Empowered Funds LLC Acquires 6,840 Shares of Weis Markets, Inc. $WMK

Empowered Funds LLC increased its holdings in shares of Weis Markets, Inc. (NYSE:WMK) by 6.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 119,507 shares of the company’s stock after purchasing an additional 6,840 shares during the quarter. Empowered Funds LLC’s holdings in Weis Markets were worth $8,173,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Weis Markets by 166.4% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 23,946 shares of the company’s stock valued at $1,535,000 after buying an additional 14,958 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Weis Markets during the 1st quarter worth about $2,245,000. Tudor Investment Corp ET AL acquired a new position in shares of Weis Markets during the 3rd quarter worth about $7,122,000. UBS Group AG boosted its stake in shares of Weis Markets by 601.4% during the 4th quarter. UBS Group AG now owns 198,020 shares of the company’s stock worth $12,691,000 after buying an additional 169,787 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Weis Markets by 2,228.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 171,930 shares of the company’s stock valued at $11,758,000 after acquiring an additional 164,546 shares in the last quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Weis Markets from a “hold (c+)” rating to a “buy (b-)” rating in a research 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 Stock Down 0.4%

Shares of Weis Markets stock opened at $77.36 on Friday. The stock has a market cap of $1.91 billion, a P/E ratio of 18.78 and a beta of 0.45. Weis Markets, Inc. has a 12-month low of $59.99 and a 12-month high of $83.74. The business’s 50 day moving average is $77.71 and its 200-day moving average is $72.39.

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

Weis Markets Dividend Announcement

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

Weis Markets Company 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.