Dimensional Fund Advisors LP Amends Weis Markets Stake to 2.07M Shares

Ticker: WMK · Form: SC 13G/A · Filed: 2024-02-09T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, form-13g, retail-grocery

TL;DR

**Dimensional Fund Advisors LP still owns over 2 million shares of Weis Markets, showing continued institutional interest.**

AI Summary

Dimensional Fund Advisors LP, a Delaware Limited Partnership, filed an amended SC 13G/A on February 9, 2024, indicating a change in their beneficial ownership of Weis Markets Inc. As of December 29, 2023, Dimensional Fund Advisors LP now holds sole voting power over 2,069,591 shares of Weis Markets Inc. Common Stock. This matters to investors because it shows a significant institutional investor maintains a substantial stake, suggesting continued confidence in the company, though the filing is an amendment, implying a previous disclosure.

Why It Matters

This filing shows a major institutional investor, Dimensional Fund Advisors LP, continues to hold a significant position in Weis Markets Inc., which can be seen as a vote of confidence in the company's long-term prospects.

Risk Assessment

Risk Level: low — This filing is an update on an existing institutional holding and does not indicate any immediate negative or highly volatile event for Weis Markets Inc.

Analyst Insight

Investors should note that a major institutional investor continues to hold a substantial position in Weis Markets Inc., which could be a positive signal, but this filing alone doesn't suggest an immediate buy or sell action.

Key Numbers

2,069,591 — Shares Beneficially Owned (Represents the sole voting power shares held by Dimensional Fund Advisors LP in Weis Markets Inc.)
December 29, 2023 — Date of Event (The date on which the ownership change requiring this filing occurred.)
February 9, 2024 — Filing Date (The date this amended Schedule 13G was filed with the SEC.)

Key Players & Entities

Dimensional Fund Advisors LP (company) — the reporting person and institutional investor
Weis Markets Inc (company) — the subject company whose stock is being reported
Delaware Limited Partnership (company) — the organizational structure of Dimensional Fund Advisors LP

Forward-Looking Statements

Dimensional Fund Advisors LP will maintain a significant stake in Weis Markets Inc. for the foreseeable future. (Dimensional Fund Advisors LP) — medium confidence, target: 12-29-2024

FAQ

What is the purpose of this SC 13G/A filing?

This SC 13G/A filing is an amendment (Amendment No. 5) to a previous Schedule 13G, indicating an update to the beneficial ownership of Weis Markets Inc. Common Stock by Dimensional Fund Advisors LP, as required by the Securities Exchange Act of 1934.

Who is the reporting person in this filing?

The reporting person is Dimensional Fund Advisors LP, a Delaware Limited Partnership, with an IRS Identification No. of 30-0447847.

What is the total number of shares of Weis Markets Inc. Common Stock that Dimensional Fund Advisors LP has sole voting power over?

Dimensional Fund Advisors LP has sole voting power over 2,069,591 shares of Weis Markets Inc. Common Stock, as stated in item 5 of the filing.

What was the 'Date of Event' that triggered this filing?

The 'Date of Event Which Requires Filing of this Statement' was December 29, 2023, as specified on the cover page of the filing.

Under which rule was this Schedule 13G filed?

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

From the Filing

0000354204-24-003350.txt : 20240209 0000354204-24-003350.hdr.sgml : 20240209 20240209095920 ACCESSION NUMBER: 0000354204-24-003350 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 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: 24612589 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: DIMENSIONAL FUND ADVISORS LP CENTRAL INDEX KEY: 0000354204 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] ORGANIZATION NAME: IRS NUMBER: 222370029 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 6300 BEE CAVE ROAD STREET 2: BUILDING ONE CITY: AUSTIN STATE: TX ZIP: 78746 BUSINESS PHONE: (512) 306-7400 MAIL ADDRESS: STREET 1: 6300 BEE CAVE ROAD STREET 2: BUILDING ONE CITY: AUSTIN STATE: TX ZIP: 78746 FORMER COMPANY: FORMER CONFORMED NAME: DIMENSIONAL FUND ADVISORS INC DATE OF NAME CHANGE: 19920929 SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 5 ) * Weis Markets Inc (Name of Issuer) Common Stock (Title of Class of Securities) 948849104 (CUSIP Number) December 29, 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 (the "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 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Dimensional Fund Advisors LP 30-0447847 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 Limited Partnership NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 2,069,591 ** see Note 1 ** 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 2,098,697 ** see Note 1 ** 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,098,697 ** see Note 1 ** 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.8% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer Weis Markets Inc (b) Address of Issuer's Principal Executive Offices 2880 Bergey Road, PO Box 471, Sunbury, PA 17801 Item 2. (a) Name of Person Filing Dimensional Fund Advisors LP (b) Address of Principal Business Office or, if None, Residence 6300 Bee Cave Road, Building One, Austin, TX 78746 (c) Citizenship Delaware Limited Partnership (d) Title of Class of Securities Common Stock (e) CUSIP Number 948849104 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the