LSV Asset Management increased its holdings in Weis Markets, Inc. (NYSE:WMK) by 57.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,811 shares of the company’s stock after purchasing an additional 32,711 shares during the quarter. LSV Asset Management owned 0.33% of Weis Markets worth $3,717,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in WMK. Schwab Charles Investment Management Inc. increased its position in shares of Weis Markets by 23.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 75,227 shares of the company’s stock worth $3,666,000 after acquiring an additional 14,303 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Weis Markets by 11.9% in the second quarter. JPMorgan Chase & Co. now owns 9,010 shares of the company’s stock worth $440,000 after acquiring an additional 956 shares in the last quarter. Nationwide Fund Advisors increased its position in shares of Weis Markets by 5.1% in the second quarter. Nationwide Fund Advisors now owns 8,821 shares of the company’s stock worth $430,000 after acquiring an additional 429 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Weis Markets by 3.2% in the second quarter. Vanguard Group Inc. now owns 1,001,136 shares of the company’s stock worth $48,775,000 after acquiring an additional 31,203 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its position in shares of Weis Markets by 4.0% in the second quarter. Parametric Portfolio Associates LLC now owns 54,515 shares of the company’s stock worth $2,656,000 after acquiring an additional 2,086 shares in the last quarter. 32.42% of the stock is currently owned by institutional investors and hedge funds.
Separately, TheStreet downgraded shares of Weis Markets from a “b-” rating to a “c” rating in a research report on Friday, December 8th.
Weis Markets, Inc. (NYSE:WMK) opened at $37.59 on Wednesday. The firm has a market cap of $1,038.53, a P/E ratio of 13.38 and a beta of 0.62. The company has a quick ratio of 0.80, a current ratio of 1.91 and a debt-to-equity ratio of 0.06. Weis Markets, Inc. has a 1 year low of $31.26 and a 1 year high of $66.25.
The company also recently announced a quarterly dividend, which will be paid on Monday, February 26th. Stockholders of record on Monday, February 12th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend is Friday, February 9th. Weis Markets’s dividend payout ratio (DPR) is currently 42.70%.
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About Weis Markets
Weis Markets, Inc is engaged principally in the retail sale of food 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, fuel and general merchandise items, such as health and beauty care and household products.
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