Rhumbline Advisers Has $2.48 Million Position in Weis Markets, Inc. (NYSE:WMK)

Rhumbline Advisers cut its holdings in Weis Markets, Inc. (NYSE:WMK) by 2.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 32,223 shares of the company’s stock after selling 711 shares during the quarter. Rhumbline Advisers owned about 0.12% of Weis Markets worth $2,483,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WMK. Sterling Capital Management LLC boosted its stake 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 acquiring an additional 471 shares during the last quarter. State of Wyoming bought a new position in Weis Markets in the fourth quarter valued at approximately $104,000. Lee Danner & Bass Inc. bought a new position in Weis Markets in the fourth quarter valued at approximately $110,000. PFG Advisors bought a new position in Weis Markets in the fourth quarter valued at approximately $219,000. Finally, Versor Investments LP bought a new position in Weis Markets in the fourth quarter valued at approximately $235,000.

Weis Markets Stock Up 0.8%

Shares of NYSE WMK opened at $74.44 on Tuesday. The company’s fifty day moving average is $79.23 and its 200-day moving average is $74.40. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 20.91 and a beta of 0.47. Weis Markets, Inc. has a twelve month low of $61.20 and a twelve month high of $90.23.

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

Weis Markets Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were given a dividend of $0.34 per share. The ex-dividend date was Monday, May 12th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.83%. Weis Markets’s dividend payout ratio is 34.09%.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of Weis Markets from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 8th.

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.