DekaBank Deutsche Girozentrale Sells 2,040 Shares of Weis Markets, Inc. (NYSE:WMK)

DekaBank Deutsche Girozentrale lessened its stake in Weis Markets, Inc. (NYSE:WMK) by 21.6% in the fourth quarter, HoldingsChannel reports. The fund owned 7,416 shares of the company’s stock after selling 2,040 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Weis Markets were worth $472,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Weis Markets by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,807,956 shares of the company’s stock valued at $113,901,000 after acquiring an additional 9,636 shares during the last quarter. State Street Corp increased its holdings in Weis Markets by 2.8% during the 2nd quarter. State Street Corp now owns 399,409 shares of the company’s stock valued at $25,646,000 after purchasing an additional 10,888 shares during the period. Renaissance Technologies LLC increased its holdings in Weis Markets by 3.9% during the 1st quarter. Renaissance Technologies LLC now owns 363,625 shares of the company’s stock valued at $30,788,000 after purchasing an additional 13,589 shares during the period. Geode Capital Management LLC increased its holdings in Weis Markets by 3.9% during the 2nd quarter. Geode Capital Management LLC now owns 354,370 shares of the company’s stock valued at $22,754,000 after purchasing an additional 13,160 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Weis Markets by 1.4% during the 1st quarter. Bank of New York Mellon Corp now owns 343,218 shares of the company’s stock valued at $24,512,000 after purchasing an additional 4,667 shares during the period.

Weis Markets Trading Up 0.1 %

WMK stock opened at $61.67 on Tuesday. Weis Markets, Inc. has a fifty-two week low of $58.75 and a fifty-two week high of $86.67. The business’s 50 day moving average price is $62.73 and its two-hundred day moving average price is $63.04.

Weis Markets (NYSE:WMK) last posted its earnings results on Tuesday, February 27th. The company reported $0.76 earnings per share for the quarter. Weis Markets had a return on equity of 7.69% and a net margin of 2.21%. The firm had revenue of $1.21 billion for the quarter.

Weis Markets Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 4th. Shareholders of record on Monday, February 19th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.21%. Weis Markets’s dividend payout ratio (DPR) is 35.32%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. TheStreet upgraded Weis Markets from a “c+” rating to a “b-” rating in a report on Monday, March 18th. StockNews.com upgraded Weis Markets from a “hold” rating to a “buy” rating in a report on Thursday, March 7th.

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.