Semanteon Capital Management LP Takes $584,000 Position in Weis Markets, Inc. (NYSE:WMK)

Semanteon Capital Management LP purchased a new position in Weis Markets, Inc. (NYSE:WMK) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 8,621 shares of the company’s stock, valued at approximately $584,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WMK. Victory Capital Management Inc. grew its stake in Weis Markets by 79.8% in the third quarter. Victory Capital Management Inc. now owns 20,261 shares of the company’s stock worth $1,397,000 after purchasing an additional 8,990 shares during the period. Prospera Private Wealth LLC purchased a new stake in Weis Markets in the third quarter worth $44,000. Charles Schwab Investment Management Inc. grew its stake in Weis Markets by 3.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 402,797 shares of the company’s stock worth $27,765,000 after purchasing an additional 13,946 shares during the period. FMR LLC grew its stake in Weis Markets by 22.3% in the third quarter. FMR LLC now owns 25,628 shares of the company’s stock worth $1,767,000 after purchasing an additional 4,678 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Weis Markets by 61.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,649 shares of the company’s stock worth $252,000 after purchasing an additional 1,391 shares during the period.

Weis Markets Stock Down 3.2 %

Shares of WMK stock opened at $76.02 on Friday. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 21.35 and a beta of 0.53. The business’s fifty day moving average is $71.81 and its 200 day moving average is $69.76. Weis Markets, Inc. has a twelve month low of $60.39 and a twelve month high of $83.09.

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

Weis Markets Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend was Tuesday, February 18th. Weis Markets’s dividend payout ratio (DPR) is 33.25%.

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.