Vest Financial LLC Makes New Investment in Weis Markets, Inc. (NYSE:WMK)

Vest Financial LLC acquired a new position in Weis Markets, Inc. (NYSE:WMK - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,232 shares of the company's stock, valued at approximately $865,000.

Other institutional investors have also added to or reduced their stakes in the company. Sterling Capital Management LLC raised its holdings in Weis Markets by 826.3% in 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 in the last quarter. Blue Trust Inc. raised its holdings in Weis Markets by 32.8% in the 4th quarter. Blue Trust Inc. now owns 858 shares of the company's stock worth $59,000 after purchasing an additional 212 shares in the last quarter. State of Wyoming bought a new position in Weis Markets in the 4th quarter worth $104,000. Lee Danner & Bass Inc. bought a new position in Weis Markets in the 4th quarter worth $110,000. Finally, PFG Advisors bought a new position in shares of Weis Markets in the 4th quarter worth about $219,000.

Analyst Ratings Changes

Separately, Wall Street Zen lowered 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

Shares of Weis Markets stock opened at $75.93 on Monday. The company has a 50-day moving average of $79.60 and a 200 day moving average of $74.31. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of 21.33 and a beta of 0.47. 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 (EPS) for the quarter. The company had revenue of $1.20 billion during the quarter. Weis Markets had a net margin of 2.01% and a return on equity of 6.85%.

Weis Markets Announces Dividend

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

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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