Bank of New York Mellon Corp lifted its position in Weis Markets, Inc. (NYSE:WMK) by 0.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 404,905 shares of the company’s stock after buying an additional 2,836 shares during the period. Bank of New York Mellon Corp owned approximately 1.51% of Weis Markets worth $21,597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently added to or reduced their stakes in WMK. Dimensional Fund Advisors LP raised its holdings in Weis Markets by 15.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,399,842 shares of the company’s stock valued at $57,366,000 after acquiring an additional 183,572 shares during the period. Northern Trust Corp increased its holdings in shares of Weis Markets by 0.6% in the first quarter. Northern Trust Corp now owns 214,854 shares of the company’s stock worth $8,805,000 after purchasing an additional 1,221 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Weis Markets by 29.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 152,272 shares of the company’s stock worth $6,241,000 after purchasing an additional 34,339 shares during the last quarter. Lesa Sroufe & Co bought a new stake in shares of Weis Markets in the second quarter worth about $4,469,000. Finally, Wells Fargo & Company MN increased its holdings in shares of Weis Markets by 6.1% in the first quarter. Wells Fargo & Company MN now owns 68,529 shares of the company’s stock worth $2,808,000 after purchasing an additional 3,961 shares during the last quarter. Hedge funds and other institutional investors own 35.14% of the company’s stock.
WMK traded up $0.70 on Monday, hitting $42.19. The company had a trading volume of 89,900 shares, compared to its average volume of 106,232. The firm has a market cap of $1.17 billion, a P/E ratio of 21.59 and a beta of 0.46. Weis Markets, Inc. has a 12-month low of $31.26 and a 12-month high of $57.82.
Weis Markets (NYSE:WMK) last released its quarterly earnings results on Friday, August 3rd. The company reported $0.71 EPS for the quarter. The company had revenue of $871.10 million during the quarter. Weis Markets had a return on equity of 5.49% and a net margin of 2.97%.
Weis Markets Profile
Weis Markets, Inc engages in the retail sale of food 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.
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