BNP Paribas Financial Markets Has $1.73 Million Stock Holdings in Weis Markets, Inc. (NYSE:WMK)

BNP Paribas Financial Markets cut its stake in Weis Markets, Inc. (NYSE:WMK - Free Report) by 23.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,131 shares of the company's stock after selling 7,729 shares during the quarter. BNP Paribas Financial Markets owned 0.09% of Weis Markets worth $1,732,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its holdings in Weis Markets by 14.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,715 shares of the company's stock worth $304,000 after acquiring an additional 588 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Weis Markets by 228.7% during the 2nd quarter. GAMMA Investing LLC now owns 572 shares of the company's stock valued at $36,000 after purchasing an additional 398 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Weis Markets in the 2nd quarter valued at approximately $268,000. Diversified Trust Co increased its stake in Weis Markets by 118.8% during the 2nd quarter. Diversified Trust Co now owns 7,368 shares of the company's stock worth $462,000 after purchasing an additional 4,001 shares in the last quarter. Finally, Capital Investment Counsel Inc increased its stake in Weis Markets by 3.6% during the 2nd quarter. Capital Investment Counsel Inc now owns 4,332 shares of the company's stock worth $272,000 after purchasing an additional 150 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Weis Markets from a "buy" rating to a "strong-buy" rating in a report on Thursday, November 7th.

Weis Markets Stock Performance

NYSE WMK traded down $0.59 on Friday, reaching $70.40. The company had a trading volume of 57,351 shares, compared to its average volume of 78,554. The company's fifty day moving average is $68.53 and its 200-day moving average is $67.36. Weis Markets, Inc. has a 1-year low of $58.87 and a 1-year high of $76.62. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 19.78 and a beta of 0.51.

Weis Markets Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.93%. The ex-dividend date was Tuesday, November 12th. Weis Markets's payout ratio is 38.20%.

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.