Millennium Management LLC Sells 32,735 Shares of Weis Markets, Inc. (NYSE:WMK)

Millennium Management LLC reduced its stake in Weis Markets, Inc. (NYSE:WMK - Free Report) by 71.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sterling Capital Management LLC boosted its stake in shares of 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. Blue Trust Inc. boosted its position in Weis Markets by 32.8% in the 4th quarter. Blue Trust Inc. now owns 858 shares of the company's stock valued at $59,000 after buying an additional 212 shares during the period. Lee Danner & Bass Inc. purchased a new stake in Weis Markets in the 4th quarter valued at about $110,000. PFG Advisors purchased a new stake in Weis Markets in the 4th quarter valued at about $219,000. Finally, Versor Investments LP purchased a new stake in Weis Markets in the 4th quarter valued at about $235,000.

Weis Markets Stock Up 2.5%

Shares of WMK opened at $75.93 on Friday. The company has a market cap of $2.04 billion, a price-to-earnings ratio of 21.33 and a beta of 0.55. Weis Markets, Inc. has a twelve month low of $60.93 and a twelve month high of $90.23. The company has a 50 day moving average of $79.60 and a two-hundred day moving average of $74.26.

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

Weis Markets Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend was Monday, May 12th. Weis Markets's dividend payout ratio (DPR) is presently 34.09%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Weis Markets from a "strong-buy" rating to a "buy" rating in a 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.

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