Denali Advisors LLC Sells 1,400 Shares of Weis Markets, Inc. (NYSE:WMK)

Denali Advisors LLC lessened its holdings in Weis Markets, Inc. (NYSE:WMK) by 6.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,000 shares of the company’s stock after selling 1,400 shares during the period. Denali Advisors LLC owned about 0.07% of Weis Markets worth $1,255,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Capital Investment Counsel Inc raised its holdings in shares of Weis Markets by 3.6% in the 2nd quarter. Capital Investment Counsel Inc now owns 4,332 shares of the company’s stock worth $272,000 after acquiring an additional 150 shares during the last quarter. nVerses Capital LLC raised its holdings in shares of Weis Markets by 100.0% in the 2nd 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. SummerHaven Investment Management LLC raised its holdings in shares of Weis Markets by 2.1% in the 2nd quarter. SummerHaven Investment Management LLC now owns 11,584 shares of the company’s stock worth $727,000 after acquiring an additional 233 shares during the last quarter. Linden Thomas Advisory Services LLC raised its holdings in shares of Weis Markets by 1.8% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 14,765 shares of the company’s stock worth $927,000 after acquiring an additional 268 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Weis Markets by 228.7% in the 2nd quarter. GAMMA Investing LLC now owns 572 shares of the company’s stock worth $36,000 after acquiring an additional 398 shares during the last quarter.

Weis Markets Price Performance

WMK opened at $70.22 on Tuesday. Weis Markets, Inc. has a fifty-two week low of $58.87 and a fifty-two week high of $76.62. The firm has a market capitalization of $1.89 billion, a PE ratio of 18.73 and a beta of 0.46. The company’s 50-day moving average is $68.35 and its 200 day moving average is $65.45.

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

Weis Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 12th. Shareholders of record on Monday, July 29th were paid a $0.34 dividend. The ex-dividend date was Monday, July 29th. This represents a $1.36 annualized dividend and a yield of 1.94%. Weis Markets’s dividend payout ratio (DPR) is 36.27%.

Weis Markets Company 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.