Empowered Funds LLC Purchases 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% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 119,507 shares of the company’s stock after buying an additional 6,840 shares during the quarter. Empowered Funds LLC owned 0.48% of Weis Markets worth $8,173,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WMK. Universal Beteiligungs und Servicegesellschaft mbH raised its position in shares of Weis Markets by 166.4% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 23,946 shares of the company’s stock worth $1,535,000 after purchasing an additional 14,958 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of Weis Markets in the 1st quarter valued at approximately $2,245,000. Tudor Investment Corp ET AL bought a new stake in Weis Markets during the 3rd quarter worth approximately $7,122,000. UBS Group AG increased its stake in 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 purchasing an additional 169,787 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Weis Markets by 2,228.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 171,930 shares of the company’s stock worth $11,758,000 after buying an additional 164,546 shares during the period.

Weis Markets Trading Down 0.4%

WMK stock opened at $77.36 on Friday. The stock has a 50-day moving average price of $77.71 and a two-hundred day moving average price of $72.39. The stock has a market cap of $1.91 billion, a PE ratio of 18.78 and a beta of 0.45. Weis Markets, Inc. has a 1 year low of $59.99 and a 1 year high of $83.74.

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

Weis Markets Announces Dividend

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Weis Markets from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Weis Markets has a consensus rating of “Buy”.

Weis Markets 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.