Dimensional Fund Advisors LP Boosts Stock Holdings in Weis Markets, Inc. (NYSE:WMK)

Dimensional Fund Advisors LP lifted its holdings in Weis Markets, Inc. (NYSE:WMK) by 0.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,143,192 shares of the company’s stock after purchasing an additional 7,856 shares during the period. Dimensional Fund Advisors LP owned about 7.97% of Weis Markets worth $134,528,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its holdings 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 buying an additional 25,326 shares during the period. American Century Companies Inc. boosted its position in Weis Markets by 29.1% during the second quarter. American Century Companies Inc. now owns 334,324 shares of the company’s stock valued at $20,986,000 after purchasing an additional 75,395 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Weis Markets by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 302,346 shares of the company’s stock valued at $18,978,000 after purchasing an additional 4,625 shares during the last quarter. Norges Bank bought a new position in Weis Markets in the fourth quarter worth about $6,997,000. Finally, Allianz Asset Management GmbH lifted its position in shares of Weis Markets by 1.5% during the fourth quarter. Allianz Asset Management GmbH now owns 57,387 shares of the company’s stock valued at $3,670,000 after buying an additional 845 shares during the last quarter.

Weis Markets Stock Down 2.7 %

Shares of Weis Markets stock opened at $69.41 on Friday. The company has a market cap of $1.87 billion, a P/E ratio of 18.51 and a beta of 0.46. The firm’s 50 day moving average price is $68.95 and its 200-day moving average price is $65.63. Weis Markets, Inc. has a 52-week low of $58.87 and a 52-week high of $76.62.

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

Weis Markets Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 12th. Shareholders of record on Monday, July 29th were issued 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 is presently 36.27%.

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.