Vanguard Group Inc. Grows Position in Weis Markets, Inc. (NYSE:WMK)

Vanguard Group Inc. boosted its holdings in shares of Weis Markets, Inc. (NYSE:WMK - Free Report) by 1.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,842,882 shares of the company's stock after acquiring an additional 30,772 shares during the period. Vanguard Group Inc. owned about 6.85% of Weis Markets worth $124,800,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WMK. American Century Companies Inc. raised its holdings in shares of Weis Markets by 14.8% in the fourth quarter. American Century Companies Inc. now owns 485,287 shares of the company's stock worth $32,864,000 after acquiring an additional 62,472 shares during the last quarter. Empowered Funds LLC raised its stake in Weis Markets by 521.2% in the 4th quarter. Empowered Funds LLC now owns 69,309 shares of the company's stock valued at $4,694,000 after purchasing an additional 58,151 shares during the last quarter. Barclays PLC raised its stake in Weis Markets by 354.5% in the 3rd quarter. Barclays PLC now owns 27,459 shares of the company's stock valued at $1,893,000 after purchasing an additional 21,418 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Weis Markets by 4.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 420,276 shares of the company's stock valued at $28,461,000 after purchasing an additional 17,479 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Weis Markets during the 4th quarter worth about $1,169,000.

Remove Ads

Weis Markets Stock Down 0.8 %

Shares of NYSE:WMK traded down $0.68 during trading on Friday, reaching $80.79. The stock had a trading volume of 84,957 shares, compared to its average volume of 89,480. The stock has a market cap of $2.17 billion, a P/E ratio of 22.69 and a beta of 0.67. The business has a fifty day moving average price of $75.77 and a 200-day moving average price of $70.90. Weis Markets, Inc. has a fifty-two week low of $60.91 and a fifty-two week high of $83.40.

Weis Markets (NYSE:WMK - Get Free Report) last issued its quarterly 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 Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend was Tuesday, February 18th. Weis Markets's dividend payout ratio is currently 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.