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

Nuveen Asset Management LLC cut its holdings in shares of Weis Markets, Inc. (NYSE:WMK - Free Report) by 56.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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.

Other large investors have also bought and sold shares of the company. Sterling Capital Management LLC grew 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 acquiring an additional 471 shares during the last quarter. Blue Trust Inc. increased its holdings 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 purchasing an additional 212 shares in the last quarter. Lee Danner & Bass Inc. acquired a new stake in shares of Weis Markets in the fourth quarter valued at approximately $110,000. PFG Advisors acquired a new stake in shares of Weis Markets in the fourth quarter valued at approximately $219,000. Finally, Versor Investments LP acquired a new stake in shares of Weis Markets in the fourth quarter valued at approximately $235,000.

Weis Markets Trading Down 0.6%

Shares of Weis Markets stock traded down $0.43 during midday trading on Monday, reaching $75.37. The company had a trading volume of 111,643 shares, compared to its average volume of 97,404. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of 21.17 and a beta of 0.55. The stock has a fifty day simple moving average of $79.84 and a 200 day simple moving average of $74.17. Weis Markets, Inc. has a 1-year low of $60.93 and a 1-year high of $90.23.

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 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 during the quarter.

Weis Markets Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders 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 1.80%. The ex-dividend date was Monday, May 12th. Weis Markets's dividend payout ratio is presently 34.09%.

Analyst Upgrades and Downgrades

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.

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.