KLP Kapitalforvaltning AS Invests $718,000 in Weis Markets, Inc. (NYSE:WMK)

KLP Kapitalforvaltning AS purchased a new position in shares of Weis Markets, Inc. (NYSE:WMK - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,600 shares of the company's stock, valued at approximately $718,000.

A number of other institutional investors and hedge funds have also modified their holdings of WMK. Charles Schwab Investment Management Inc. boosted its position in shares of Weis Markets by 3.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 402,797 shares of the company's stock worth $27,765,000 after buying an additional 13,946 shares in the last quarter. FMR LLC lifted its holdings in shares of Weis Markets by 22.3% in the third quarter. FMR LLC now owns 25,628 shares of the company's stock valued at $1,767,000 after purchasing an additional 4,678 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Weis Markets by 61.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,649 shares of the company's stock valued at $252,000 after purchasing an additional 1,391 shares during the last quarter. SageView Advisory Group LLC acquired a new stake in shares of Weis Markets in the third quarter valued at approximately $208,000. Finally, Jane Street Group LLC increased its stake in shares of Weis Markets by 26.5% during the 3rd quarter. Jane Street Group LLC now owns 24,150 shares of the company's stock worth $1,665,000 after purchasing an additional 5,056 shares in the last quarter.

Weis Markets Stock Performance

WMK stock traded up $0.04 on Thursday, reaching $79.19. The company had a trading volume of 114,000 shares, compared to its average volume of 87,598. The company's fifty day moving average is $73.85 and its 200 day moving average is $70.35. The company has a market cap of $2.13 billion, a P/E ratio of 22.24 and a beta of 0.67. Weis Markets, Inc. has a 1 year low of $60.39 and a 1 year high of $83.09.

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Weis Markets (NYSE:WMK - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $1.29 earnings per share (EPS) for the quarter. The business had revenue of $1.23 billion for the quarter. Weis Markets had a return on equity of 6.85% and a net margin of 2.01%.

Weis Markets Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.36 annualized dividend and a dividend yield of 1.72%. Weis Markets's dividend payout ratio is currently 33.25%.

Weis Markets 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.