Weis Markets, Inc. (NYSE:WMK) Shares Sold by Vestcor Inc

Vestcor Inc decreased its holdings in shares of Weis Markets, Inc. (NYSE:WMK) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,011 shares of the company’s stock after selling 761 shares during the quarter. Vestcor Inc owned about 0.11% of Weis Markets worth $2,032,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WMK. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Weis Markets during the 4th quarter worth $344,000. PFG Advisors acquired a new position in Weis Markets in the fourth quarter valued at about $219,000. AlphaQuest LLC boosted its stake in Weis Markets by 30.7% during the fourth quarter. AlphaQuest LLC now owns 5,061 shares of the company’s stock worth $343,000 after buying an additional 1,189 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Weis Markets during the fourth quarter valued at about $1,169,000. Finally, Victory Capital Management Inc. raised its stake in shares of Weis Markets by 30.0% in the 4th quarter. Victory Capital Management Inc. now owns 26,342 shares of the company’s stock valued at $1,784,000 after acquiring an additional 6,081 shares during the period.

Weis Markets Stock Performance

NYSE:WMK opened at $78.12 on Friday. Weis Markets, Inc. has a fifty-two week low of $60.39 and a fifty-two week high of $83.09. The company has a 50 day moving average price of $70.39 and a 200 day moving average price of $69.27. The stock has a market capitalization of $2.10 billion, a P/E ratio of 21.94 and a beta of 0.53.

Weis Markets (NYSE:WMK) last released its quarterly earnings results on Tuesday, February 25th. The company reported $1.29 EPS for the quarter. The company had revenue of $1.23 billion for the quarter. Weis Markets had a return on equity of 6.85% and a net margin of 2.01%.

Weis Markets Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend was Tuesday, February 18th. Weis Markets’s dividend payout ratio is currently 33.25%.

Weis Markets 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.