Bridgewater Associates LP Sells 11,392 Shares of Weis Markets, Inc. (NYSE:WMK)

Bridgewater Associates LP lessened its stake in Weis Markets, Inc. (NYSE:WMK - Free Report) by 52.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,309 shares of the company's stock after selling 11,392 shares during the quarter. Bridgewater Associates LP's holdings in Weis Markets were worth $711,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. American Century Companies Inc. boosted its stake in Weis Markets by 29.1% in the 2nd quarter. American Century Companies Inc. now owns 334,324 shares of the company's stock worth $20,986,000 after purchasing an additional 75,395 shares during the period. AQR Capital Management LLC bought a new position in shares of Weis Markets in the second quarter valued at $813,000. International Assets Investment Management LLC raised its position in 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 in the last quarter. GAMMA Investing LLC grew its position in shares of Weis Markets by 228.7% in the 2nd quarter. GAMMA Investing LLC now owns 572 shares of the company's stock valued at $36,000 after acquiring an additional 398 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in Weis Markets by 79.8% in the 3rd quarter. Victory Capital Management Inc. now owns 20,261 shares of the company's stock valued at $1,397,000 after purchasing an additional 8,990 shares during the last quarter.

Weis Markets Price Performance

WMK stock traded down $1.36 during midday trading on Tuesday, reaching $71.71. The company had a trading volume of 72,776 shares, compared to its average volume of 87,282. Weis Markets, Inc. has a 1-year low of $58.87 and a 1-year high of $76.62. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 20.22 and a beta of 0.51. The stock has a 50 day moving average price of $68.32 and a 200-day moving average price of $67.24.

Weis Markets Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were issued a dividend of $0.34 per share. The ex-dividend date was Tuesday, November 12th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.90%. Weis Markets's dividend payout ratio (DPR) is currently 38.20%.

Analyst Ratings Changes

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

About Weis Markets

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.