PFG Advisors Takes Position in Weis Markets, Inc. (NYSE:WMK)

PFG Advisors bought a new position in Weis Markets, Inc. (NYSE:WMK) in the 4th quarter, Holdings Channel reports. The fund bought 3,236 shares of the company’s stock, valued at approximately $219,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its stake in shares of Weis Markets by 79.8% in the third quarter. Victory Capital Management Inc. now owns 20,261 shares of the company’s stock worth $1,397,000 after purchasing an additional 8,990 shares in the last quarter. Prospera Private Wealth LLC bought a new position in Weis Markets in the 3rd quarter worth $44,000. Charles Schwab Investment Management Inc. increased its stake in Weis Markets by 3.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 402,797 shares of the company’s stock worth $27,765,000 after buying an additional 13,946 shares in the last quarter. FMR LLC raised its holdings in Weis Markets by 22.3% during the third quarter. FMR LLC now owns 25,628 shares of the company’s stock valued at $1,767,000 after acquiring an additional 4,678 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Weis Markets by 61.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,649 shares of the company’s stock valued at $252,000 after acquiring an additional 1,391 shares in the last quarter.

Weis Markets Trading Up 0.8 %

NYSE:WMK opened at $78.12 on Friday. The stock has a 50-day moving average price of $70.59 and a 200 day moving average price of $69.38. The stock has a market capitalization of $2.10 billion, a P/E ratio of 21.94 and a beta of 0.53. Weis Markets, Inc. has a 12-month low of $60.39 and a 12-month high of $83.09.

Weis Markets (NYSE:WMK) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $1.29 earnings per share (EPS) for the quarter. Weis Markets had a net margin of 2.01% and a return on equity of 6.85%. The business had revenue of $1.23 billion during the quarter.

Weis Markets Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend was Tuesday, February 18th. Weis Markets’s payout ratio is currently 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.