Nuveen Asset Management LLC Has $4.71 Million Holdings in Weis Markets, Inc. (NYSE:WMK)

Nuveen Asset Management LLC cut its holdings in Weis Markets, Inc. (NYSE:WMK - Free Report) by 56.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 69,471 shares of the company's stock after selling 88,260 shares during the period. Nuveen Asset Management LLC owned about 0.26% of Weis Markets worth $4,705,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WMK. Sterling Capital Management LLC raised its holdings in shares of Weis Markets by 826.3% in the fourth quarter. Sterling Capital Management LLC now owns 528 shares of the company's stock valued at $36,000 after purchasing an additional 471 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Weis Markets by 32.8% in the fourth quarter. Blue Trust Inc. now owns 858 shares of the company's stock valued at $59,000 after buying an additional 212 shares in the last quarter. Lee Danner & Bass Inc. bought a new position in shares of Weis Markets in the fourth quarter valued at $110,000. PFG Advisors bought a new position in shares of Weis Markets in the fourth quarter valued at $219,000. Finally, Versor Investments LP bought a new position in shares of Weis Markets in the fourth quarter valued at $235,000.

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 note on Thursday, May 8th.

Weis Markets Price Performance

WMK stock traded down $0.83 during midday trading on Wednesday, reaching $73.88. 113,884 shares of the company were exchanged, compared to its average volume of 97,359. The business has a 50-day moving average price of $79.71 and a two-hundred day moving average price of $74.19. Weis Markets, Inc. has a one year low of $60.93 and a one year high of $90.23. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 20.75 and a beta of 0.55.

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

Weis Markets Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were given a $0.34 dividend. The ex-dividend date was Monday, May 12th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.84%. Weis Markets's payout ratio is presently 34.09%.

Weis Markets 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.