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

First Trust Advisors LP lowered its holdings in Weis Markets, Inc. (NYSE:WMK - Free Report) by 6.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,673 shares of the company's stock after selling 4,044 shares during the period. First Trust Advisors LP owned approximately 0.21% of Weis Markets worth $3,906,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of WMK. Sterling Capital Management LLC raised its holdings in Weis Markets by 826.3% during the 4th quarter. Sterling Capital Management LLC now owns 528 shares of the company's stock valued at $36,000 after acquiring an additional 471 shares during the period. Blue Trust Inc. lifted its holdings in Weis Markets by 32.8% during the 4th quarter. Blue Trust Inc. now owns 858 shares of the company's stock worth $59,000 after purchasing an additional 212 shares in the last quarter. Lee Danner & Bass Inc. bought a new position in Weis Markets in the 4th quarter worth about $110,000. Flagship Harbor Advisors LLC purchased a new position in Weis Markets during the 4th quarter valued at about $205,000. Finally, PFG Advisors bought a new stake in shares of Weis Markets during the fourth quarter valued at about $219,000.

Weis Markets Trading Up 1.7 %

WMK stock opened at $88.07 on Friday. The firm has a 50 day moving average of $79.39 and a 200-day moving average of $72.64. The firm has a market capitalization of $2.37 billion, a P/E ratio of 24.74 and a beta of 0.67. Weis Markets, Inc. has a 12 month low of $60.93 and a 12 month high of $88.50.

Weis Markets (NYSE:WMK - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The company reported $1.29 EPS 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 $1.23 billion during the quarter.

Weis Markets Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.36 annualized dividend and a dividend yield of 1.54%. Weis Markets's payout ratio is currently 33.25%.

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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