Vest Financial LLC Takes Position in Weis Markets, Inc. (NYSE:WMK)

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

Several other large investors also recently made changes to their positions in WMK. American Century Companies Inc. lifted its holdings in Weis Markets by 14.8% during the 4th quarter. American Century Companies Inc. now owns 485,287 shares of the company's stock worth $32,864,000 after purchasing an additional 62,472 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Weis Markets by 521.2% during the fourth quarter. Empowered Funds LLC now owns 69,309 shares of the company's stock worth $4,694,000 after purchasing an additional 58,151 shares during the last quarter. Bridgeway Capital Management LLC raised its position 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 during the last quarter. Norges Bank bought a new stake in Weis Markets in the fourth quarter valued at approximately $3,418,000. Finally, Vanguard Group Inc. increased its position in shares of Weis Markets by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 1,842,882 shares of the company's stock worth $124,800,000 after buying an additional 30,772 shares during the period.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Weis Markets from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 8th.

Weis Markets Stock Performance

WMK traded down $0.60 during mid-day trading on Thursday, reaching $73.92. 89,749 shares of the stock were exchanged, compared to its average volume of 98,436. Weis Markets, Inc. has a 1 year low of $60.93 and a 1 year high of $90.23. The stock has a market capitalization of $1.99 billion, a PE ratio of 20.76 and a beta of 0.47. The company has a 50 day moving average price of $79.41 and a two-hundred day moving average price of $74.36.

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

Weis Markets Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend was Monday, May 12th. Weis Markets's dividend payout ratio is currently 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.