in WMK. First Trust Advisors LP increased its stake in Weis Markets by 35.7% in the second quarter. First Trust Advisors LP now owns 450,435 shares of the company’s stock worth $21,945,000 after purchasing an additional 118,394 shares during the period. Dimensional Fund Advisors LP increased its stake in Weis Markets by 7.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,092,999 shares of the company’s stock worth $53,251,000 after purchasing an additional 77,804 shares during the period. Royce & Associates LP increased its stake in Weis Markets by 3.6% in the second quarter. Royce & Associates LP now owns 1,420,500 shares of the company’s stock worth $69,207,000 after purchasing an additional 49,500 shares during the period. Renaissance Technologies LLC increased its stake in Weis Markets by 5.6% in the second quarter. Renaissance Technologies LLC now owns 637,600 shares of the company’s stock worth $31,064,000 after purchasing an additional 33,800 shares during the period. Finally, Vanguard Group Inc. increased its stake in Weis Markets by 3.2% in the second quarter. Vanguard Group Inc. now owns 1,001,136 shares of the company’s stock worth $48,775,000 after purchasing an additional 31,203 shares during the period. Institutional investors and hedge funds own 31.91% of the company’s stock.
Separately, TheStreet lowered Weis Markets from a “b-” rating to a “c” rating in a research note on Friday, December 8th.
Weis Markets, Inc. (NYSE:WMK) traded down $0.16 during mid-day trading on Wednesday, reaching $41.22. The company’s stock had a trading volume of 61,300 shares, compared to its average volume of 93,084. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.80 and a current ratio of 1.91. Weis Markets, Inc. has a twelve month low of $31.26 and a twelve month high of $68.88. The stock has a market capitalization of $1,113.04, a price-to-earnings ratio of 14.73 and a beta of 0.69.
Weis Markets (NYSE:WMK) last released its earnings results on Friday, November 3rd. The company reported $0.16 earnings per share for the quarter. Weis Markets had a return on equity of 8.13% and a net margin of 2.16%. The business had revenue of $854.26 million for the quarter.
The company also recently declared a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Monday, November 6th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $1.20 annualized dividend and a dividend yield of 2.91%. Weis Markets’s dividend payout ratio is currently 42.70%.
In other news, Director Edward John Lauth III purchased 2,000 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were purchased at an average price of $34.77 per share, for a total transaction of $69,540.00. Following the completion of the purchase, the director now owns 5,000 shares in the company, valued at approximately $173,850. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Scott F. Frost purchased 600 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were purchased at an average price of $42.85 per share, for a total transaction of $25,710.00. Following the purchase, the chief financial officer now owns 1,961 shares of the company’s stock, valued at approximately $84,028.85. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 13,200 shares of company stock worth $463,814. Insiders own 26.90% of the company’s stock.
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Weis Markets Company Profile
Weis Markets, Inc is engaged principally in the retail sale of food 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, fuel and general merchandise items, such as health and beauty care and household products.
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