Allspring Global Investments Holdings LLC Has $336,000 Stake in Weis Markets, Inc. (NYSE:WMK)

Allspring Global Investments Holdings LLC lessened its holdings in shares of Weis Markets, Inc. (NYSE:WMK - Free Report) by 74.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,968 shares of the company's stock after selling 14,703 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Weis Markets were worth $336,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of WMK. Creative Planning acquired a new position in Weis Markets during the third quarter worth approximately $233,000. Blue Trust Inc. boosted its holdings in shares of Weis Markets by 71.4% during the third quarter. Blue Trust Inc. now owns 646 shares of the company's stock worth $41,000 after acquiring an additional 269 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Weis Markets by 6,800.0% during the third 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 period. Victory Capital Management Inc. boosted its holdings in shares of Weis Markets by 79.8% during the third quarter. Victory Capital Management Inc. now owns 20,261 shares of the company's stock worth $1,397,000 after acquiring an additional 8,990 shares during the period. Finally, Prospera Private Wealth LLC bought a new stake in shares of Weis Markets during the third quarter worth approximately $44,000.

Analyst Ratings Changes

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

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Weis Markets Trading Up 0.1 %

NYSE WMK traded up $0.06 on Friday, hitting $73.98. 199,683 shares of the company's stock were exchanged, compared to its average volume of 88,130. The stock has a 50-day moving average of $68.62 and a 200-day moving average of $68.46. Weis Markets, Inc. has a 52 week low of $60.39 and a 52 week high of $76.62. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 20.78 and a beta of 0.51.

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

Weis Markets Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend is Tuesday, February 18th. Weis Markets's payout ratio is presently 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.