Vanguard Group Inc. Decreases Holdings in Weis Markets, Inc. $WMK

Vanguard Group Inc. cut its holdings in shares of Weis Markets, Inc. (NYSE:WMK) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,490,283 shares of the company’s stock after selling 59,754 shares during the quarter. Vanguard Group Inc. owned 0.06% of Weis Markets worth $95,512,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. EverSource Wealth Advisors LLC raised its holdings in Weis Markets by 107.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 356 shares of the company’s stock valued at $26,000 after buying an additional 184 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Weis Markets during the 2nd quarter valued at $55,000. Signaturefd LLC raised its holdings in Weis Markets by 61.2% during the 4th quarter. Signaturefd LLC now owns 882 shares of the company’s stock valued at $57,000 after buying an additional 335 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in Weis Markets during the 3rd quarter valued at $74,000. Finally, Tower Research Capital LLC TRC raised its holdings in Weis Markets by 138.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,330 shares of the company’s stock valued at $96,000 after buying an additional 773 shares during the last quarter.

Weis Markets Stock Up 1.5%

NYSE:WMK opened at $69.88 on Thursday. The company has a fifty day moving average of $68.35 and a 200 day moving average of $67.86. Weis Markets, Inc. has a 52 week low of $59.99 and a 52 week high of $79.05. The firm has a market capitalization of $1.73 billion, a P/E ratio of 16.96 and a beta of 0.46.

Weis Markets (NYSE:WMK) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $1.13 EPS for the quarter. Weis Markets had a net margin of 2.09% and a return on equity of 7.75%. The company had revenue of $1.26 billion during the quarter.

Weis Markets Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Monday, May 11th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Monday, May 11th. Weis Markets’s payout ratio is presently 33.01%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Weis Markets in a report on Friday, April 24th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Weis Markets presently has an average rating of “Hold”.

About Weis Markets

Weis Markets, Inc (NYSE: WMK) is a regional supermarket chain headquartered in Sunbury, Pennsylvania, operating more than 200 stores across the Mid-Atlantic and Eastern Seaboard. Founded in 1912 by Harry and Sigmund Weis as a small produce and egg business, the company has grown into a full-service grocer serving Pennsylvania, Maryland, New York, New Jersey, Delaware, Virginia, West Virginia and Ohio. Weis Markets offers a broad selection of products including fresh produce, bakery, deli, dairy, meat and seafood, alongside grocery, general merchandise and prepared foods.

In addition to traditional grocery offerings, Weis Markets provides pharmacy services in many of its locations, as well as in-store fuel centers at select sites.