Martin & Co. Inc. TN trimmed its position in Weis Markets, Inc. (NYSE:WMK) by 8.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,380 shares of the company’s stock after selling 3,450 shares during the quarter. Martin & Co. Inc. TN owned about 0.14% of Weis Markets worth $1,626,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Russell Investments Group Ltd. raised its stake in shares of Weis Markets by 8.8% in the second quarter. Russell Investments Group Ltd. now owns 2,980 shares of the company’s stock worth $145,000 after purchasing an additional 240 shares during the last quarter. Airain ltd purchased a new position in shares of Weis Markets in the second quarter worth about $248,000. Citadel Advisors LLC purchased a new position in shares of Weis Markets in the second quarter worth about $256,000. Trexquant Investment LP purchased a new position in shares of Weis Markets in the third quarter worth about $269,000. Finally, Yorktown Management & Research Co Inc purchased a new position in shares of Weis Markets in the third quarter worth about $272,000. Hedge funds and other institutional investors own 31.91% of the company’s stock.

Shares of Weis Markets, Inc. (NYSE WMK) traded down $0.16 during mid-day trading on Wednesday, reaching $41.22. The company had a trading volume of 61,300 shares, compared to its average volume of 93,084. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.80 and a current ratio of 1.91. The stock has a market capitalization of $1,113.04, a PE ratio of 14.73 and a beta of 0.69. Weis Markets, Inc. has a 52 week low of $31.26 and a 52 week high of $68.88.

Weis Markets (NYSE:WMK) last announced its quarterly earnings results on Friday, November 3rd. The company reported $0.16 earnings per share for the quarter. The company had revenue of $854.26 million during the quarter. Weis Markets had a return on equity of 8.13% and a net margin of 2.16%.

The business also recently declared a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Monday, November 6th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.91%. The ex-dividend date was Friday, November 3rd. Weis Markets’s dividend payout ratio is currently 42.70%.

Separately, TheStreet cut Weis Markets from a “b-” rating to a “c” rating in a research report on Friday, December 8th.

In related news, CFO Scott F. Frost purchased 600 shares of Weis Markets stock in a transaction that occurred on Monday, September 18th. The stock was bought at an average cost of $42.85 per share, for a total transaction of $25,710.00. Following the completion of the transaction, the chief financial officer now owns 1,961 shares in the company, valued at $84,028.85. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Edward John Lauth III purchased 2,000 shares of Weis Markets stock in a transaction that occurred on Tuesday, November 7th. The shares were bought at an average price of $34.77 per share, with a total value of $69,540.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $173,850. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 13,200 shares of company stock valued at $463,814. 26.90% of the stock is owned by company insiders.

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Weis Markets Company Profile

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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Institutional Ownership by Quarter for Weis Markets (NYSE:WMK)

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