Weis Markets, Inc. (NYSE:WMK) Stock Position Cut by Squarepoint Ops LLC

Squarepoint Ops LLC lowered its holdings in Weis Markets, Inc. (NYSE:WMK - Free Report) by 75.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,267 shares of the company's stock after selling 13,395 shares during the period. Squarepoint Ops LLC's holdings in Weis Markets were worth $289,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Weis Markets in the fourth quarter worth about $344,000. Proficio Capital Partners LLC bought a new position in Weis Markets during the fourth quarter valued at approximately $1,169,000. Barclays PLC raised its position in Weis Markets by 354.5% during the third quarter. Barclays PLC now owns 27,459 shares of the company's stock valued at $1,893,000 after acquiring an additional 21,418 shares in the last quarter. Empowered Funds LLC raised its position in Weis Markets by 521.2% during the fourth quarter. Empowered Funds LLC now owns 69,309 shares of the company's stock valued at $4,694,000 after acquiring an additional 58,151 shares in the last quarter. Finally, Versor Investments LP bought a new position in shares of Weis Markets in the fourth quarter valued at approximately $235,000.

Weis Markets Trading Up 2.5%

Shares of WMK stock opened at $75.93 on Friday. Weis Markets, Inc. has a 1 year low of $60.93 and a 1 year high of $90.23. The firm's fifty day simple moving average is $79.60 and its 200 day simple moving average is $74.26. The firm has a market capitalization of $2.04 billion, a P/E ratio of 21.33 and a beta of 0.55.

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

Weis Markets Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were paid a $0.34 dividend. 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 dividend payout ratio is presently 34.09%.

Wall Street Analysts Forecast Growth

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

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