Geode Capital Management LLC Purchases 7,846 Shares of Weis Markets, Inc. (NYSE:WMK)

Geode Capital Management LLC raised its position in Weis Markets, Inc. (NYSE:WMK - Free Report) by 1.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 442,810 shares of the company's stock after acquiring an additional 7,846 shares during the period. Geode Capital Management LLC owned about 1.65% of Weis Markets worth $29,994,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Blue Trust Inc. boosted its holdings in Weis Markets by 32.8% during the fourth quarter. Blue Trust Inc. now owns 858 shares of the company's stock valued at $59,000 after purchasing an additional 212 shares in the last quarter. Lee Danner & Bass Inc. bought a new position in Weis Markets in the fourth quarter valued at about $110,000. Flagship Harbor Advisors LLC acquired a new stake in Weis Markets in the fourth quarter worth about $205,000. PFG Advisors bought a new stake in Weis Markets during the 4th quarter worth about $219,000. Finally, Versor Investments LP acquired a new position in Weis Markets during the 4th quarter valued at about $235,000.

Weis Markets Price Performance

Shares of NYSE WMK traded up $1.33 during mid-day trading on Tuesday, hitting $84.26. The company's stock had a trading volume of 230,771 shares, compared to its average volume of 89,746. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 23.67 and a beta of 0.67. The company's fifty day simple moving average is $77.32 and its 200-day simple moving average is $71.59. Weis Markets, Inc. has a one year low of $60.93 and a one year high of $84.76.

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

Weis Markets Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend was Tuesday, February 18th. Weis Markets's payout ratio is 33.25%.

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.