UBS Group AG Has $12.69 Million Holdings in Weis Markets, Inc. $WMK

UBS Group AG raised its holdings in Weis Markets, Inc. (NYSE:WMK) by 601.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 198,020 shares of the company’s stock after acquiring an additional 169,787 shares during the period. UBS Group AG owned about 0.80% of Weis Markets worth $12,691,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of WMK. EverSource Wealth Advisors LLC lifted its holdings in shares of Weis Markets by 107.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 356 shares of the company’s stock valued at $26,000 after purchasing an additional 184 shares in the last quarter. Martin & Co. Inc. TN increased its stake in Weis Markets by 0.7% during the 3rd quarter. Martin & Co. Inc. TN now owns 28,686 shares of the company’s stock worth $2,062,000 after purchasing an additional 204 shares in the last quarter. Osaic Holdings Inc. raised its holdings in Weis Markets by 16.4% during the 2nd quarter. Osaic Holdings Inc. now owns 1,591 shares of the company’s stock worth $115,000 after buying an additional 224 shares during the period. CANADA LIFE ASSURANCE Co raised its holdings in Weis Markets by 4.3% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 6,876 shares of the company’s stock worth $500,000 after buying an additional 284 shares during the period. Finally, Oppenheimer & Co. Inc. lifted its stake in Weis Markets by 7.5% in the third quarter. Oppenheimer & Co. Inc. now owns 4,300 shares of the company’s stock valued at $309,000 after buying an additional 300 shares in the last quarter.

Weis Markets Price Performance

WMK opened at $71.09 on Friday. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 17.25 and a beta of 0.46. The business’s 50-day moving average price is $68.44 and its two-hundred day moving average price is $67.88. Weis Markets, Inc. has a 1 year low of $59.99 and a 1 year high of $79.05.

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

Weis Markets Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Monday, May 11th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Monday, May 11th. This represents a $1.36 dividend on an annualized basis and a yield of 1.9%. Weis Markets’s dividend payout ratio is 33.01%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Weis Markets in a report on Friday, April 24th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

About Weis Markets

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.