Landscape Capital Management L.L.C. Takes $2.74 Million Position in Weis Markets, Inc. $WMK

Landscape Capital Management L.L.C. bought a new position in shares of Weis Markets, Inc. (NYSE:WMK) in the second quarter, HoldingsChannel reports. The institutional investor bought 35,025 shares of the company’s stock, valued at approximately $2,743,000.

Several other large investors have also made changes to their positions in the company. Royal Bank of Canada increased its position in Weis Markets by 17.5% in the first quarter. Royal Bank of Canada now owns 8,120 shares of the company’s stock worth $626,000 after purchasing an additional 1,212 shares during the period. AQR Capital Management LLC lifted its position in Weis Markets by 9.2% during the 1st quarter. AQR Capital Management LLC now owns 14,798 shares of the company’s stock valued at $1,140,000 after purchasing an additional 1,242 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Weis Markets by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,775 shares of the company’s stock valued at $753,000 after purchasing an additional 405 shares during the period. Norges Bank acquired a new position in Weis Markets during the 2nd quarter valued at about $714,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Weis Markets by 107.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 356 shares of the company’s stock valued at $26,000 after purchasing an additional 184 shares during the last quarter.

Weis Markets Stock Performance

Shares of Weis Markets stock opened at $70.96 on Friday. The firm has a fifty day moving average of $76.57 and a two-hundred day moving average of $72.82. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 17.61 and a beta of 0.45. Weis Markets, Inc. has a 52 week low of $59.99 and a 52 week high of $83.74.

Weis Markets (NYSE:WMK) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.92 earnings per share for the quarter. Weis Markets had a return on equity of 7.40% and a net margin of 1.99%.The company had revenue of $1.28 billion for the quarter.

Weis Markets Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Monday, July 27th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Monday, July 27th. Weis Markets’s dividend payout ratio is currently 33.75%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Weis Markets from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy”.

About Weis Markets

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.