Quest Partners LLC Raises Holdings in Weis Markets, Inc. (NYSE:WMK)

Quest Partners LLC grew its stake in shares of Weis Markets, Inc. (NYSE:WMK) by 135.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,793 shares of the company’s stock after acquiring an additional 4,481 shares during the quarter. Quest Partners LLC’s holdings in Weis Markets were worth $489,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Russell Investments Group Ltd. grew its position in Weis Markets by 7.7% in the 4th quarter. Russell Investments Group Ltd. now owns 15,688 shares of the company’s stock worth $1,003,000 after purchasing an additional 1,118 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Weis Markets by 8.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 337,929 shares of the company’s stock worth $21,614,000 after buying an additional 25,326 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Weis Markets by 32.9% in the fourth quarter. BNP Paribas Financial Markets now owns 16,597 shares of the company’s stock worth $1,062,000 after acquiring an additional 4,105 shares during the period. Jump Financial LLC purchased a new stake in Weis Markets during the fourth quarter valued at $243,000. Finally, Dimensional Fund Advisors LP lifted its holdings in 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 acquiring an additional 27,144 shares during the period.

Weis Markets Stock Performance

Shares of NYSE:WMK opened at $67.61 on Friday. The stock’s 50-day simple moving average is $68.19 and its two-hundred day simple moving average is $65.32. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of 18.03 and a beta of 0.46. Weis Markets, Inc. has a 52-week low of $58.87 and a 52-week high of $76.62.

Weis Markets (NYSE:WMK) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.98 earnings per share (EPS) for the quarter. The company had revenue of $1.18 billion for the quarter. Weis Markets had a net margin of 1.97% and a return on equity of 6.74%.

Weis Markets Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 12th. Stockholders of record on Monday, July 29th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date was Monday, July 29th. Weis Markets’s payout ratio is 36.27%.

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.