Weis Markets, Inc. (NYSE:WMK) Position Trimmed by Cwm LLC

Cwm LLC trimmed its holdings in shares of Weis Markets, Inc. (NYSE:WMK) by 5.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,700 shares of the company’s stock after selling 859 shares during the period. Cwm LLC’s holdings in Weis Markets were worth $1,004,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in WMK. Victory Capital Management Inc. lifted its position in shares of Weis Markets by 580.9% in the 3rd quarter. Victory Capital Management Inc. now owns 75,480 shares of the company’s stock valued at $4,755,000 after acquiring an additional 64,395 shares in the last quarter. Greenspring Advisors LLC purchased a new stake in shares of Weis Markets in the 4th quarter valued at approximately $2,750,000. Charles Schwab Investment Management Inc. lifted its position in shares of Weis Markets by 6.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 312,603 shares of the company’s stock valued at $19,694,000 after acquiring an additional 17,918 shares in the last quarter. Trexquant Investment LP purchased a new stake in shares of Weis Markets in the 3rd quarter valued at approximately $926,000. Finally, L2 Asset Management LLC purchased a new stake in shares of Weis Markets in the 3rd quarter valued at approximately $693,000.

Weis Markets Trading Down 0.0 %

WMK stock opened at $63.66 on Monday. Weis Markets, Inc. has a 12-month low of $58.75 and a 12-month high of $83.97. The company has a 50 day moving average of $63.20 and a two-hundred day moving average of $63.00.

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

Weis Markets Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 4th. Investors of record on Monday, February 19th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend was Thursday, February 15th. Weis Markets’s payout ratio is presently 35.32%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on WMK shares. TheStreet upgraded shares of Weis Markets from a “c+” rating to a “b-” rating in a research report on Monday, March 18th. StockNews.com upgraded shares of Weis Markets from a “hold” rating to a “buy” rating in a research 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.