Jefferies Financial Group Inc. Takes $1.46 Million Position in Weis Markets, Inc. $WMK

Jefferies Financial Group Inc. purchased a new position in Weis Markets, Inc. (NYSE:WMK) during the second quarter, HoldingsChannel.com reports. The fund purchased 18,700 shares of the company’s stock, valued at approximately $1,464,000.

Other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in Weis Markets by 45.9% in the 2nd quarter. GAMMA Investing LLC now owns 461 shares of the company’s stock worth $36,000 after purchasing an additional 145 shares in the last quarter. Royal Bank of Canada grew its position in shares of Weis Markets by 6.5% during the 4th quarter. Royal Bank of Canada now owns 2,528 shares of the company’s stock valued at $162,000 after purchasing an additional 155 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Weis Markets by 107.0% during 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 in the last quarter. Osaic Holdings Inc. increased its holdings in shares of Weis Markets by 16.4% in the second quarter. Osaic Holdings Inc. now owns 1,591 shares of the company’s stock worth $115,000 after purchasing an additional 224 shares during the period. Finally, Rafferty Asset Management LLC increased its holdings in shares of Weis Markets by 6.2% in the fourth quarter. Rafferty Asset Management LLC now owns 4,847 shares of the company’s stock worth $311,000 after purchasing an additional 284 shares during the period.

Weis Markets Stock Performance

Shares of NYSE:WMK opened at $71.19 on Friday. The firm has a market capitalization of $1.76 billion, a PE ratio of 17.67 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. The firm has a fifty day moving average of $75.88 and a 200 day moving average of $72.74.

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

Weis Markets Dividend Announcement

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Weis Markets from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Weis Markets currently has a consensus rating of “Buy”.

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.