Weis Markets, Inc. (NYSE:WMK) Shares Bought by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC grew its stake in Weis Markets, Inc. (NYSE:WMK - Free Report) by 259.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 72,233 shares of the company's stock after purchasing an additional 52,134 shares during the period. Bridgeway Capital Management LLC owned about 0.27% of Weis Markets worth $4,892,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in WMK. Sterling Capital Management LLC grew its position in Weis Markets by 826.3% during the fourth quarter. Sterling Capital Management LLC now owns 528 shares of the company's stock valued at $36,000 after buying an additional 471 shares during the period. Blue Trust Inc. grew 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 valued at $59,000 after acquiring an additional 212 shares during the period. Lee Danner & Bass Inc. purchased a new position in shares of Weis Markets in the 4th quarter valued at about $110,000. Flagship Harbor Advisors LLC purchased a new position in shares of Weis Markets in the 4th quarter valued at about $205,000. Finally, PFG Advisors purchased a new position in Weis Markets during the fourth quarter worth approximately $219,000.

Weis Markets Price Performance

Weis Markets stock opened at $88.41 on Thursday. The stock has a market capitalization of $2.38 billion, a PE ratio of 24.83 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 12 month low of $60.93 and a 12 month high of $90.23.

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

Weis Markets Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 12th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.36 annualized dividend and a dividend yield of 1.54%. Weis Markets's dividend payout ratio (DPR) is presently 33.25%.

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.

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