Hsbc Holdings PLC Buys New Shares in Weis Markets, Inc. $WMK

Hsbc Holdings PLC purchased a new stake in Weis Markets, Inc. (NYSE:WMK) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,256 shares of the company’s stock, valued at approximately $840,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Money Concepts Capital Corp increased its holdings in shares of Weis Markets by 15.6% during the 1st quarter. Money Concepts Capital Corp now owns 7,349 shares of the company’s stock worth $503,000 after purchasing an additional 990 shares during the period. DGS Capital Management LLC lifted its stake in shares of Weis Markets by 34.2% in the first quarter. DGS Capital Management LLC now owns 9,433 shares of the company’s stock valued at $645,000 after buying an additional 2,405 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in Weis Markets during the first quarter worth about $2,245,000. Rockefeller Capital Management L.P. grew its position in Weis Markets by 78.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 772 shares of the company’s stock worth $49,000 after buying an additional 340 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new position in Weis Markets during the fourth quarter valued at about $237,000.

Weis Markets Price Performance

Shares of Weis Markets stock opened at $77.81 on Thursday. The firm has a market capitalization of $1.93 billion, a PE ratio of 18.89 and a beta of 0.45. The company’s fifty day moving average price is $77.50 and its two-hundred day moving average price is $72.27. Weis Markets, Inc. has a 52-week low of $59.99 and a 52-week high of $83.74.

Weis Markets (NYSE:WMK) last released its quarterly earnings data on Wednesday, May 6th. The company reported $1.13 EPS for the quarter. Weis Markets had a net margin of 2.09% and a return on equity of 7.75%. The company had revenue of $1.26 billion during the quarter.

Weis Markets Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Monday, July 27th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Monday, July 27th. Weis Markets’s dividend payout ratio is 33.01%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Weis Markets from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 2nd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Weis Markets Profile

Weis Markets, Inc (NYSE: WMK) is a regional supermarket chain headquartered in Sunbury, Pennsylvania, operating more than 200 stores across the Mid-Atlantic and Eastern Seaboard. Founded in 1912 by Harry and Sigmund Weis as a small produce and egg business, the company has grown into a full-service grocer serving Pennsylvania, Maryland, New York, New Jersey, Delaware, Virginia, West Virginia and Ohio. Weis Markets offers a broad selection of products including fresh produce, bakery, deli, dairy, meat and seafood, alongside grocery, general merchandise and prepared foods.

In addition to traditional grocery offerings, Weis Markets provides pharmacy services in many of its locations, as well as in-store fuel centers at select sites.