Deutsche Bank AG Raises Holdings in Weis Markets, Inc. (NYSE:WMK)

Deutsche Bank AG lifted its holdings in shares of Weis Markets, Inc. (NYSE:WMK - Free Report) by 12.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 41,502 shares of the company's stock after acquiring an additional 4,673 shares during the period. Deutsche Bank AG owned approximately 0.15% of Weis Markets worth $2,811,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of WMK. Barclays PLC grew its stake in shares of 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 last quarter. DGS Capital Management LLC grew its stake in shares of Weis Markets by 7.5% during the fourth quarter. DGS Capital Management LLC now owns 6,608 shares of the company's stock worth $448,000 after acquiring an additional 460 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new stake in shares of Weis Markets during the fourth quarter worth about $205,000. Blue Trust Inc. lifted its holdings in shares of Weis Markets by 32.8% during the fourth quarter. Blue Trust Inc. now owns 858 shares of the company's stock worth $59,000 after purchasing an additional 212 shares during the period. Finally, Empowered Funds LLC lifted its holdings in shares of 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.

Analyst Ratings Changes

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

Weis Markets Trading Down 1.9%

Shares of NYSE:WMK opened at $73.80 on Thursday. Weis Markets, Inc. has a 12-month low of $60.93 and a 12-month high of $90.23. The company has a market capitalization of $1.98 billion, a PE ratio of 20.73 and a beta of 0.55. The business has a 50 day moving average of $80.16 and a two-hundred day moving average of $73.99.

Weis Markets (NYSE:WMK - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.76 earnings per share (EPS) 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Monday, May 12th. Weis Markets's payout ratio is presently 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.

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