LSV Asset Management grew its position in Weis Markets, Inc. (NYSE:WMK) by 57.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 89,811 shares of the company’s stock after acquiring an additional 32,711 shares during the quarter. LSV Asset Management owned approximately 0.33% of Weis Markets worth $3,717,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Schwab Charles Investment Management Inc. grew its stake in Weis Markets by 28.3% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 117,933 shares of the company’s stock worth $4,882,000 after buying an additional 26,047 shares during the last quarter. GSA Capital Partners LLP bought a new position in Weis Markets during the 3rd quarter worth $1,052,000. Royce & Associates LP grew its stake in Weis Markets by 0.7% during the 3rd quarter. Royce & Associates LP now owns 1,430,500 shares of the company’s stock worth $62,227,000 after buying an additional 10,000 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Weis Markets by 1.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,109,061 shares of the company’s stock worth $48,245,000 after buying an additional 16,062 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in Weis Markets by 14.7% during the 3rd quarter. Wells Fargo & Company MN now owns 23,374 shares of the company’s stock worth $1,017,000 after buying an additional 3,004 shares during the last quarter. Institutional investors and hedge funds own 31.77% of the company’s stock.
Shares of Weis Markets, Inc. (NYSE:WMK) traded up $0.83 during mid-day trading on Wednesday, reaching $38.38. The company’s stock had a trading volume of 64,692 shares, compared to its average volume of 109,247. 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 one year low of $31.26 and a one year high of $66.25. The firm has a market cap of $1,062.47, a price-to-earnings ratio of 14.06 and a beta of 0.62.
The firm also recently declared a quarterly dividend, which will be paid on Monday, February 26th. Shareholders of record on Monday, February 12th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, February 9th. This represents a $1.20 dividend on an annualized basis and a yield of 3.13%. Weis Markets’s dividend payout ratio (DPR) is presently 42.70%.
Separately, TheStreet downgraded Weis Markets from a “b-” rating to a “c” rating in a research note on Friday, December 8th.
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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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