Invesco Ltd. decreased its holdings in shares of Weis Markets, Inc. (NYSE:WMK - Free Report) by 7.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,317 shares of the company's stock after selling 7,888 shares during the period. Invesco Ltd. owned 0.37% of Weis Markets worth $6,726,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in WMK. Blue Trust Inc. boosted its holdings in shares of 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 buying an additional 212 shares in the last quarter. Lee Danner & Bass Inc. bought a new position in Weis Markets during the fourth quarter worth $110,000. Flagship Harbor Advisors LLC acquired a new stake in Weis Markets in the fourth quarter worth $205,000. PFG Advisors bought a new stake in Weis Markets in the fourth quarter valued at $219,000. Finally, Versor Investments LP acquired a new position in shares of Weis Markets during the fourth quarter valued at about $235,000.
Weis Markets Price Performance
Shares of WMK traded up $1.76 during trading hours on Wednesday, hitting $86.00. The stock had a trading volume of 178,972 shares, compared to its average volume of 90,739. Weis Markets, Inc. has a 1-year low of $60.93 and a 1-year high of $86.83. The firm has a market capitalization of $2.31 billion, a P/E ratio of 24.16 and a beta of 0.67. The firm has a 50 day simple moving average of $78.83 and a 200-day simple moving average of $72.33.
Weis Markets (NYSE:WMK - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported $1.29 earnings per share for the quarter. Weis Markets had a return on equity of 6.85% and a net margin of 2.01%. The company had revenue of $1.23 billion for the quarter.
Weis Markets Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend was Tuesday, February 18th. Weis Markets's dividend payout ratio is currently 33.25%.
About Weis Markets
(
Free Report)
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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