Renaissance Technologies LLC Cuts Stake in Weis Markets, Inc. (NYSE:WMK)

Renaissance Technologies LLC reduced its stake in shares of Weis Markets, Inc. (NYSE:WMK) by 1.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 315,036 shares of the company’s stock after selling 4,200 shares during the period. Renaissance Technologies LLC owned 1.17% of Weis Markets worth $19,775,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. nVerses Capital LLC increased its position in Weis Markets by 100.0% during the 2nd quarter. nVerses Capital LLC now owns 400 shares of the company’s stock worth $25,000 after purchasing an additional 200 shares in the last quarter. GAMMA Investing LLC increased its position in Weis Markets by 228.7% during the 2nd quarter. GAMMA Investing LLC now owns 572 shares of the company’s stock worth $36,000 after purchasing an additional 398 shares in the last quarter. Innealta Capital LLC acquired a new stake in Weis Markets during the 2nd quarter worth approximately $50,000. Quest Partners LLC acquired a new stake in Weis Markets during the 4th quarter worth approximately $97,000. Finally, Meeder Asset Management Inc. acquired a new stake in Weis Markets during the 1st quarter worth approximately $114,000.

Weis Markets Stock Performance

WMK opened at $69.42 on Friday. The firm has a 50 day moving average price of $68.90 and a 200 day moving average price of $65.60. The company has a market cap of $1.87 billion, a PE ratio of 18.51 and a beta of 0.46. Weis Markets, Inc. has a 1 year low of $58.87 and a 1 year high of $76.62.

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

Weis Markets Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 12th. Shareholders of record on Monday, July 29th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend was Monday, July 29th. Weis Markets’s dividend payout ratio (DPR) is 36.27%.

About Weis Markets

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.