Victory Capital Management Inc. Has $707,000 Stock Position in Weis Markets, Inc. (NYSE:WMK)

Victory Capital Management Inc. cut its holdings in shares of Weis Markets, Inc. (NYSE:WMK) by 84.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,271 shares of the company’s stock after selling 63,451 shares during the quarter. Victory Capital Management Inc.’s holdings in Weis Markets were worth $707,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of WMK. nVerses Capital LLC grew its holdings in shares of Weis Markets by 100.0% during the 2nd quarter. nVerses Capital LLC now owns 400 shares of the company’s stock valued at $25,000 after acquiring an additional 200 shares in the last quarter. GAMMA Investing LLC grew its stake in Weis Markets by 228.7% in the second quarter. GAMMA Investing LLC now owns 572 shares of the company’s stock valued at $36,000 after purchasing an additional 398 shares in the last quarter. Innealta Capital LLC acquired a new position in Weis Markets in the 2nd quarter worth about $50,000. Quest Partners LLC purchased a new stake in shares of Weis Markets during the 4th quarter worth about $97,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Weis Markets during the 1st quarter valued at about $114,000.

Weis Markets Stock Performance

NYSE:WMK opened at $69.41 on Friday. The company has a market capitalization of $1.87 billion, a P/E ratio of 18.51 and a beta of 0.46. The stock’s 50 day moving average price is $68.95 and its 200 day moving average price is $65.63. Weis Markets, Inc. has a 52 week low of $58.87 and a 52 week high of $76.62.

Weis Markets (NYSE:WMK) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.98 EPS for the quarter. Weis Markets had a net margin of 1.97% and a return on equity of 6.74%. The company had revenue of $1.18 billion for the quarter.

Weis Markets Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 12th. Shareholders of record on Monday, July 29th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Monday, July 29th. This represents a $1.36 annualized dividend and a yield of 1.96%. Weis Markets’s dividend payout ratio (DPR) is currently 36.27%.

Weis Markets 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.