Northern Trust Corp Buys 13,887 Shares of Weis Markets, Inc. (NYSE:WMK)

Northern Trust Corp boosted its stake in shares of Weis Markets, Inc. (NYSE:WMK - Free Report) by 9.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 166,968 shares of the company's stock after buying an additional 13,887 shares during the period. Northern Trust Corp owned about 0.62% of Weis Markets worth $11,307,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings 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 valued at $124,800,000 after purchasing an additional 30,772 shares during the period. American Century Companies Inc. increased its holdings in shares of Weis Markets by 14.8% in the 4th 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 during the period. Geode Capital Management LLC increased its holdings in shares of Weis Markets by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 442,810 shares of the company's stock valued at $29,994,000 after purchasing an additional 7,846 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Weis Markets by 4.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 420,276 shares of the company's stock valued at $28,461,000 after purchasing an additional 17,479 shares during the period. Finally, Empowered Funds LLC increased its holdings in shares of Weis Markets by 521.2% in the 4th quarter. Empowered Funds LLC now owns 69,309 shares of the company's stock valued at $4,694,000 after purchasing an additional 58,151 shares during the period.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded Weis Markets from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 8th.

Weis Markets Stock Performance

Shares of NYSE WMK traded down $0.48 during trading hours on Thursday, hitting $73.34. The stock had a trading volume of 104,002 shares, compared to its average volume of 95,839. The company has a market capitalization of $1.97 billion, a P/E ratio of 20.60 and a beta of 0.55. The firm's 50-day moving average price is $80.02 and its two-hundred day moving average price is $74.05. Weis Markets, Inc. has a 52 week low of $60.93 and a 52 week high of $90.23.

Weis Markets (NYSE:WMK - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.76 EPS for the quarter. The business had revenue of $1.20 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 company also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 12th will be paid 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 1.85%. Weis Markets's payout ratio is 34.09%.

Weis Markets 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.