Weis Markets, Inc. $WMK Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. trimmed its position in shares of Weis Markets, Inc. (NYSE:WMK) by 18.3% during the third quarter, Holdings Channel reports. The firm owned 1,550,037 shares of the company’s stock after selling 347,045 shares during the quarter. Vanguard Group Inc. owned approximately 0.06% of Weis Markets worth $111,401,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of WMK. EverSource Wealth Advisors LLC boosted its stake in shares of Weis Markets by 107.0% in the second quarter. EverSource Wealth Advisors LLC now owns 356 shares of the company’s stock valued at $26,000 after purchasing an additional 184 shares during the period. Raymond James Financial Inc. acquired a new stake in Weis Markets during the 2nd quarter worth approximately $55,000. State of Alaska Department of Revenue acquired a new stake in Weis Markets during the 3rd quarter worth approximately $74,000. Tower Research Capital LLC TRC boosted its position in Weis Markets by 138.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,330 shares of the company’s stock valued at $96,000 after buying an additional 773 shares during the period. Finally, Osaic Holdings Inc. grew its stake in shares of Weis Markets by 16.4% in the second quarter. Osaic Holdings Inc. now owns 1,591 shares of the company’s stock worth $115,000 after acquiring an additional 224 shares in the last quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Weis Markets in a research note on Tuesday, January 27th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Weis Markets Stock Performance

WMK opened at $65.68 on Thursday. Weis Markets, Inc. has a one year low of $61.53 and a one year high of $90.23. The company has a market cap of $1.63 billion, a P/E ratio of 17.28 and a beta of 0.46. The business’s 50-day simple moving average is $69.07 and its 200-day simple moving average is $68.73.

Weis Markets Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were issued a $0.34 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $1.36 annualized dividend and a dividend yield of 2.1%. Weis Markets’s dividend payout ratio is presently 35.79%.

About Weis Markets

Weis Markets, Inc (NYSE: WMK) is a regional supermarket chain headquartered in Sunbury, Pennsylvania, operating more than 200 stores across the Mid-Atlantic and Eastern Seaboard. Founded in 1912 by Harry and Sigmund Weis as a small produce and egg business, the company has grown into a full-service grocer serving Pennsylvania, Maryland, New York, New Jersey, Delaware, Virginia, West Virginia and Ohio. Weis Markets offers a broad selection of products including fresh produce, bakery, deli, dairy, meat and seafood, alongside grocery, general merchandise and prepared foods.

In addition to traditional grocery offerings, Weis Markets provides pharmacy services in many of its locations, as well as in-store fuel centers at select sites.