Bridgeway Capital Management LLC Buys 52,134 Shares of Weis Markets, Inc. (NYSE:WMK)

Bridgeway Capital Management LLC raised its position in shares of Weis Markets, Inc. (NYSE:WMK - Free Report) by 259.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 72,233 shares of the company's stock after purchasing an additional 52,134 shares during the quarter. Bridgeway Capital Management LLC owned about 0.27% of Weis Markets worth $4,892,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its position 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. lifted its stake in Weis Markets by 14.8% during the fourth quarter. American Century Companies Inc. now owns 485,287 shares of the company's stock valued at $32,864,000 after buying an additional 62,472 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Weis Markets by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 442,810 shares of the company's stock worth $29,994,000 after buying an additional 7,846 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Weis Markets by 4.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 420,276 shares of the company's stock worth $28,461,000 after acquiring an additional 17,479 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Weis Markets by 9.1% in the fourth quarter. Northern Trust Corp now owns 166,968 shares of the company's stock worth $11,307,000 after acquiring an additional 13,887 shares in the last quarter.

Weis Markets Stock Down 1.9%

Shares of Weis Markets stock traded down $1.48 on Tuesday, hitting $76.98. 63,073 shares of the company traded hands, compared to its average volume of 93,677. Weis Markets, Inc. has a 12-month low of $60.93 and a 12-month high of $90.23. The company has a market cap of $2.07 billion, a PE ratio of 21.62 and a beta of 0.55. The company has a 50-day moving average price of $80.66 and a 200 day moving average price of $73.56.

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

Weis Markets Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th will be given a $0.34 dividend. The ex-dividend date is Monday, May 12th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.77%. Weis Markets's dividend payout ratio is currently 34.09%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Weis Markets from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 8th.

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.