Susquehanna Fundamental Investments LLC Invests $887,000 in Weis Markets, Inc. (NYSE:WMK)

Susquehanna Fundamental Investments LLC purchased a new stake in Weis Markets, Inc. (NYSE:WMK - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 13,100 shares of the company's stock, valued at approximately $887,000.

Several other hedge funds have also modified their holdings of the stock. Blue Trust Inc. grew its stake in Weis Markets by 32.8% during the fourth quarter. Blue Trust Inc. now owns 858 shares of the company's stock worth $59,000 after purchasing an additional 212 shares during the period. DGS Capital Management LLC grew its position in shares of Weis Markets by 7.5% during the fourth quarter. DGS Capital Management LLC now owns 6,608 shares of the company's stock valued at $448,000 after purchasing an additional 460 shares in the last quarter. Sterling Capital Management LLC increased its stake in Weis Markets by 826.3% in the fourth quarter. Sterling Capital Management LLC now owns 528 shares of the company's stock worth $36,000 after purchasing an additional 471 shares during the period. Legal & General Group Plc grew its stake in Weis Markets by 2.8% during the 4th quarter. Legal & General Group Plc now owns 17,451 shares of the company's stock worth $1,182,000 after buying an additional 482 shares during the last quarter. Finally, MetLife Investment Management LLC increased its position in shares of Weis Markets by 6.1% in the fourth quarter. MetLife Investment Management LLC now owns 9,957 shares of the company's stock valued at $674,000 after buying an additional 574 shares in the last quarter.

Weis Markets Stock Down 3.3 %

Weis Markets stock traded down $2.94 during midday trading on Thursday, reaching $85.26. The company's stock had a trading volume of 58,237 shares, compared to its average volume of 92,460. The company has a market cap of $2.29 billion, a P/E ratio of 23.95 and a beta of 0.55. The business has a 50-day simple moving average of $80.28 and a 200-day simple moving average of $73.10. Weis Markets, Inc. has a fifty-two week low of $60.93 and a fifty-two week high of $90.23.

Weis Markets (NYSE:WMK - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.76 earnings per share for the quarter. Weis Markets had a net margin of 2.01% and a return on equity of 6.85%. The company had revenue of $1.20 billion during the quarter.

Weis Markets Announces Dividend

The company also recently announced 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 is Monday, May 12th. This represents a $1.36 dividend on an annualized basis and a yield of 1.60%. Weis Markets's payout ratio is presently 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.