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SUNBURY, PA—Patricia G. Ross, a significant shareholder of Weis Markets Inc . (NYSE:WMK), has sold a substantial portion of her holdings in the company, according to a recent SEC filing. The transactions, which took place on June 6, 2025, involved the sale of 2,154,846 shares of common stock at a price of $65 per share, totaling approximately $140 million. The stock currently trades at $76.70, representing an 18% increase from the transaction price. InvestingPro data shows the company maintains strong financial health with a "GOOD" overall rating.
Following these transactions, Ross retains direct ownership of 1,750 shares. Additionally, the filing notes that Ross no longer holds beneficial ownership of shares previously held by a marital trust. The shares were sold in two separate transactions, with 232,100 shares disposed of directly and 1,921,746 shares disposed of through indirect ownership. The company, valued at $2.07 billion, has maintained dividend payments for 55 consecutive years and holds more cash than debt on its balance sheet.
The transactions were executed under the oversight of Jonathan H. Weis, acting as the executor of the estate of Patricia R. Weis. With a current ratio of 2.47, the company maintains strong liquidity, and its YTD return stands at 12.25%. Discover more detailed financial insights and additional ProTips by visiting InvestingPro.
In other recent news, Weis Markets, Inc. announced the buyback of 2,153,846 shares from the Patricia R. Weis Marital Trust and The Patricia G. Ross Weis Revocable Trust at a price of $65 per share, totaling $140 million. This transaction was conducted at a discount compared to recent trading values and was funded through available cash and proceeds from the sale of marketable securities. The share repurchase is part of an agreement to assist the Weis family in meeting estate tax obligations, with the family retaining a controlling interest in the company. Additionally, Weis Markets held its annual meeting where shareholders elected five director nominees and ratified RSM US LLP as the independent registered public accounting firm for fiscal year 2025. The election results showed strong support for the nominees, with no votes cast against them. The ratification of the accounting firm was also overwhelmingly approved. These developments reflect ongoing corporate governance practices and shareholder confidence in Weis Markets’ management.
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