Zurcher Kantonalbank Zurich Cantonalbank Raises Stock Position in Weis Markets, Inc. (NYSE:WMK)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Weis Markets, Inc. (NYSE:WMK) by 4.9% in the fourth quarter, Holdings Channel reports. The firm owned 3,684 shares of the company’s stock after acquiring an additional 171 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Weis Markets were worth $236,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in WMK. Victory Capital Management Inc. lifted its stake in shares of Weis Markets by 580.9% during the third quarter. Victory Capital Management Inc. now owns 75,480 shares of the company’s stock worth $4,755,000 after purchasing an additional 64,395 shares in the last quarter. Greenspring Advisors LLC acquired a new position in Weis Markets during the 4th quarter worth approximately $2,750,000. Charles Schwab Investment Management Inc. boosted its holdings in Weis Markets by 6.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 312,603 shares of the company’s stock worth $19,694,000 after acquiring an additional 17,918 shares during the period. Trexquant Investment LP acquired a new stake in Weis Markets in the third quarter valued at approximately $926,000. Finally, L2 Asset Management LLC purchased a new stake in shares of Weis Markets during the third quarter valued at approximately $693,000.

Analysts Set New Price Targets

WMK has been the subject of several analyst reports. TheStreet upgraded shares of Weis Markets from a “c+” rating to a “b-” rating in a research note on Monday, March 18th. StockNews.com upgraded Weis Markets from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th.

Weis Markets Stock Performance

WMK stock opened at $63.41 on Tuesday. The stock’s 50 day moving average is $63.45 and its two-hundred day moving average is $62.93. Weis Markets, Inc. has a 52-week low of $58.75 and a 52-week high of $78.65.

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

Weis Markets Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th will be paid a $0.34 dividend. The ex-dividend date is Friday, May 10th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.14%. Weis Markets’s dividend payout ratio (DPR) is presently 35.32%.

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.