JPMorgan Chase & Co. Decreases Stake in Weis Markets, Inc. (NYSE:WMK)

JPMorgan Chase & Co. decreased its position in Weis Markets, Inc. (NYSE:WMK) by 31.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,808 shares of the company’s stock after selling 15,692 shares during the period. JPMorgan Chase & Co. owned 0.13% of Weis Markets worth $2,330,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. DGS Capital Management LLC increased its stake in Weis Markets by 6.4% in the 3rd quarter. DGS Capital Management LLC now owns 6,148 shares of the company’s stock valued at $424,000 after buying an additional 369 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Weis Markets by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 434,964 shares of the company’s stock worth $29,987,000 after purchasing an additional 16,463 shares during the last quarter. Barclays PLC increased its stake in shares of Weis Markets by 354.5% during the 3rd quarter. Barclays PLC now owns 27,459 shares of the company’s stock worth $1,893,000 after purchasing an additional 21,418 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Weis Markets during the 3rd quarter worth approximately $243,000. Finally, Jane Street Group LLC increased its stake in shares of Weis Markets by 26.5% during the 3rd quarter. Jane Street Group LLC now owns 24,150 shares of the company’s stock worth $1,665,000 after purchasing an additional 5,056 shares during the last quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Weis Markets from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 7th.

Weis Markets Stock Down 0.6 %

Shares of WMK stock opened at $66.19 on Wednesday. The company has a 50 day moving average of $69.75 and a 200-day moving average of $68.51. Weis Markets, Inc. has a 12-month low of $58.87 and a 12-month high of $76.62. The firm has a market cap of $1.78 billion, a P/E ratio of 18.59 and a beta of 0.52.

Weis Markets (NYSE:WMK) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.96 EPS for the quarter. The company had revenue of $1.19 billion during the quarter. Weis Markets had a net margin of 2.01% and a return on equity of 6.85%.

Weis Markets Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 2.05%. The ex-dividend date was Tuesday, November 12th. Weis Markets’s dividend payout ratio (DPR) is presently 38.20%.

Weis Markets 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.