Denali Advisors LLC Has $2.57 Million Holdings in Weis Markets, Inc. (NYSE:WMK)

Denali Advisors LLC lifted its position in shares of Weis Markets, Inc. (NYSE:WMK - Free Report) by 28.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,900 shares of the company's stock after purchasing an additional 8,400 shares during the period. Denali Advisors LLC owned about 0.14% of Weis Markets worth $2,567,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in WMK. Creative Planning bought a new stake in shares of Weis Markets during the third quarter worth about $233,000. Blue Trust Inc. grew 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 purchasing an additional 269 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Weis Markets by 2.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 19,671 shares of the company's stock worth $1,356,000 after purchasing an additional 508 shares during the last quarter. International Assets Investment Management LLC grew 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 purchasing an additional 408 shares during the last quarter. Finally, Victory Capital Management Inc. grew 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 purchasing an additional 8,990 shares during the last quarter.

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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.

Weis Markets Trading Up 0.1 %

WMK stock traded up $0.06 during trading on Friday, hitting $73.98. The company had a trading volume of 199,683 shares, compared to its average volume of 88,130. The business has a 50-day moving average of $68.62 and a 200-day moving average of $68.46. Weis Markets, Inc. has a one year low of $60.39 and a one year high of $76.62. The stock has a market cap of $1.99 billion, a PE ratio of 20.78 and a beta of 0.51.

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

Weis Markets Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be issued a $0.34 dividend. 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 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.