Bank of New York Mellon Corp Trims Stake in Weis Markets, Inc. (NYSE:WMK)

Bank of New York Mellon Corp reduced its position in Weis Markets, Inc. (NYSE:WMK - Free Report) by 2.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 268,098 shares of the company's stock after selling 7,369 shares during the period. Bank of New York Mellon Corp owned 1.00% of Weis Markets worth $20,657,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in WMK. Diversified Trust Co raised its stake in Weis Markets by 1.4% during the 1st quarter. Diversified Trust Co now owns 9,129 shares of the company's stock valued at $703,000 after acquiring an additional 122 shares during the last quarter. SummerHaven Investment Management LLC raised its stake in Weis Markets by 1.7% during the 1st quarter. SummerHaven Investment Management LLC now owns 12,393 shares of the company's stock valued at $955,000 after acquiring an additional 212 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Weis Markets by 4.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,370 shares of the company's stock worth $635,000 after purchasing an additional 367 shares during the period. Flagship Harbor Advisors LLC increased its position in Weis Markets by 12.5% during the 1st quarter. Flagship Harbor Advisors LLC now owns 3,404 shares of the company's stock worth $262,000 after purchasing an additional 379 shares during the period. Finally, Sterling Capital Management LLC increased its position in Weis Markets by 826.3% during the 4th quarter. Sterling Capital Management LLC now owns 528 shares of the company's stock worth $36,000 after purchasing an additional 471 shares during the period.

Weis Markets Price Performance

NYSE WMK traded down $0.26 on Monday, hitting $76.28. 92,964 shares of the company's stock were exchanged, compared to its average volume of 100,905. The firm's 50-day moving average price is $75.05 and its two-hundred day moving average price is $75.18. Weis Markets, Inc. has a fifty-two week low of $62.25 and a fifty-two week high of $90.23. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 19.12 and a beta of 0.46.

Weis Markets (NYSE:WMK - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.76 earnings per share for the quarter. The business had revenue of $1.20 billion for the quarter. Weis Markets had a return on equity of 7.49% and a net margin of 2.24%.

Weis Markets Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 11th. Investors of record on Monday, July 28th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend is Monday, July 28th. Weis Markets's dividend payout ratio 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.

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.