Hsbc Holdings PLC Invests $1.37 Million in Weis Markets, Inc. $WMK

Hsbc Holdings PLC acquired a new position in Weis Markets, Inc. (NYSE:WMK) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 17,375 shares of the company’s stock, valued at approximately $1,368,000.

Other large investors have also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership grew its stake in shares of Weis Markets by 2,228.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 171,930 shares of the company’s stock worth $11,758,000 after purchasing an additional 164,546 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Weis Markets during the first quarter valued at about $2,245,000. First Trust Advisors LP lifted its holdings in Weis Markets by 50.2% in the first quarter. First Trust Advisors LP now owns 66,657 shares of the company’s stock worth $4,559,000 after purchasing an additional 22,286 shares during the period. Martin & Co. Inc. TN acquired a new stake in Weis Markets in the second quarter worth about $2,344,000. Finally, Landscape Capital Management L.L.C. bought a new position in Weis Markets in the 2nd quarter valued at about $2,743,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Weis Markets from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 13th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Weis Markets Stock Performance

WMK opened at $70.75 on Tuesday. The company has a market capitalization of $1.75 billion, a PE ratio of 17.56 and a beta of 0.45. The stock’s fifty day moving average is $75.73 and its 200-day moving average is $72.72. Weis Markets, Inc. has a one year low of $59.99 and a one year high of $83.74.

Weis Markets (NYSE:WMK) last released its earnings results on Tuesday, August 4th. The company reported $0.92 earnings per share (EPS) for the quarter. Weis Markets had a return on equity of 7.40% and a net margin of 1.99%.The firm had revenue of $1.28 billion for the quarter.

Weis Markets Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Monday, July 27th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Monday, July 27th. Weis Markets’s payout ratio is presently 33.75%.

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.