Weis Markets, Inc. (NYSE:WMK) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lessened its stake in Weis Markets, Inc. (NYSE:WMK) by 2.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 6,305 shares of the company’s stock after selling 144 shares during the period. PNC Financial Services Group Inc.’s holdings in Weis Markets were worth $427,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Prospera Private Wealth LLC purchased a new position in shares of Weis Markets in the third quarter valued at approximately $44,000. Blue Trust Inc. lifted its holdings in Weis Markets by 32.8% during the 4th quarter. Blue Trust Inc. now owns 858 shares of the company’s stock worth $59,000 after buying an additional 212 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new position in Weis Markets in the 4th quarter valued at approximately $205,000. SageView Advisory Group LLC acquired a new position in shares of Weis Markets in the third quarter worth $208,000. Finally, Versor Investments LP purchased a new stake in shares of Weis Markets during the fourth quarter worth $235,000.

Weis Markets Stock Performance

Shares of Weis Markets stock opened at $78.57 on Friday. The business has a 50-day simple moving average of $71.61 and a 200-day simple moving average of $69.71. Weis Markets, Inc. has a one year low of $60.39 and a one year high of $83.09. The company has a market cap of $2.11 billion, a PE ratio of 22.07 and a beta of 0.53.

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

Weis Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were paid a $0.34 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.36 annualized dividend and a yield of 1.73%. Weis Markets’s dividend payout ratio is currently 33.25%.

Weis Markets Company 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.