PFG Advisors Acquires Shares of 3,236 Weis Markets, Inc. (NYSE:WMK)

PFG Advisors acquired a new stake in shares of Weis Markets, Inc. (NYSE:WMK - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,236 shares of the company's stock, valued at approximately $219,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Prospera Private Wealth LLC purchased a new position in Weis Markets in the third quarter worth $44,000. Blue Trust Inc. lifted its position 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 last quarter. Flagship Harbor Advisors LLC purchased a new position in shares of Weis Markets during the 4th quarter valued at $205,000. SageView Advisory Group LLC purchased a new position in shares of Weis Markets during the 3rd quarter valued at $208,000. Finally, Versor Investments LP purchased a new position in shares of Weis Markets during the 4th quarter valued at $235,000.

Weis Markets Stock Up 0.7 %

Shares of NYSE:WMK traded up $0.57 during midday trading on Wednesday, reaching $79.89. 123,543 shares of the company traded hands, compared to its average volume of 81,412. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 22.44 and a beta of 0.53. The firm's fifty day moving average price is $71.11 and its two-hundred day moving average price is $69.57. Weis Markets, Inc. has a 12 month low of $60.39 and a 12 month high of $83.09.

Weis Markets (NYSE:WMK - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $1.29 earnings per share 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%.

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Weis Markets Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.36 dividend on an annualized basis and a yield of 1.70%. Weis Markets's dividend payout ratio is currently 33.25%.

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.