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

Vanguard Group Inc. lowered its holdings in shares of Weis Markets, Inc. (NYSE:WMK) by 18.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,550,037 shares of the company’s stock after selling 347,045 shares during the quarter. Vanguard Group Inc. owned approximately 6.26% of Weis Markets worth $111,401,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Royal Bank of Canada raised its stake in shares of Weis Markets by 17.5% during the 1st quarter. Royal Bank of Canada now owns 8,120 shares of the company’s stock worth $626,000 after buying an additional 1,212 shares during the period. AQR Capital Management LLC increased its holdings in Weis Markets by 9.2% in the 1st quarter. AQR Capital Management LLC now owns 14,798 shares of the company’s stock worth $1,140,000 after acquiring an additional 1,242 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Weis Markets by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,775 shares of the company’s stock worth $753,000 after acquiring an additional 405 shares during the period. Teacher Retirement System of Texas lifted its holdings in Weis Markets by 2.9% during the second quarter. Teacher Retirement System of Texas now owns 7,672 shares of the company’s stock valued at $556,000 after purchasing an additional 219 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Weis Markets by 2.4% during the second quarter. Bank of New York Mellon Corp now owns 274,529 shares of the company’s stock valued at $19,901,000 after purchasing an additional 6,431 shares in the last quarter.

Weis Markets Stock Down 1.3%

Shares of NYSE:WMK opened at $65.68 on Thursday. Weis Markets, Inc. has a 52-week low of $61.53 and a 52-week high of $90.23. The stock has a market cap of $1.63 billion, a P/E ratio of 17.28 and a beta of 0.46. The business has a fifty day moving average of $69.07 and a two-hundred day moving average of $68.73.

Weis Markets Dividend Announcement

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

Analysts Set New Price Targets

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

Weis Markets 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.