Two Sigma Investments LP Has $4.66 Million Stock Position in Weis Markets, Inc. (NYSE:WMK)

Two Sigma Investments LP cut its stake in Weis Markets, Inc. (NYSE:WMK - Free Report) by 12.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 68,874 shares of the company's stock after selling 10,084 shares during the quarter. Two Sigma Investments LP owned 0.26% of Weis Markets worth $4,664,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. State of Wyoming bought a new stake in shares of Weis Markets in the 4th quarter valued at about $104,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake 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 valued at $635,000 after acquiring an additional 367 shares during the last quarter. Graham Capital Management L.P. bought a new stake in Weis Markets during the 4th quarter worth approximately $309,000. Deutsche Bank AG increased its stake in Weis Markets by 12.7% during the 4th quarter. Deutsche Bank AG now owns 41,502 shares of the company's stock worth $2,811,000 after purchasing an additional 4,673 shares in the last quarter. Finally, Bridgeway Capital Management LLC increased its stake in Weis Markets by 259.4% during the 4th quarter. Bridgeway Capital Management LLC now owns 72,233 shares of the company's stock worth $4,892,000 after purchasing an additional 52,134 shares in the last quarter.

Weis Markets Stock Performance

NYSE WMK traded down $2.38 during trading hours on Friday, reaching $75.86. 142,158 shares of the company's stock were exchanged, compared to its average volume of 97,371. The company's 50-day moving average is $79.84 and its two-hundred day moving average is $74.17. Weis Markets, Inc. has a one year low of $60.93 and a one year high of $90.23. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of 21.31 and a beta of 0.55.

Weis Markets (NYSE:WMK - Get Free Report) last posted its 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 business had revenue of $1.20 billion during the quarter.

Weis Markets Announces Dividend

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

Analysts Set New Price Targets

Separately, Wall Street Zen cut Weis Markets from a "strong-buy" rating to a "buy" rating in a research note 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.