Northern Trust Corp Acquires 3,878 Shares of Weis Markets, Inc. (WMK)

Northern Trust Corp lifted its holdings in shares of Weis Markets, Inc. (NYSE:WMK) by 1.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 218,732 shares of the company’s stock after purchasing an additional 3,878 shares during the period. Northern Trust Corp’s holdings in Weis Markets were worth $11,667,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Bank of Montreal Can bought a new position in Weis Markets during the second quarter worth $130,000. United Services Automobile Association bought a new position in Weis Markets during the second quarter worth $213,000. Abacus Planning Group Inc. bought a new position in Weis Markets during the second quarter worth $222,000. Raymond James Financial Services Advisors Inc. bought a new position in Weis Markets during the second quarter worth $268,000. Finally, First Trust Advisors LP bought a new position in Weis Markets during the second quarter worth $307,000. Institutional investors own 35.31% of the company’s stock.

Separately, TheStreet downgraded shares of Weis Markets from a “b” rating to a “c+” rating in a research note on Monday, October 22nd.

Shares of NYSE WMK opened at $47.53 on Friday. Weis Markets, Inc. has a twelve month low of $33.87 and a twelve month high of $57.82. The firm has a market cap of $1.22 billion, a P/E ratio of 19.10 and a beta of 0.28.

Weis Markets (NYSE:WMK) last announced its earnings results on Friday, November 2nd. The company reported $0.53 earnings per share for the quarter. Weis Markets had a net margin of 3.23% and a return on equity of 6.37%. The business had revenue of $869.08 million during the quarter.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 26th. Investors of record on Friday, November 9th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend is Thursday, November 8th. This is an increase from Weis Markets’s previous quarterly dividend of $0.30.

WARNING: “Northern Trust Corp Acquires 3,878 Shares of Weis Markets, Inc. (WMK)” was first posted by WKRB News and is owned by of WKRB News. If you are reading this piece on another publication, it was copied illegally and reposted in violation of U.S. & international copyright & trademark law. The original version of this piece can be viewed at https://www.wkrb13.com/2018/11/09/northern-trust-corp-acquires-3878-shares-of-weis-markets-inc-wmk.html.

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.

Recommended Story: What is the yield curve?

Want to see what other hedge funds are holding WMK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Weis Markets, Inc. (NYSE:WMK).

Institutional Ownership by Quarter for Weis Markets (NYSE:WMK)

Receive News & Ratings for Weis Markets Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weis Markets and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply