PFG Advisors Takes Position in Weis Markets, Inc. (NYSE:WMK)

PFG Advisors purchased a new position in Weis Markets, Inc. (NYSE:WMK) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,236 shares of the company’s stock, valued at approximately $219,000.

Other hedge funds have also recently modified their holdings of the company. Martingale Asset Management L P raised its holdings in Weis Markets by 0.7% in the third quarter. Martingale Asset Management L P now owns 20,974 shares of the company’s stock worth $1,446,000 after buying an additional 140 shares during the last quarter. Blue Trust Inc. raised its holdings in Weis Markets by 32.8% in the 4th quarter. Blue Trust Inc. now owns 858 shares of the company’s stock worth $59,000 after acquiring an additional 212 shares during the last quarter. DGS Capital Management LLC boosted its stake in Weis Markets by 6.4% during the 3rd quarter. DGS Capital Management LLC now owns 6,148 shares of the company’s stock valued at $424,000 after purchasing an additional 369 shares during the last quarter. Prospera Private Wealth LLC bought a new stake in shares of Weis Markets in the 3rd quarter worth $44,000. Finally, AlphaQuest LLC lifted its holdings in shares of Weis Markets by 30.7% during the fourth quarter. AlphaQuest LLC now owns 5,061 shares of the company’s stock valued at $343,000 after purchasing an additional 1,189 shares in the last quarter.

Weis Markets Stock Performance

NYSE WMK opened at $78.12 on Friday. Weis Markets, Inc. has a one year low of $60.39 and a one year high of $83.09. The stock has a 50-day moving average of $70.59 and a 200 day moving average of $69.38. The company has a market capitalization of $2.10 billion, a price-to-earnings 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 earnings per share (EPS) for the quarter. The firm 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 Announces Dividend

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

About Weis Markets

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.