Martin & Co. Inc. TN Sells 1,090 Shares of Weis Markets, Inc. (NYSE:WMK)

Martin & Co. Inc. TN lowered its position in shares of Weis Markets, Inc. (NYSE:WMK) by 3.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,216 shares of the company’s stock after selling 1,090 shares during the period. Martin & Co. Inc. TN owned about 0.10% of Weis Markets worth $1,911,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC grew its position in Weis Markets by 6,800.0% during the 3rd quarter. International Assets Investment Management LLC now owns 414 shares of the company’s stock worth $29,000 after acquiring an additional 408 shares during the last quarter. Blue Trust Inc. grew its position in shares of Weis Markets by 71.4% in the 3rd quarter. Blue Trust Inc. now owns 646 shares of the company’s stock valued at $41,000 after buying an additional 269 shares during the last quarter. Prospera Private Wealth LLC bought a new stake in shares of Weis Markets in the 3rd quarter valued at about $44,000. Inspire Advisors LLC bought a new stake in shares of Weis Markets in the 3rd quarter valued at about $200,000. Finally, Flagship Harbor Advisors LLC bought a new stake in shares of Weis Markets in the 4th quarter valued at about $205,000.

Weis Markets Price Performance

Shares of NYSE:WMK opened at $71.26 on Monday. The business’s 50-day moving average is $68.45 and its 200-day moving average is $68.30. Weis Markets, Inc. has a 1 year low of $59.58 and a 1 year high of $76.62. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 20.02 and a beta of 0.51.

Weis Markets Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Tuesday, February 18th. Weis Markets’s dividend payout ratio is currently 38.20%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Weis Markets from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 7th.

Weis Markets Company Profile

Weis Markets, Inc engages in the retail sale of food through a chain of supermarkets in Pennsylvania and surrounding states. The company’s retail food stores sell groceries, dairy products, frozen foods, meats, seafood, fresh produce, floral, pharmacy services, deli products, prepared foods, bakery products, beer and wine, and fuel; and general merchandise items, such as health and beauty care, and household products.