Charles Schwab Investment Management Inc. lifted its position in Weis Markets, Inc. (NYSE:WMK - Free Report) by 3.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 402,797 shares of the company's stock after acquiring an additional 13,946 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.50% of Weis Markets worth $27,765,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. nVerses Capital LLC raised its position in shares of Weis Markets by 100.0% in the 2nd quarter. nVerses Capital LLC now owns 400 shares of the company's stock valued at $25,000 after acquiring an additional 200 shares during the period. International Assets Investment Management LLC increased its stake in Weis Markets by 6,800.0% during the 3rd quarter. International Assets Investment Management LLC now owns 414 shares of the company's stock worth $29,000 after purchasing an additional 408 shares in the last quarter. GAMMA Investing LLC increased its stake in Weis Markets by 228.7% during the 2nd quarter. GAMMA Investing LLC now owns 572 shares of the company's stock worth $36,000 after purchasing an additional 398 shares in the last quarter. Prospera Private Wealth LLC bought a new stake in Weis Markets during the 3rd quarter worth approximately $44,000. Finally, Blue Trust Inc. increased its stake in Weis Markets by 71.4% during the 3rd quarter. Blue Trust Inc. now owns 646 shares of the company's stock worth $41,000 after purchasing an additional 269 shares in the last quarter.
Wall Street Analyst Weigh In
Separately, StockNews.com raised Weis Markets from a "buy" rating to a "strong-buy" rating in a research note on Thursday, November 7th.
Read Our Latest Analysis on Weis Markets
Weis Markets Stock Performance
NYSE WMK traded down $0.32 during trading hours on Thursday, reaching $70.99. 53,983 shares of the company's stock were exchanged, compared to its average volume of 88,005. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of 20.03 and a beta of 0.51. Weis Markets, Inc. has a one year low of $58.87 and a one year high of $76.62. The company's 50-day moving average is $68.45 and its two-hundred day moving average is $67.30.
Weis Markets Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were paid a dividend of $0.34 per share. The ex-dividend date was Tuesday, November 12th. This represents a $1.36 annualized dividend and a dividend yield of 1.92%. Weis Markets's dividend payout ratio is currently 38.20%.
Weis Markets Profile
(
Free Report)
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.
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