Quadrature Capital Ltd Trims Holdings in Weis Markets, Inc. (NYSE:WMK)

Quadrature Capital Ltd lowered its stake in shares of Weis Markets, Inc. (NYSE:WMK) by 12.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,629 shares of the company’s stock after selling 494 shares during the period. Quadrature Capital Ltd’s holdings in Weis Markets were worth $232,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its stake in shares of Weis Markets by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,098,687 shares of the company’s stock valued at $134,233,000 after buying an additional 27,144 shares in the last quarter. Vanguard Group Inc. grew its position in Weis Markets by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,807,956 shares of the company’s stock valued at $113,901,000 after acquiring an additional 9,636 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Weis Markets by 8.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 337,929 shares of the company’s stock worth $21,614,000 after purchasing an additional 25,326 shares during the period. American Century Companies Inc. lifted its position in shares of Weis Markets by 4.7% during the third quarter. American Century Companies Inc. now owns 223,700 shares of the company’s stock worth $14,093,000 after purchasing an additional 10,053 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Weis Markets by 60.6% in the fourth quarter. Victory Capital Management Inc. now owns 121,225 shares of the company’s stock valued at $7,754,000 after purchasing an additional 45,745 shares during the period.

Weis Markets Stock Up 0.4 %

Shares of NYSE:WMK opened at $62.62 on Thursday. Weis Markets, Inc. has a fifty-two week low of $58.87 and a fifty-two week high of $71.42. The firm’s 50 day moving average price is $64.27 and its 200 day moving average price is $63.32. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 16.70 and a beta of 0.44.

Weis Markets (NYSE:WMK) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.86 earnings per share for the quarter. Weis Markets had a net margin of 2.14% and a return on equity of 7.40%. The business had revenue of $1.18 billion for the quarter.

Weis Markets Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.17%. The ex-dividend date was Friday, May 10th. Weis Markets’s dividend payout ratio (DPR) is presently 36.27%.

Insider Buying and Selling

In related news, Director Edward John Lauth III purchased 1,525 shares of the company’s stock in a transaction on Friday, May 10th. The shares were bought at an average cost of $64.98 per share, for a total transaction of $99,094.50. Following the completion of the purchase, the director now directly owns 1,525 shares of the company’s stock, valued at approximately $99,094.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 27.10% of the stock is owned by company insiders.

Analyst Ratings Changes

WMK has been the topic of several recent research reports. TheStreet raised shares of Weis Markets from a “c+” rating to a “b-” rating in a research note on Monday, March 18th. StockNews.com upgraded Weis Markets from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th.

Weis Markets Company Profile

Weis Markets, Inc engages in the retail sale of food through a chain of supermarkets 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, and fuel; and general merchandise items, such as health and beauty care, and household products.