Semanteon Capital Management LP Acquires New Position in Weis Markets, Inc. (NYSE:WMK)

Semanteon Capital Management LP acquired a new stake in shares of Weis Markets, Inc. (NYSE:WMK) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 8,621 shares of the company’s stock, valued at approximately $584,000.

A number of other large investors also recently modified their holdings of the company. Teacher Retirement System of Texas increased its stake in Weis Markets by 11.6% in the 4th quarter. Teacher Retirement System of Texas now owns 8,108 shares of the company’s stock worth $549,000 after purchasing an additional 840 shares during the period. Brandes Investment Partners LP increased its stake in Weis Markets by 18.0% in the 4th quarter. Brandes Investment Partners LP now owns 10,945 shares of the company’s stock worth $741,000 after purchasing an additional 1,670 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Weis Markets in the 4th quarter worth approximately $344,000. PFG Advisors purchased a new position in Weis Markets in the 4th quarter worth approximately $219,000. Finally, AlphaQuest LLC increased its stake in Weis Markets by 30.7% in the 4th quarter. AlphaQuest LLC now owns 5,061 shares of the company’s stock worth $343,000 after purchasing an additional 1,189 shares during the period.

Weis Markets Price Performance

Shares of Weis Markets stock opened at $76.02 on Friday. The business’s 50 day simple moving average is $71.81 and its two-hundred day simple moving average is $69.76. The stock has a market capitalization of $2.04 billion, a P/E ratio of 21.35 and a beta of 0.53. Weis Markets, Inc. has a one year low of $60.39 and a one year high of $83.09.

Weis Markets (NYSE:WMK) last announced its quarterly 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 Dividend Announcement

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