DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Sells 29,521 Shares of Weis Markets, Inc. (NYSE:WMK)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lessened its holdings in shares of Weis Markets, Inc. (NYSE:WMK - Free Report) by 67.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,262 shares of the company's stock after selling 29,521 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned approximately 0.05% of Weis Markets worth $966,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Weis Markets during the 4th quarter valued at about $344,000. Proficio Capital Partners LLC bought a new position in shares of Weis Markets during the 4th quarter valued at about $1,169,000. Barclays PLC lifted its holdings in shares of Weis Markets by 354.5% during 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 in the last quarter. Empowered Funds LLC lifted its holdings in shares of Weis Markets by 521.2% during 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 in the last quarter. Finally, Versor Investments LP bought a new position in shares of Weis Markets during the 4th quarter valued at about $235,000.

Weis Markets Trading Up 1.2%

Shares of NYSE WMK traded up $0.90 during midday trading on Wednesday, reaching $76.05. The company's stock had a trading volume of 208,843 shares, compared to its average volume of 94,373. Weis Markets, Inc. has a fifty-two week low of $60.93 and a fifty-two week high of $90.23. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of 21.36 and a beta of 0.55. The stock has a 50 day simple moving average of $80.52 and a 200-day simple moving average of $73.59.

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

Weis Markets Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders 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 dividend yield of 1.79%. Weis Markets's dividend payout ratio (DPR) is presently 34.09%.

Wall Street Analysts Forecast Growth

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

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.