Voloridge Investment Management LLC Has $3.18 Million Stock Position in Weis Markets, Inc. (NYSE:WMK)

Voloridge Investment Management LLC lowered its position in shares of Weis Markets, Inc. (NYSE:WMK - Free Report) by 6.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 47,005 shares of the company's stock after selling 3,295 shares during the period. Voloridge Investment Management LLC owned about 0.17% of Weis Markets worth $3,183,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of WMK. Sterling Capital Management LLC grew its position in shares of Weis Markets by 826.3% in the 4th quarter. Sterling Capital Management LLC now owns 528 shares of the company's stock valued at $36,000 after buying an additional 471 shares during the last quarter. Blue Trust Inc. grew its position in shares of Weis Markets by 32.8% in the 4th quarter. Blue Trust Inc. now owns 858 shares of the company's stock valued at $59,000 after buying an additional 212 shares during the last quarter. State of Wyoming bought a new stake in shares of Weis Markets in the 4th quarter valued at about $104,000. Lee Danner & Bass Inc. bought a new stake in shares of Weis Markets in the 4th quarter valued at about $110,000. Finally, Flagship Harbor Advisors LLC bought a new stake in shares of Weis Markets in the 4th quarter valued at about $205,000.

Weis Markets Price Performance

Shares of Weis Markets stock traded down $2.38 on Friday, hitting $75.86. 142,158 shares of the company's stock traded hands, compared to its average volume of 97,347. Weis Markets, Inc. has a one year low of $60.93 and a one year high of $90.23. The company has a fifty day moving average of $79.84 and a two-hundred day moving average of $74.17. 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 announced its earnings results on Wednesday, May 7th. The company reported $0.76 EPS for the quarter. Weis Markets had a return on equity of 6.85% and a net margin of 2.01%. The company had revenue of $1.20 billion for the quarter.

Weis Markets Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were given a dividend of $0.34 per share. The ex-dividend date 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%.

Analyst Upgrades and Downgrades

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