Prospera Financial Services Inc has acquired a new stake in the shares of Weis Markets, Inc. (NYSE: WMK – Get a rating) in the first quarter, according to the company in its latest filing with the Securities and Exchange Commission. The institutional investor acquired 378 shares of the company, valued at approximately $27,000.
A number of other institutional investors and hedge funds have also recently changed their holdings in WMK. Teacher Retirement System of Texas bought a new equity stake from Weis Markets in the fourth quarter at a value of $223,000. DekaBank Deutsche Girozentrale increased its holdings of Weis Markets shares by 50.3% in the first quarter. DekaBank Deutsche Girozentrale now owns 4,144 shares of the company valued at $299,000 after buying an additional 1,386 shares last quarter. Alberta Investment Management Corp bought a new stake in shares of Weis Markets in the fourth quarter worth $1,226,000. Qube Research & Technologies Ltd bought a new stake in shares of Weis Markets in the fourth quarter worth $907,000. Finally, Aurora Investment Counsel increased its holdings of Weis Markets shares by 30.0% in the fourth quarter. Aurora Investment Counsel now owns 11,824 shares of the company valued at $779,000 after purchasing an additional 2,731 shares in the last quarter. Institutional investors and hedge funds hold 38.34% of the company’s shares.
Weis Markets stock up 1.4%
WMK opened at $80.92 on Friday. Weis Markets, Inc. has a 12-month low of $52.01 and a 12-month high of $86.75. The company has a market capitalization of $2.18 billion, a P/E ratio of 18.31 and a beta of 0.14. The stock has a fifty-day moving average of $76.38 and a 200-day moving average of $74.00.
Weis Markets (NYSE: WMK – Get a rating) last released its quarterly results on Monday, August 1. The company reported earnings per share of $1.35 for the quarter. Weis Markets posted a net margin of 2.69% and a return on equity of 9.64%. The company posted revenue of $1.14 billion for the quarter.
Weis Markets increases its dividend
The company also recently declared a quarterly dividend, which was paid on Monday, August 8. Shareholders of record on Monday, July 25 received a dividend of $0.32. The ex-dividend date was Friday, July 22. This is an increase from Weis Markets’ previous quarterly dividend of $0.31. This represents a dividend of $1.28 on an annualized basis and a dividend yield of 1.58%. Weis Markets’ dividend payout ratio is 28.96%.
Wall Street analysts predict growth
Separately, StockNews.com upgraded Weis Markets from a “buy” rating to a “strong buy” rating in a Saturday, May 14 report.
Profile of Weis Markets
Weis Markets, Inc engages in the retail sale of food products through a chain of supermarkets in Pennsylvania and surrounding states. The Company’s retail food stores sell groceries, dairy products, frozen foods, meat, seafood, fresh produce, flowers, pharmacy services, deli meats, prepared foods, baked goods, beer and wine, and fuel; and general merchandise items, such as health and beauty care, and household products.
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