Weis Markets, Inc. (NYSE:WMK) Shares Sold by Invesco Ltd.

Invesco Ltd. trimmed its holdings in Weis Markets, Inc. (NYSE:WMK - Free Report) by 7.4% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 99,317 shares of the company's stock after selling 7,888 shares during the quarter. Invesco Ltd. owned about 0.37% of Weis Markets worth $6,726,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of WMK. Blue Trust Inc. lifted its holdings in shares of Weis Markets by 32.8% during the 4th quarter. Blue Trust Inc. now owns 858 shares of the company's stock valued at $59,000 after buying an additional 212 shares during the period. Lee Danner & Bass Inc. bought a new stake in Weis Markets during the fourth quarter valued at approximately $110,000. Flagship Harbor Advisors LLC purchased a new stake in Weis Markets during the fourth quarter valued at approximately $205,000. PFG Advisors bought a new position in Weis Markets in the fourth quarter worth approximately $219,000. Finally, Versor Investments LP purchased a new stake in shares of Weis Markets in the 4th quarter worth $235,000.

Weis Markets Trading Down 2.9 %

Shares of WMK traded down $2.41 during trading hours on Friday, reaching $81.61. 115,736 shares of the stock traded hands, compared to its average volume of 90,367. The company's 50-day moving average price is $78.07 and its two-hundred day moving average price is $72.03. The company has a market cap of $2.20 billion, a P/E ratio of 22.92 and a beta of 0.67. Weis Markets, Inc. has a 52-week low of $60.93 and a 52-week high of $85.41.

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

Weis Markets Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.67%. The ex-dividend date was Tuesday, February 18th. Weis Markets's dividend payout ratio is presently 33.25%.

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.