Weis Markets, Inc. (NYSE:WMK) Stock Position Trimmed by Empowered Funds LLC

Empowered Funds LLC cut its holdings in shares of Weis Markets, Inc. (NYSE:WMK - Free Report) by 56.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,158 shares of the company's stock after selling 14,386 shares during the period. Empowered Funds LLC's holdings in Weis Markets were worth $769,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of WMK. American Century Companies Inc. grew its stake in Weis Markets by 29.1% during the 2nd quarter. American Century Companies Inc. now owns 334,324 shares of the company's stock valued at $20,986,000 after purchasing an additional 75,395 shares in the last quarter. AQR Capital Management LLC acquired a new stake in shares of Weis Markets during the second quarter worth approximately $813,000. International Assets Investment Management LLC increased its stake in shares of Weis Markets by 6,800.0% in the third quarter. International Assets Investment Management LLC now owns 414 shares of the company's stock worth $29,000 after buying an additional 408 shares during the last quarter. GAMMA Investing LLC raised its holdings in Weis Markets by 228.7% in the second quarter. GAMMA Investing LLC now owns 572 shares of the company's stock valued at $36,000 after acquiring an additional 398 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in Weis Markets by 14.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,715 shares of the company's stock valued at $304,000 after acquiring an additional 588 shares during the last quarter.

Weis Markets Trading Up 1.3 %

NYSE WMK traded up $0.93 on Friday, hitting $71.68. 53,488 shares of the stock traded hands, compared to its average volume of 82,179. The stock has a 50-day moving average of $67.94 and a 200 day moving average of $66.99. Weis Markets, Inc. has a twelve month low of $58.87 and a twelve month high of $76.62. The company has a market capitalization of $1.93 billion, a P/E ratio of 20.13 and a beta of 0.47.

Weis Markets Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend is Tuesday, November 12th. Weis Markets's dividend payout ratio is presently 38.20%.

Analyst Upgrades and Downgrades

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.

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.