Brandes Investment Partners LP Acquires 2,236 Shares of Weis Markets, Inc. (NYSE:WMK)

Brandes Investment Partners LP raised its stake in shares of Weis Markets, Inc. (NYSE:WMK) by 38.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,997 shares of the company’s stock after purchasing an additional 2,236 shares during the period. Brandes Investment Partners LP’s holdings in Weis Markets were worth $502,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. nVerses Capital LLC raised its position in shares of Weis Markets by 100.0% during the second quarter. nVerses Capital LLC now owns 400 shares of the company’s stock worth $25,000 after acquiring an additional 200 shares during the last quarter. GAMMA Investing LLC raised its holdings in Weis Markets by 228.7% during the 2nd quarter. GAMMA Investing LLC now owns 572 shares of the company’s stock worth $36,000 after purchasing an additional 398 shares during the last quarter. Innealta Capital LLC acquired a new position in shares of Weis Markets in the 2nd quarter worth approximately $50,000. Canada Pension Plan Investment Board bought a new stake in shares of Weis Markets in the 2nd quarter valued at $82,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Weis Markets during the first quarter worth $114,000.

Weis Markets Stock Up 0.2 %

WMK stock opened at $68.93 on Tuesday. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 18.38 and a beta of 0.46. The company’s fifty day simple moving average is $68.74 and its 200 day simple moving average is $65.79. Weis Markets, Inc. has a 12-month low of $58.87 and a 12-month high of $76.62.

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

Weis Markets Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 12th. Shareholders of record on Monday, July 29th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.97%. The ex-dividend date was Monday, July 29th. Weis Markets’s dividend payout ratio (DPR) is presently 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.