Voloridge Investment Management LLC Cuts Stock Holdings 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% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,005 shares of the company's stock after selling 3,295 shares during the period. Voloridge Investment Management LLC owned 0.17% of Weis Markets worth $3,183,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Sterling Capital Management LLC boosted its stake in Weis Markets by 826.3% in the fourth quarter. Sterling Capital Management LLC now owns 528 shares of the company's stock valued at $36,000 after acquiring an additional 471 shares in the last quarter. Blue Trust Inc. boosted its stake in 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 acquiring an additional 212 shares in the last quarter. State of Wyoming acquired a new position in Weis Markets in the fourth quarter valued at $104,000. Lee Danner & Bass Inc. acquired a new position in Weis Markets in the fourth quarter valued at $110,000. Finally, Flagship Harbor Advisors LLC acquired a new position in Weis Markets in the fourth quarter valued at $205,000.

Weis Markets Stock Performance

NYSE WMK traded down $2.38 during trading hours on Friday, hitting $75.86. The company had a trading volume of 142,158 shares, compared to its average volume of 97,371. Weis Markets, Inc. has a 1-year low of $60.93 and a 1-year high of $90.23. The company has a market cap of $2.04 billion, a PE ratio of 21.31 and a beta of 0.55. The business has a 50 day moving average of $79.84 and a 200-day moving average of $74.17.

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 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 Announces Dividend

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

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of 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.