Geode Capital Management LLC Boosts Holdings in Weis Markets, Inc. (NYSE:WMK)

Geode Capital Management LLC raised its holdings in Weis Markets, Inc. (NYSE:WMK - Free Report) by 3.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 434,964 shares of the company's stock after purchasing an additional 16,463 shares during the quarter. Geode Capital Management LLC owned 1.62% of Weis Markets worth $29,987,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WMK. American Century Companies Inc. increased its holdings in shares of Weis Markets by 29.1% in 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 position in Weis Markets during the second quarter worth about $813,000. International Assets Investment Management LLC increased its holdings in Weis Markets by 6,800.0% in the third quarter. International Assets Investment Management LLC now owns 414 shares of the company's stock valued at $29,000 after buying an additional 408 shares in the last quarter. Barclays PLC lifted its position in shares of Weis Markets by 354.5% during the 3rd quarter. Barclays PLC now owns 27,459 shares of the company's stock valued at $1,893,000 after acquiring an additional 21,418 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Weis Markets by 3.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 402,797 shares of the company's stock worth $27,765,000 after acquiring an additional 13,946 shares in the last quarter.

Weis Markets Trading Down 1.6 %

Shares of NYSE WMK traded down $1.08 on Friday, reaching $68.11. 64,490 shares of the company traded hands, compared to its average volume of 87,281. The stock has a market capitalization of $1.83 billion, a PE ratio of 19.13 and a beta of 0.51. Weis Markets, Inc. has a fifty-two week low of $58.87 and a fifty-two week high of $76.62. The company has a 50 day moving average of $69.80 and a 200 day moving average of $67.87.

Weis Markets Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date was Tuesday, November 12th. Weis Markets's dividend payout ratio (DPR) is presently 38.20%.

Wall Street Analyst Weigh In

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

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.