Millennium Management LLC Lowers Position in Weis Markets, Inc. (NYSE:WMK)

Millennium Management LLC decreased its holdings in Weis Markets, Inc. (NYSE:WMK - Free Report) by 71.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,952 shares of the company's stock after selling 32,735 shares during the period. Millennium Management LLC's holdings in Weis Markets were worth $877,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Weis Markets by 4.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,370 shares of the company's stock worth $635,000 after acquiring an additional 367 shares in the last quarter. Graham Capital Management L.P. bought a new position in Weis Markets in the fourth quarter worth about $309,000. Deutsche Bank AG lifted its position in shares of Weis Markets by 12.7% during the fourth quarter. Deutsche Bank AG now owns 41,502 shares of the company's stock valued at $2,811,000 after buying an additional 4,673 shares during the last quarter. Bridgeway Capital Management LLC boosted its holdings in shares of Weis Markets by 259.4% in the 4th quarter. Bridgeway Capital Management LLC now owns 72,233 shares of the company's stock valued at $4,892,000 after buying an additional 52,134 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of Weis Markets by 46.9% in the 4th quarter. BNP Paribas Financial Markets now owns 36,925 shares of the company's stock worth $2,501,000 after buying an additional 11,794 shares during the last quarter.

Weis Markets Stock Up 2.0%

Shares of Weis Markets stock traded up $1.48 during trading on Tuesday, reaching $76.81. The company's stock had a trading volume of 107,868 shares, compared to its average volume of 98,248. Weis Markets, Inc. has a 1-year low of $60.93 and a 1-year high of $90.23. The company has a 50-day simple moving average of $79.47 and a two-hundred day simple moving average of $74.35. The company has a market cap of $2.07 billion, a price-to-earnings ratio of 21.57 and a beta of 0.47.

Weis Markets (NYSE:WMK - Get Free Report) last released its quarterly earnings results 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 company had revenue of $1.20 billion during the quarter.

Weis Markets Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date was Monday, May 12th. Weis Markets's dividend payout ratio (DPR) is presently 34.09%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of 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.