Weis Markets, Inc. (WMK) Holdings Held by Dean Investment Associates LLC
Dean Investment Associates LLC maintained its position in shares of Weis Markets, Inc. (NYSE:WMK) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 60,035 shares of the company’s stock at the close of the 2nd quarter. Dean Investment Associates LLC owned about 0.22% of Weis Markets worth $3,581,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of WMK. First Trust Advisors LP increased its position in Weis Markets by 35.7% in the 2nd quarter. First Trust Advisors LP now owns 450,435 shares of the company’s stock valued at $21,945,000 after acquiring an additional 118,394 shares in the last quarter. Royce & Associates LP increased its position in Weis Markets by 3.6% in the 2nd quarter. Royce & Associates LP now owns 1,420,500 shares of the company’s stock valued at $69,207,000 after acquiring an additional 49,500 shares in the last quarter. Morgan Dempsey Capital Management LLC increased its position in Weis Markets by 55.4% in the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 103,993 shares of the company’s stock valued at $5,067,000 after acquiring an additional 37,082 shares in the last quarter. Bank of New York Mellon Corp increased its position in Weis Markets by 3.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 469,552 shares of the company’s stock valued at $22,876,000 after acquiring an additional 16,756 shares in the last quarter. Finally, Marshall Wace North America L.P. acquired a new stake in Weis Markets in the 2nd quarter valued at about $747,000. Hedge funds and other institutional investors own 32.01% of the company’s stock.
Shares of Weis Markets, Inc. (NYSE:WMK) traded down 0.60% during midday trading on Thursday, hitting $42.95. 9,641 shares of the stock traded hands. The firm’s 50-day moving average is $45.34 and its 200 day moving average is $52.62. Weis Markets, Inc. has a 52 week low of $41.30 and a 52 week high of $68.88. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 14.08 and a beta of 0.72.
Weis Markets (NYSE:WMK) last posted its earnings results on Wednesday, August 2nd. The company reported $0.69 EPS for the quarter. The firm had revenue of $876.57 million during the quarter. Weis Markets had a net margin of 2.42% and a return on equity of 8.89%.
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Separately, BidaskClub cut shares of Weis Markets from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 19th.
In related news, COO Kurt A. Schertle bought 1,000 shares of the company’s stock in a transaction dated Friday, August 11th. The stock was purchased at an average price of $45.47 per share, with a total value of $45,470.00. Following the completion of the acquisition, the chief operating officer now owns 1,000 shares of the company’s stock, valued at $45,470. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders bought 2,025 shares of company stock valued at $90,860 in the last three months. Company insiders own 26.90% of the company’s stock.
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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