Hsbc Holdings PLC Buys Shares of 12,256 Weis Markets, Inc. $WMK

Hsbc Holdings PLC bought a new position in Weis Markets, Inc. (NYSE:WMK) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 12,256 shares of the company’s stock, valued at approximately $840,000.

Several other hedge funds also recently modified their holdings of the business. Royal Bank of Canada lifted its stake in shares of Weis Markets by 17.5% in the 1st quarter. Royal Bank of Canada now owns 8,120 shares of the company’s stock valued at $626,000 after purchasing an additional 1,212 shares during the last quarter. AQR Capital Management LLC increased its position in Weis Markets by 9.2% during the first quarter. AQR Capital Management LLC now owns 14,798 shares of the company’s stock worth $1,140,000 after buying an additional 1,242 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Weis Markets by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,775 shares of the company’s stock worth $753,000 after buying an additional 405 shares during the last quarter. Norges Bank bought a new position in Weis Markets during the second quarter valued at about $714,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Weis Markets by 107.0% in the second quarter. EverSource Wealth Advisors LLC now owns 356 shares of the company’s stock worth $26,000 after buying an additional 184 shares during the last quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Weis Markets from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy”.

Weis Markets Price Performance

Weis Markets stock opened at $77.81 on Thursday. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 18.89 and a beta of 0.45. Weis Markets, Inc. has a fifty-two week low of $59.99 and a fifty-two week high of $83.74. The firm has a fifty day moving average price of $77.50 and a two-hundred day moving average price of $72.27.

Weis Markets (NYSE:WMK) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $1.13 earnings per share (EPS) for the quarter. The company had revenue of $1.26 billion for the quarter. Weis Markets had a return on equity of 7.75% and a net margin of 2.09%.

Weis Markets Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Monday, July 27th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Monday, July 27th. This represents a $1.36 dividend on an annualized basis and a yield of 1.7%. Weis Markets’s dividend payout ratio (DPR) is 33.01%.

Weis Markets Profile

Weis Markets, Inc (NYSE: WMK) is a regional supermarket chain headquartered in Sunbury, Pennsylvania, operating more than 200 stores across the Mid-Atlantic and Eastern Seaboard. Founded in 1912 by Harry and Sigmund Weis as a small produce and egg business, the company has grown into a full-service grocer serving Pennsylvania, Maryland, New York, New Jersey, Delaware, Virginia, West Virginia and Ohio. Weis Markets offers a broad selection of products including fresh produce, bakery, deli, dairy, meat and seafood, alongside grocery, general merchandise and prepared foods.

In addition to traditional grocery offerings, Weis Markets provides pharmacy services in many of its locations, as well as in-store fuel centers at select sites.