Contravisory Investment Management Inc. Invests $222,000 in Weis Markets, Inc. $WMK

Contravisory Investment Management Inc. bought a new position in Weis Markets, Inc. (NYSE:WMK) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 3,069 shares of the company’s stock, valued at approximately $222,000.

Several other large investors have also recently modified their holdings of WMK. Deutsche Bank AG increased its stake in shares of Weis Markets by 12.7% in the fourth quarter. Deutsche Bank AG now owns 41,502 shares of the company’s stock worth $2,811,000 after purchasing an additional 4,673 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Weis Markets by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,370 shares of the company’s stock worth $635,000 after purchasing an additional 367 shares in the last quarter. State of Wyoming purchased a new position in shares of Weis Markets in the fourth quarter worth about $104,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Weis Markets by 18.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 33,750 shares of the company’s stock worth $2,286,000 after purchasing an additional 5,199 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Weis Markets by 8,730.3% in the first quarter. GAMMA Investing LLC now owns 15,718 shares of the company’s stock worth $1,211,000 after purchasing an additional 15,540 shares in the last quarter.

Weis Markets Stock Up 0.0%

WMK opened at $72.04 on Friday. The firm has a 50-day moving average price of $72.94 and a 200-day moving average price of $76.18. Weis Markets, Inc. has a twelve month low of $62.25 and a twelve month high of $90.23. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 17.92 and a beta of 0.49.

Weis Markets (NYSE:WMK) last released its quarterly earnings data on Wednesday, August 6th. The company reported $1.01 EPS for the quarter. Weis Markets had a net margin of 2.23% and a return on equity of 7.60%. The company had revenue of $1.21 billion during the quarter.

Weis Markets Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 11th. Shareholders of record on Monday, July 28th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Monday, July 28th. This represents a $1.36 annualized dividend and a dividend yield of 1.9%. Weis Markets’s dividend payout ratio (DPR) is 33.83%.

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.