BlackRock Amends Weis Markets Stake as of Jan 31, 2024

Ticker: WMK · Form: SC 13G/A · Filed: 2024-02-07T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, retail, grocery

TL;DR

**BlackRock updated its Weis Markets ownership, watch for market reaction.**

AI Summary

BlackRock Inc. has filed an amended SC 13G/A for Weis Markets Inc. (WMK), indicating a change in their beneficial ownership as of January 31, 2024. This filing, an amendment to a previous disclosure, shows BlackRock's updated stake in the grocery store chain. This matters to investors because large institutional ownership changes can signal shifts in confidence or investment strategy from major players like BlackRock, potentially influencing stock perception and trading activity.

Why It Matters

This filing updates BlackRock's ownership in Weis Markets, providing transparency on a major institutional investor's position, which can influence market sentiment.

Risk Assessment

Risk Level: low — This is a routine amendment filing by a large institutional investor, not indicating any immediate negative or positive event for the company.

Analyst Insight

Investors should note BlackRock's continued involvement with Weis Markets, but this routine amendment doesn't provide enough detail to warrant immediate action without further analysis of the specific ownership percentage change (which is not detailed in this excerpt).

Key Players & Entities

FAQ

What type of filing is this and what does it signify?

This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It signifies that BlackRock Inc., a beneficial owner of Weis Markets Inc. common stock, is updating its previously reported ownership information as of January 31, 2024.

Who is the reporting person in this filing?

The reporting person is BlackRock, Inc., a major investment management firm with a business address at 50 Hudson Yards, New York, NY.

What is the subject company of this filing?

The subject company is WEIS MARKETS INC, a retail-grocery store chain with a business address at 1000 S Second St, Sunbury, PA.

What is the 'Date of Event Which Requires Filing of this Statement'?

The 'Date of Event Which Requires Filing of this Statement' is January 31, 2024, as stated in the filing.

Under which rule is this Schedule 13G filed?

This Schedule 13G is filed under Rule 13d-1(b), as indicated by the 'X' in the appropriate box on the cover page.

From the Filing

0001086364-24-006818.txt : 20240207 0001086364-24-006818.hdr.sgml : 20240207 20240207170904 ACCESSION NUMBER: 0001086364-24-006818 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240207 DATE AS OF CHANGE: 20240207 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/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-13039 FILM NUMBER: 24605686 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/A 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/A 1 us9488491047_020724.txt us9488491047_020724.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 1) WEIS MARKETS INC -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 948849104 -------------------------------------------------------- (CUSIP Number) January 31, 2024 -------------------------------------------------------- (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 1272558 (6) Shared voting power 0 (7) Sole dispositive power 1316700 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 1316700 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 4.9% (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: ----------

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