Bank of New York Mellon Corp Sells 7,369 Shares of Weis Markets, Inc. (NYSE:WMK)

Bank of New York Mellon Corp reduced its position in Weis Markets, Inc. (NYSE:WMK) by 2.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 268,098 shares of the company’s stock after selling 7,369 shares during the quarter. Bank of New York Mellon Corp owned about 1.00% of Weis Markets worth $20,657,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Sterling Capital Management LLC grew its position in shares of Weis Markets by 826.3% during the 4th quarter. Sterling Capital Management LLC now owns 528 shares of the company’s stock worth $36,000 after buying an additional 471 shares during the period. Fifth Third Bancorp bought a new stake in Weis Markets in the 1st quarter valued at about $58,000. State of Wyoming bought a new stake in shares of Weis Markets during the fourth quarter valued at about $104,000. Lee Danner & Bass Inc. purchased a new position in shares of Weis Markets during the fourth quarter worth about $110,000. Finally, Exchange Traded Concepts LLC boosted its stake in shares of Weis Markets by 1,258.8% during the first quarter. Exchange Traded Concepts LLC now owns 2,079 shares of the company’s stock valued at $160,000 after purchasing an additional 1,926 shares during the period.

Weis Markets Trading Up 1.2%

NYSE WMK opened at $78.30 on Friday. The stock has a market cap of $2.11 billion, a PE ratio of 19.62 and a beta of 0.46. Weis Markets, Inc. has a 12 month low of $62.25 and a 12 month high of $90.23. The stock’s 50 day moving average is $75.14 and its 200 day moving average is $75.02.

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 7.49% and a net margin of 2.24%. The firm had revenue of $1.20 billion during the quarter.

Weis Markets Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 11th. Stockholders of record on Monday, July 28th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.74%. Weis Markets’s dividend payout ratio is presently 34.09%.

Wall Street Analyst Weigh In

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

Weis Markets 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.