Balyasny Asset Management L.P. Lowers Stock Position in Weis Markets, Inc. (NYSE:WMK)

Balyasny Asset Management L.P. trimmed its position in shares of Weis Markets, Inc. (NYSE:WMK - Free Report) by 32.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,424 shares of the company's stock after selling 8,438 shares during the quarter. Balyasny Asset Management L.P. owned 0.06% of Weis Markets worth $1,180,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. lifted its holdings in Weis Markets by 32.8% during the fourth quarter. Blue Trust Inc. now owns 858 shares of the company's stock valued at $59,000 after purchasing an additional 212 shares during the last quarter. DGS Capital Management LLC increased its position in shares of Weis Markets by 7.5% during the fourth quarter. DGS Capital Management LLC now owns 6,608 shares of the company's stock valued at $448,000 after buying an additional 460 shares during the period. Sterling Capital Management LLC increased its position in shares of Weis Markets by 826.3% during the fourth quarter. Sterling Capital Management LLC now owns 528 shares of the company's stock valued at $36,000 after buying an additional 471 shares during the period. Legal & General Group Plc increased its position in shares of Weis Markets by 2.8% during the fourth quarter. Legal & General Group Plc now owns 17,451 shares of the company's stock valued at $1,182,000 after buying an additional 482 shares during the period. Finally, MetLife Investment Management LLC increased its position in shares of Weis Markets by 6.1% in the fourth quarter. MetLife Investment Management LLC now owns 9,957 shares of the company's stock worth $674,000 after purchasing an additional 574 shares during the last quarter.

Weis Markets Trading Down 1.3%

Shares of NYSE:WMK traded down $0.97 during trading on Friday, reaching $75.89. 175,944 shares of the company traded hands, compared to its average volume of 95,180. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 21.32 and a beta of 0.55. Weis Markets, Inc. has a 52-week low of $60.93 and a 52-week high of $90.23. The business's fifty day moving average is $80.33 and its 200-day moving average is $73.75.

Weis Markets (NYSE:WMK - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.76 earnings per share for the quarter. Weis Markets had a return on equity of 6.85% and a net margin of 2.01%. The firm had revenue of $1.20 billion during the quarter.

Weis Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th will be issued a $0.34 dividend. The ex-dividend date is Monday, May 12th. This represents a $1.36 dividend on an annualized basis and a yield of 1.79%. Weis Markets's dividend payout ratio (DPR) is 34.09%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Weis Markets from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 8th.

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.