First Trust Advisors LP Sells 4,044 Shares of Weis Markets, Inc. (NYSE:WMK)

First Trust Advisors LP lessened its stake in shares of Weis Markets, Inc. (NYSE:WMK - Free Report) by 6.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 57,673 shares of the company's stock after selling 4,044 shares during the period. First Trust Advisors LP owned about 0.21% of Weis Markets worth $3,906,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. American Century Companies Inc. lifted its holdings in shares of Weis Markets by 14.8% in the fourth quarter. American Century Companies Inc. now owns 485,287 shares of the company's stock valued at $32,864,000 after purchasing an additional 62,472 shares in the last quarter. Empowered Funds LLC increased its stake 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 during the period. Norges Bank acquired a new position in Weis Markets in the 4th quarter valued at approximately $3,418,000. Vanguard Group Inc. lifted its position in shares of Weis Markets by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 1,842,882 shares of the company's stock worth $124,800,000 after acquiring an additional 30,772 shares during the period. Finally, ExodusPoint Capital Management LP acquired a new stake in shares of Weis Markets during the 4th quarter worth approximately $1,502,000.

Weis Markets Stock Down 3.3 %

Weis Markets stock traded down $2.90 on Thursday, hitting $85.30. The company's stock had a trading volume of 29,605 shares, compared to its average volume of 92,317. The company has a fifty day moving average price of $80.28 and a 200-day moving average price of $73.10. Weis Markets, Inc. has a one year low of $60.93 and a one year high of $90.23. The firm has a market cap of $2.29 billion, a P/E ratio of 23.96 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 earnings per share for the quarter. Weis Markets had a net margin of 2.01% and a return on equity of 6.85%. The company had revenue of $1.20 billion during the quarter.

Weis Markets Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th will be paid a $0.34 dividend. The ex-dividend date is Monday, May 12th. This represents a $1.36 annualized dividend and a dividend yield of 1.59%. Weis Markets's dividend payout ratio (DPR) is currently 33.25%.

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.