First Manhattan Co. maintained its position in Weis Markets, Inc. (NYSE:WMK) during the second quarter, Holdings Channel reports. The institutional investor owned 4,400 shares of the company’s stock at the end of the second quarter. First Manhattan Co.’s holdings in Weis Markets were worth $214,000 at the end of the most recent quarter.
Separately, Russell Investments Group Ltd. increased its position in Weis Markets by 8.8% in the second quarter. Russell Investments Group Ltd. now owns 2,980 shares of the company’s stock valued at $145,000 after buying an additional 240 shares in the last quarter. 30.88% of the stock is owned by hedge funds and other institutional investors.
Weis Markets, Inc. (NYSE WMK) opened at 44.90 on Friday. Weis Markets, Inc. has a 1-year low of $43.88 and a 1-year high of $68.88. The company has a 50-day moving average of $47.43 and a 200 day moving average of $55.31. The stock has a market cap of $1.21 billion, a P/E ratio of 14.72 and a beta of 0.70.
Weis Markets (NYSE:WMK) last posted its earnings results on Wednesday, August 2nd. The company reported $0.69 EPS for the quarter. Weis Markets had a net margin of 2.42% and a return on equity of 8.95%. The company had revenue of $876.57 million for the quarter.
The business also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Monday, July 31st will be given a $0.30 dividend. The ex-dividend date is Thursday, July 27th. This represents a $1.20 dividend on an annualized basis and a yield of 2.67%. Weis Markets’s payout ratio is currently 39.34%.
Separately, BidaskClub raised shares of Weis Markets from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th.
About Weis Markets
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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