Wells Fargo & Company MN lessened its position in Weis Markets, Inc. (NYSE:WMK - Free Report) by 59.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 12,975 shares of the company's stock after selling 18,937 shares during the period. Wells Fargo & Company MN's holdings in Weis Markets were worth $879,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. lifted its holdings in shares of Weis Markets by 32.8% in the fourth quarter. Blue Trust Inc. now owns 858 shares of the company's stock valued at $59,000 after purchasing an additional 212 shares in the last quarter. Lee Danner & Bass Inc. purchased a new stake in Weis Markets in the 4th quarter valued at $110,000. Flagship Harbor Advisors LLC bought a new position in Weis Markets during the 4th quarter valued at $205,000. PFG Advisors purchased a new position in Weis Markets during the 4th quarter worth $219,000. Finally, Versor Investments LP bought a new stake in shares of Weis Markets in the 4th quarter worth $235,000.
Weis Markets Price Performance
Shares of WMK stock traded up $0.29 on Tuesday, hitting $88.76. The stock had a trading volume of 168,358 shares, compared to its average volume of 91,837. The business has a 50 day moving average of $79.99 and a 200 day moving average of $73.00. Weis Markets, Inc. has a 12-month low of $60.93 and a 12-month high of $88.98. The stock has a market cap of $2.39 billion, a price-to-earnings ratio of 24.93 and a beta of 0.55.
Weis Markets (NYSE:WMK - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $1.29 EPS for the quarter. The firm had revenue of $1.23 billion during the quarter. Weis Markets had a net margin of 2.01% and a return on equity of 6.85%.
Weis Markets Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th will be paid 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 1.53%. Weis Markets's dividend payout ratio (DPR) is presently 33.25%.
About Weis Markets
(
Free Report)
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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