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SUNBURY, Pa.—The Patricia R. Weis Marital Trust, a significant shareholder of Weis Markets Inc . (NYSE:WMK), a $2.06 billion market cap grocery chain with a strong financial health rating according to InvestingPro, has sold a substantial portion of its holdings in the company. According to a recent SEC filing, the trust disposed of 1,921,746 shares of common stock on June 6, 2025, at a price of $65 per share. This transaction amounted to a total sale value of approximately $124.9 million. The stock has shown resilience with a 12.25% gain year-to-date, currently trading at $76.55.
Following the sale, the trust continues to hold 4,051,383 shares of Weis Markets. The transaction was executed under the signature of Jonathan H. Weis, acting as trustee. The company maintains strong liquidity with a current ratio of 2.47 and has consistently paid dividends for 55 consecutive years. Get more detailed insights and exclusive financial metrics with InvestingPro.
In other recent news, Weis Markets, Inc. announced a significant share buyback, acquiring 2,153,846 of its own shares at $65 each, totaling $140 million. This transaction was conducted privately with trusts connected to the Weis family and was executed at a discount compared to recent trading values. The buyback is part of an agreement to assist the Weis family in meeting estate tax obligations, while the family retains a controlling interest in the company. Additionally, at the company’s annual meeting, shareholders elected five director nominees and ratified RSM US LLP as the independent registered public accounting firm for fiscal year 2025. The directors elected include Jonathan H. Weis and others, with overwhelming support from shareholders. The ratification of the accounting firm was also strongly supported, reflecting shareholder confidence in the company’s management. These developments highlight key financial and governance actions taken by Weis Markets.
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