Weis Markets, Inc. (NYSE:WMK) Stock Holdings Cut by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership cut its holdings in Weis Markets, Inc. (NYSE:WMK - Free Report) by 21.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 83,998 shares of the company's stock after selling 23,586 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.31% of Weis Markets worth $5,688,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Blue Trust Inc. increased its position in Weis Markets by 32.8% in the fourth quarter. Blue Trust Inc. now owns 858 shares of the company's stock worth $59,000 after buying an additional 212 shares during the period. Lee Danner & Bass Inc. bought a new position in shares of Weis Markets during the fourth quarter worth about $110,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Weis Markets in the 4th quarter worth about $205,000. PFG Advisors bought a new stake in Weis Markets in the 4th quarter valued at about $219,000. Finally, Versor Investments LP acquired a new position in Weis Markets during the 4th quarter valued at about $235,000.

Weis Markets Stock Performance

Shares of WMK traded down $0.68 during mid-day trading on Friday, reaching $80.79. 84,957 shares of the company's stock traded hands, compared to its average volume of 89,450. The business's 50-day moving average price is $75.77 and its 200-day moving average price is $70.88. The stock has a market capitalization of $2.17 billion, a P/E ratio of 22.69 and a beta of 0.67. Weis Markets, Inc. has a 12 month low of $60.91 and a 12 month high of $83.40.

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

Weis Markets Announces Dividend

The business also recently announced 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 was Tuesday, February 18th. This represents a $1.36 annualized dividend and a yield of 1.68%. Weis Markets's payout ratio is 33.25%.

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.