Norges Bank purchased a new position in shares of Weis Markets, Inc. (NYSE:WMK - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 50,466 shares of the company's stock, valued at approximately $3,418,000. Norges Bank owned about 0.19% of Weis Markets as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in shares of Weis Markets by 62.5% during the 4th quarter. JPMorgan Chase & Co. now owns 54,952 shares of the company's stock valued at $3,721,000 after buying an additional 21,144 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Weis Markets by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 1,842,882 shares of the company's stock worth $124,800,000 after acquiring an additional 30,772 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Weis Markets in the 4th quarter worth approximately $718,000. American Century Companies Inc. boosted its stake in shares of Weis Markets by 14.8% in the 4th quarter. American Century Companies Inc. now owns 485,287 shares of the company's stock valued at $32,864,000 after purchasing an additional 62,472 shares in the last quarter. Finally, Lee Danner & Bass Inc. bought a new position in shares of Weis Markets during the 4th quarter valued at $110,000.
Weis Markets Price Performance
Weis Markets stock traded down $1.88 during mid-day trading on Tuesday, hitting $79.73. The company's stock had a trading volume of 25,240 shares, compared to its average volume of 89,334. The business has a 50 day moving average price of $76.00 and a 200-day moving average price of $70.99. Weis Markets, Inc. has a 12 month low of $60.91 and a 12 month high of $83.40. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 22.40 and a beta of 0.67.
Weis Markets (NYSE:WMK - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported $1.29 earnings per share for the quarter. Weis Markets had a return on equity of 6.85% and a net margin of 2.01%. The company had revenue of $1.23 billion during the quarter.
Weis Markets Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date was Tuesday, February 18th. Weis Markets's dividend payout ratio (DPR) is presently 33.25%.
About Weis Markets
(
Free Report)
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.
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