Weis Markets, Inc. (NYSE:WMK) Holdings Raised by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company increased its position in shares of Weis Markets, Inc. (NYSE:WMK) by 3.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,257 shares of the company’s stock after purchasing an additional 299 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Weis Markets were worth $581,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its holdings in shares of Weis Markets by 0.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,143,192 shares of the company’s stock worth $134,528,000 after purchasing an additional 7,856 shares during the period. American Century Companies Inc. lifted its holdings in Weis Markets by 29.1% in the second quarter. American Century Companies Inc. now owns 334,324 shares of the company’s stock worth $20,986,000 after acquiring an additional 75,395 shares during the last quarter. Bank of New York Mellon Corp boosted 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 acquiring an additional 4,625 shares during the period. GSA Capital Partners LLP grew its holdings in shares of Weis Markets by 22.3% during the first quarter. GSA Capital Partners LLP now owns 51,614 shares of the company’s stock valued at $3,324,000 after purchasing an additional 9,427 shares during the last quarter. Finally, Squarepoint Ops LLC raised its position in shares of Weis Markets by 23.8% during the 2nd quarter. Squarepoint Ops LLC now owns 34,326 shares of the company’s stock worth $2,155,000 after purchasing an additional 6,598 shares during the period.

Weis Markets Trading Up 1.3 %

Shares of NYSE WMK opened at $65.24 on Wednesday. Weis Markets, Inc. has a 12-month low of $58.87 and a 12-month high of $76.62. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 17.40 and a beta of 0.46. The stock’s 50 day simple moving average is $67.05 and its 200 day simple moving average is $65.92.

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 return on equity of 6.74% and a net margin of 1.97%. The company had revenue of $1.18 billion for the quarter.

Weis Markets Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 12th. Shareholders of record on Monday, July 29th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.08%. 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.