Man Group plc Makes New $1.57 Million Investment in Weis Markets, Inc. $WMK

Man Group plc acquired a new position in Weis Markets, Inc. (NYSE:WMK) during the second quarter, HoldingsChannel reports. The institutional investor acquired 20,068 shares of the company’s stock, valued at approximately $1,572,000.

Several other hedge funds have also recently made changes to their positions in WMK. EverSource Wealth Advisors LLC raised its holdings in shares of Weis Markets by 107.0% during the second quarter. EverSource Wealth Advisors LLC now owns 356 shares of the company’s stock valued at $26,000 after acquiring an additional 184 shares in the last quarter. Versant Capital Management Inc boosted its holdings in Weis Markets by 788.6% in the second quarter. Versant Capital Management Inc now owns 391 shares of the company’s stock valued at $31,000 after acquiring an additional 347 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Weis Markets by 45.9% in the second quarter. GAMMA Investing LLC now owns 461 shares of the company’s stock valued at $36,000 after acquiring an additional 145 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in Weis Markets by 78.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 772 shares of the company’s stock valued at $49,000 after acquiring an additional 340 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Weis Markets during the 2nd quarter valued at $55,000.

Weis Markets Price Performance

Shares of WMK opened at $70.34 on Thursday. The company has a 50-day simple moving average of $75.35 and a two-hundred day simple moving average of $72.70. The firm has a market capitalization of $1.74 billion, a PE ratio of 17.45 and a beta of 0.43. Weis Markets, Inc. has a one year low of $59.99 and a one year high of $83.74.

Weis Markets (NYSE:WMK) last posted its earnings results on Tuesday, August 4th. The company reported $0.92 earnings per share for the quarter. Weis Markets had a return on equity of 7.40% and a net margin of 1.99%.The firm had revenue of $1.28 billion for the quarter.

Weis Markets Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Monday, July 27th were given a dividend of $0.34 per share. The ex-dividend date was Monday, July 27th. This represents a $1.36 annualized dividend and a dividend yield of 1.9%. Weis Markets’s payout ratio is currently 33.75%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of Weis Markets from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Weis Markets currently has a consensus rating of “Buy”.

Weis Markets Company 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.