Norges Bank Acquires New Stake in Weis Markets, Inc. (NYSE:WMK)

Norges Bank purchased a new position in Weis Markets, Inc. (NYSE:WMK - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 50,466 shares of the company's stock, valued at approximately $3,418,000. Norges Bank owned approximately 0.19% of Weis Markets as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in WMK. Blue Trust Inc. lifted its position 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 purchasing an additional 212 shares during the last quarter. Lee Danner & Bass Inc. acquired a new position in Weis Markets in the fourth quarter valued at approximately $110,000. Flagship Harbor Advisors LLC acquired a new stake in Weis Markets during the fourth quarter worth approximately $205,000. PFG Advisors purchased a new stake in shares of Weis Markets during the 4th quarter worth approximately $219,000. Finally, Versor Investments LP acquired a new position in shares of Weis Markets in the 4th quarter valued at $235,000.

Weis Markets Stock Up 0.7 %

WMK traded up $0.52 on Wednesday, reaching $80.30. The company had a trading volume of 6,279 shares, compared to its average volume of 89,246. The stock has a 50-day moving average price of $76.18 and a 200-day moving average price of $71.05. The stock has a market capitalization of $2.16 billion, a PE ratio of 22.56 and a beta of 0.67. Weis Markets, Inc. has a 1 year low of $60.91 and a 1 year high of $83.40.

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

Weis Markets Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.34 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.36 annualized dividend and a dividend yield of 1.69%. Weis Markets's dividend payout ratio (DPR) is 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.