Northern Trust Corp Purchases 13,887 Shares of Weis Markets, Inc. (NYSE:WMK)

Northern Trust Corp boosted its position in Weis Markets, Inc. (NYSE:WMK) by 9.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 166,968 shares of the company’s stock after purchasing an additional 13,887 shares during the quarter. Northern Trust Corp owned approximately 0.62% of Weis Markets worth $11,307,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Sterling Capital Management LLC boosted its position in Weis Markets by 826.3% in the fourth quarter. Sterling Capital Management LLC now owns 528 shares of the company’s stock valued at $36,000 after buying an additional 471 shares during the last quarter. Blue Trust Inc. increased its stake in shares of 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. Lee Danner & Bass Inc. acquired a new stake in shares of Weis Markets in the 4th quarter worth $110,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Weis Markets in the 4th quarter worth $205,000. Finally, PFG Advisors acquired a new stake in shares of Weis Markets during the 4th quarter worth about $219,000.

Weis Markets Stock Down 1.3%

WMK stock opened at $75.89 on Friday. Weis Markets, Inc. has a fifty-two week low of $60.93 and a fifty-two week high of $90.23. The business has a 50 day moving average price of $80.33 and a 200 day moving average price of $73.75. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 21.32 and a beta of 0.55.

Weis Markets (NYSE:WMK) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.76 earnings per share for the quarter. Weis Markets had a return on equity of 6.85% and a net margin of 2.01%. The company had revenue of $1.20 billion during the quarter.

Weis Markets Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 12th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Monday, May 12th. Weis Markets’s dividend payout ratio is presently 34.09%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Weis Markets from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 8th.

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.