Rhumbline Advisers Reduces Stock Holdings in Weis Markets, Inc. $WMK

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

Other hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Bancorp purchased a new stake in Weis Markets during the first quarter worth $58,000. State of Wyoming purchased a new stake in Weis Markets during the fourth quarter worth $104,000. Exchange Traded Concepts LLC boosted its holdings in Weis Markets by 1,258.8% during the first quarter. Exchange Traded Concepts LLC now owns 2,079 shares of the company’s stock worth $160,000 after buying an additional 1,926 shares in the last quarter. Flagship Harbor Advisors LLC boosted its holdings in Weis Markets by 12.5% during the first quarter. Flagship Harbor Advisors LLC now owns 3,404 shares of the company’s stock worth $262,000 after buying an additional 379 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new stake in Weis Markets during the first quarter worth $331,000.

Weis Markets Stock Performance

Shares of NYSE WMK opened at $71.95 on Wednesday. The company’s fifty day moving average price is $73.05 and its 200 day moving average price is $76.21. Weis Markets, Inc. has a 1 year low of $62.25 and a 1 year high of $90.23. The company has a market capitalization of $1.78 billion, a PE ratio of 17.90 and a beta of 0.49.

Weis Markets (NYSE:WMK) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $1.01 earnings per share for the quarter. The company had revenue of $1.21 billion during the quarter. Weis Markets had a net margin of 2.23% and a return on equity of 7.60%.

Weis Markets Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 11th. Shareholders of record on Monday, July 28th were given a dividend of $0.34 per share. The ex-dividend date was Monday, July 28th. This represents a $1.36 dividend on an annualized basis and a yield of 1.9%. Weis Markets’s dividend payout ratio is currently 33.83%.

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.