Weis Markets, Inc. (NYSE:WMK) Shares Sold by Bank of America Corp DE

Bank of America Corp DE lessened its stake in shares of Weis Markets, Inc. (NYSE:WMK - Free Report) by 25.4% in the 4th quarter, according to its most recent Form 13F filing 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 large investors have also modified their holdings of WMK. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Weis Markets during the fourth quarter worth $344,000. Proficio Capital Partners LLC acquired a new position in Weis Markets during the fourth quarter worth $1,169,000. Barclays PLC grew its holdings 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 acquiring an additional 21,418 shares during the period. Empowered Funds LLC grew its holdings 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 acquiring an additional 58,151 shares during the period. Finally, Versor Investments LP acquired a new position in Weis Markets during the fourth quarter worth $235,000.

Weis Markets Stock Down 0.6%

Shares of WMK traded down $0.43 during trading hours on Monday, reaching $75.37. 111,643 shares of the company traded hands, compared to its average volume of 97,404. The stock has a market capitalization of $2.03 billion, a PE ratio of 21.17 and a beta of 0.55. 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 fifty day simple moving average of $79.84 and a 200 day simple moving average of $74.19.

Weis Markets (NYSE:WMK - Get Free Report) last released its 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 firm had revenue of $1.20 billion for the quarter.

Weis Markets Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were paid a $0.34 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.80%. Weis Markets's dividend payout ratio (DPR) is currently 34.09%.

Analyst Ratings Changes

Separately, Wall Street Zen cut 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.