ExodusPoint Capital Management LP Makes New $1.50 Million Investment in Weis Markets, Inc. (NYSE:WMK)

ExodusPoint Capital Management LP purchased a new position in Weis Markets, Inc. (NYSE:WMK) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 22,173 shares of the company’s stock, valued at approximately $1,502,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WMK. FMR LLC lifted its holdings in shares of Weis Markets by 22.3% in the third quarter. FMR LLC now owns 25,628 shares of the company’s stock valued at $1,767,000 after purchasing an additional 4,678 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Weis Markets by 26.5% in the third quarter. Jane Street Group LLC now owns 24,150 shares of the company’s stock valued at $1,665,000 after purchasing an additional 5,056 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Weis Markets in the third quarter valued at approximately $243,000. Barclays PLC lifted its holdings in shares of Weis Markets by 354.5% in the third quarter. Barclays PLC now owns 27,459 shares of the company’s stock valued at $1,893,000 after purchasing an additional 21,418 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Weis Markets by 3.9% in the third quarter. Geode Capital Management LLC now owns 434,964 shares of the company’s stock valued at $29,987,000 after purchasing an additional 16,463 shares in the last quarter.

Weis Markets Trading Up 5.6 %

Shares of Weis Markets stock opened at $80.73 on Thursday. The business’s fifty day simple moving average is $75.26 and its 200 day simple moving average is $70.70. The firm has a market capitalization of $2.17 billion, a P/E ratio of 22.68 and a beta of 0.67. Weis Markets, Inc. has a 12 month low of $60.39 and a 12 month high of $83.40.

Weis Markets (NYSE:WMK) last issued its earnings results on Tuesday, February 25th. The company reported $1.29 earnings per share (EPS) for the quarter. The firm had revenue of $1.23 billion for the quarter. Weis Markets had a return on equity of 6.85% and a net margin of 2.01%.

Weis Markets Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend was Tuesday, February 18th. Weis Markets’s dividend payout ratio (DPR) is presently 33.25%.

About Weis Markets

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.