Allianz Asset Management GmbH Buys 36,802 Shares of Weis Markets, Inc. $WMK

Allianz Asset Management GmbH boosted its stake in Weis Markets, Inc. (NYSE:WMK) by 22.0% during the third quarter, Holdings Channel.com reports. The firm owned 204,215 shares of the company’s stock after buying an additional 36,802 shares during the period. Allianz Asset Management GmbH’s holdings in Weis Markets were worth $14,677,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. American Century Companies Inc. grew its holdings in shares of Weis Markets by 9.6% in the second quarter. American Century Companies Inc. now owns 588,207 shares of the company’s stock worth $42,639,000 after purchasing an additional 51,356 shares during the last quarter. Geode Capital Management LLC boosted its position in Weis Markets by 2.4% during the 2nd quarter. Geode Capital Management LLC now owns 484,474 shares of the company’s stock valued at $35,123,000 after buying an additional 11,135 shares during the period. Bank of New York Mellon Corp boosted its position in Weis Markets by 2.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 274,529 shares of the company’s stock valued at $19,901,000 after buying an additional 6,431 shares during the period. Bridgeway Capital Management LLC grew its holdings in Weis Markets by 5.2% in the 2nd quarter. Bridgeway Capital Management LLC now owns 99,736 shares of the company’s stock worth $7,230,000 after acquiring an additional 4,947 shares during the last quarter. Finally, Empowered Funds LLC increased its position in shares of Weis Markets by 5.4% in the second quarter. Empowered Funds LLC now owns 96,812 shares of the company’s stock valued at $7,018,000 after acquiring an additional 4,947 shares during the period.

Weis Markets Trading Down 0.2%

NYSE:WMK opened at $73.80 on Friday. Weis Markets, Inc. has a 12 month low of $61.53 and a 12 month high of $90.23. The company has a 50-day moving average price of $67.46 and a 200-day moving average price of $68.92. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 19.42 and a beta of 0.46.

Weis Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, February 17th. Weis Markets’s payout ratio is presently 35.79%.

Wall Street Analysts Forecast Growth

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

Weis Markets Company Profile

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.