Bank of America Corp DE Sells 21,925 Shares of Weis Markets, Inc. (NYSE:WMK)

Bank of America Corp DE trimmed its holdings in shares of Weis Markets, Inc. (NYSE:WMK - Free Report) by 25.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 64,407 shares of the company's stock after selling 21,925 shares during the quarter. Bank of America Corp DE owned about 0.24% of Weis Markets worth $4,362,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Weis Markets during the 4th quarter worth about $344,000. Proficio Capital Partners LLC acquired a new stake in Weis Markets in the 4th quarter worth approximately $1,169,000. Barclays PLC boosted its position in Weis Markets by 354.5% during the third quarter. Barclays PLC now owns 27,459 shares of the company's stock worth $1,893,000 after purchasing an additional 21,418 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. Finally, Versor Investments LP acquired a new position in Weis Markets during the fourth quarter valued at approximately $235,000.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of Weis Markets from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 8th.

Weis Markets Trading Down 3.0%

Weis Markets stock traded down $2.38 on Friday, reaching $75.86. 142,158 shares of the stock were exchanged, compared to its average volume of 97,371. Weis Markets, Inc. has a twelve month low of $60.93 and a twelve month high of $90.23. The firm has a fifty day moving average price of $79.84 and a two-hundred day moving average price of $74.17. The stock has a market cap of $2.04 billion, a PE ratio of 21.31 and a beta of 0.55.

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

Weis Markets Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were given a $0.34 dividend. The ex-dividend date was Monday, May 12th. This represents a $1.36 annualized dividend and a dividend yield of 1.79%. Weis Markets's dividend payout ratio is 34.09%.

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.