Charles Schwab Investment Management Inc. Boosts Stake in Weis Markets, Inc. (NYSE:WMK)

Charles Schwab Investment Management Inc. lifted its stake in shares of Weis Markets, Inc. (NYSE:WMK - Free Report) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 420,276 shares of the company's stock after purchasing an additional 17,479 shares during the period. Charles Schwab Investment Management Inc. owned 1.56% of Weis Markets worth $28,461,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of WMK. Geode Capital Management LLC grew its stake in shares of Weis Markets by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 434,964 shares of the company's stock worth $29,987,000 after acquiring an additional 16,463 shares during the period. Empowered Funds LLC boosted its position in Weis Markets by 521.2% during the fourth quarter. Empowered Funds LLC now owns 69,309 shares of the company's stock worth $4,694,000 after purchasing an additional 58,151 shares during the period. Denali Advisors LLC increased its stake in shares of Weis Markets by 28.5% in the fourth quarter. Denali Advisors LLC now owns 37,900 shares of the company's stock worth $2,567,000 after purchasing an additional 8,400 shares in the last quarter. Barclays PLC raised its position in shares of Weis Markets by 354.5% in the third 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 period. Finally, FMR LLC lifted its stake in shares of Weis Markets by 22.3% during the 3rd quarter. FMR LLC now owns 25,628 shares of the company's stock valued at $1,767,000 after buying an additional 4,678 shares in the last quarter.

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Weis Markets Stock Down 3.2 %

WMK traded down $2.50 on Friday, hitting $76.02. The company's stock had a trading volume of 130,056 shares, compared to its average volume of 83,681. The company's 50 day simple moving average is $71.61 and its 200-day simple moving average is $69.71. Weis Markets, Inc. has a 12 month low of $60.39 and a 12 month high of $83.09. The firm has a market cap of $2.04 billion, a P/E ratio of 21.35 and a beta of 0.53.

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

Weis Markets Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend was Tuesday, February 18th. Weis Markets's payout ratio is 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.