DekaBank Deutsche Girozentrale Has $472,000 Stock Position in Weis Markets, Inc. (NYSE:WMK)

DekaBank Deutsche Girozentrale lowered its holdings in shares of Weis Markets, Inc. (NYSE:WMK) by 21.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,416 shares of the company’s stock after selling 2,040 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Weis Markets were worth $472,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Franklin Resources Inc. boosted its holdings in Weis Markets by 5.3% in the second quarter. Franklin Resources Inc. now owns 3,235 shares of the company’s stock worth $240,000 after acquiring an additional 162 shares in the last quarter. Inspire Investing LLC boosted its holdings in Weis Markets by 3.7% in the third quarter. Inspire Investing LLC now owns 5,592 shares of the company’s stock worth $352,000 after acquiring an additional 198 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Weis Markets by 3.0% in the second quarter. The Manufacturers Life Insurance Company now owns 7,029 shares of the company’s stock worth $451,000 after acquiring an additional 202 shares in the last quarter. Money Concepts Capital Corp boosted its holdings in Weis Markets by 3.2% in the fourth quarter. Money Concepts Capital Corp now owns 6,900 shares of the company’s stock worth $568,000 after acquiring an additional 215 shares in the last quarter. Finally, State of Wyoming boosted its holdings in Weis Markets by 11.9% in the fourth quarter. State of Wyoming now owns 2,146 shares of the company’s stock worth $177,000 after acquiring an additional 229 shares in the last quarter.

Weis Markets Stock Performance

WMK stock opened at $61.67 on Tuesday. Weis Markets, Inc. has a twelve month low of $58.75 and a twelve month high of $86.67. The stock’s 50 day moving average is $62.73 and its 200-day moving average is $63.04.

Weis Markets (NYSE:WMK) last posted its earnings results on Tuesday, February 27th. The company reported $0.76 earnings per share for the quarter. Weis Markets had a return on equity of 7.69% and a net margin of 2.21%. The company had revenue of $1.21 billion for the quarter.

Weis Markets Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 4th. Investors of record on Monday, February 19th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date was Thursday, February 15th. Weis Markets’s payout ratio is 35.32%.

Analysts Set New Price Targets

WMK has been the topic of several recent research reports. TheStreet upgraded Weis Markets from a “c+” rating to a “b-” rating in a report on Monday, March 18th. StockNews.com upgraded Weis Markets from a “hold” rating to a “buy” rating in a report on Thursday, March 7th.

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.