BNP Paribas Financial Markets Grows Stock Holdings in Weis Markets, Inc. (NYSE:WMK)

BNP Paribas Financial Markets raised its holdings in Weis Markets, Inc. (NYSE:WMK - Free Report) by 46.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,925 shares of the company's stock after purchasing an additional 11,794 shares during the quarter. BNP Paribas Financial Markets owned 0.14% of Weis Markets worth $2,501,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Weis Markets in the 4th quarter worth about $344,000. Proficio Capital Partners LLC purchased a new stake in Weis Markets during the fourth quarter worth about $1,169,000. Barclays PLC raised its position in Weis Markets by 354.5% in the third quarter. Barclays PLC now owns 27,459 shares of the company's stock worth $1,893,000 after acquiring an additional 21,418 shares during the period. Empowered Funds LLC boosted its stake in Weis Markets by 521.2% in the fourth quarter. Empowered Funds LLC now owns 69,309 shares of the company's stock valued at $4,694,000 after acquiring an additional 58,151 shares during the last quarter. Finally, Versor Investments LP purchased a new position in Weis Markets in the fourth quarter valued at about $235,000.

Weis Markets Stock Performance

NYSE:WMK traded down $0.97 during trading hours on Thursday, reaching $72.86. The stock had a trading volume of 8,376 shares, compared to its average volume of 95,385. The stock has a market cap of $1.96 billion, a P/E ratio of 20.47 and a beta of 0.55. The stock has a 50 day simple moving average of $80.16 and a 200 day simple moving average of $73.99. Weis Markets, Inc. has a 12-month low of $60.93 and a 12-month high of $90.23.

Weis Markets (NYSE:WMK - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $1.20 billion during the quarter.

Weis Markets Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.36 dividend on an annualized basis and a yield of 1.87%. Weis Markets's dividend payout ratio is presently 34.09%.

Wall Street Analysts Forecast Growth

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

Weis Markets 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.