BlackRock Discloses Significant Stake in Weis Markets (WMK)

TL;DR

**BlackRock just revealed a big stake in Weis Markets, signaling institutional confidence.**

AI Summary

BlackRock Inc. filed an SC 13G on February 2, 2024, disclosing its ownership of Weis Markets Inc. common stock as of December 31, 2023. This filing indicates that BlackRock, a major institutional investor, holds a significant stake in the grocery chain. For investors, this matters because large institutional ownership can signal confidence in a company's long-term prospects and can influence stock stability due to less frequent trading by such large holders.

Why It Matters

This filing shows a major institutional investor, BlackRock, has a notable position in Weis Markets, which can be seen as a vote of confidence in the company's stability and future performance.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of institutional ownership and does not indicate any immediate negative risks to the company or its stock.

Analyst Insight

A smart investor would note BlackRock's institutional ownership as a potential indicator of stability for Weis Markets, but would still conduct their own fundamental analysis before making investment decisions.

Key Players & Entities

• BlackRock Inc. (company) — reporting person, institutional investor
• WEIS MARKETS INC (company) — subject company, grocery store chain
• December 31, 2023 (date) — date of event requiring filing
• February 2, 2024 (date) — filing date
• 948849104 (number) — CUSIP Number for Weis Markets Inc. Common Stock

Forward-Looking Statements

• BlackRock will maintain its position in Weis Markets Inc. for the foreseeable future. (BlackRock Inc.) — medium confidence, target: December 31, 2024

FAQ

From the Filing

0001086364-24-006288.txt : 20240202 0001086364-24-006288.hdr.sgml : 20240202 20240202155730 ACCESSION NUMBER: 0001086364-24-006288 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240202 DATE AS OF CHANGE: 20240202 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WEIS MARKETS INC CENTRAL INDEX KEY: 0000105418 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-GROCERY STORES [5411] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 240755415 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-13039 FILM NUMBER: 24591151 BUSINESS ADDRESS: STREET 1: 1000 S SECOND ST STREET 2: PO BOX 471 CITY: SUNBURY STATE: PA ZIP: 17801 BUSINESS PHONE: 570-286-4571 MAIL ADDRESS: STREET 1: 1000 S SECOND ST STREET 2: PO BOX 471 CITY: SUNBURY STATE: PA ZIP: 17801 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G 1 us9488491047_020224.txt us9488491047_020224.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: ) WEIS MARKETS INC -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 948849104 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 948849104 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 1314384 (6) Shared voting power 0 (7) Sole dispositive power 1358435 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 1358435 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 5.1% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- WEIS MARKETS INC Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 1000 S. Second Street P.O. Box 471 Sunbury PA 17801 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or, if none, residence: ------------------