Weis Markets, Inc. (NYSE:WMK) Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC raised its holdings in Weis Markets, Inc. (NYSE:WMK - Free Report) by 19.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 23,474 shares of the company's stock after purchasing an additional 3,868 shares during the quarter. Hsbc Holdings PLC owned 0.09% of Weis Markets worth $1,587,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WMK. Sterling Capital Management LLC grew its holdings in Weis Markets by 826.3% during the fourth quarter. Sterling Capital Management LLC now owns 528 shares of the company's stock worth $36,000 after acquiring an additional 471 shares during the period. Blue Trust Inc. grew its position in Weis Markets by 32.8% during the fourth 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 period. Lee Danner & Bass Inc. purchased a new position in Weis Markets in the fourth quarter valued at $110,000. Flagship Harbor Advisors LLC purchased a new position in Weis Markets in the fourth quarter valued at $205,000. Finally, PFG Advisors acquired a new position in shares of Weis Markets in the fourth quarter worth about $219,000.

Weis Markets Stock Performance

Shares of Weis Markets stock traded up $0.48 on Monday, hitting $88.45. The company's stock had a trading volume of 118,894 shares, compared to its average volume of 91,347. The company has a market capitalization of $2.38 billion, a price-to-earnings ratio of 24.85 and a beta of 0.55. Weis Markets, Inc. has a 1 year low of $60.93 and a 1 year high of $89.29. The firm has a fifty day moving average price of $79.39 and a 200-day moving average price of $72.73.

Weis Markets (NYSE:WMK - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $1.29 EPS for the quarter. Weis Markets had a return on equity of 6.85% and a net margin of 2.01%. The business had revenue of $1.23 billion during the quarter.

Weis Markets Dividend Announcement

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