Allianz Asset Management GmbH Has $14.68 Million Position in Weis Markets, Inc. $WMK

Allianz Asset Management GmbH lifted its position in shares of Weis Markets, Inc. (NYSE:WMK) by 22.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 204,215 shares of the company’s stock after acquiring an additional 36,802 shares during the period. Allianz Asset Management GmbH owned approximately 0.83% of Weis Markets worth $14,677,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. American Century Companies Inc. grew its position in Weis Markets by 9.6% in the second quarter. American Century Companies Inc. now owns 588,207 shares of the company’s stock valued at $42,639,000 after acquiring an additional 51,356 shares during the last quarter. Maverick Capital Ltd. bought a new position in shares of Weis Markets in the second quarter worth about $3,846,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Weis Markets in the 2nd quarter valued at approximately $281,000. Empowered Funds LLC grew its holdings in shares of Weis Markets by 5.4% during the 2nd quarter. Empowered Funds LLC now owns 96,812 shares of the company’s stock valued at $7,018,000 after purchasing an additional 4,947 shares during the last quarter. Finally, Cannon Global Investment Management LLC bought a new stake in shares of Weis Markets during the 2nd quarter valued at approximately $304,000.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Weis Markets in a research note on Tuesday, January 27th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Weis Markets Trading Down 0.2%

NYSE:WMK opened at $73.80 on Friday. Weis Markets, Inc. has a 1-year low of $61.53 and a 1-year high of $90.23. The stock’s 50-day moving average is $67.46 and its 200-day moving average is $68.92. The stock has a market cap of $1.83 billion, a P/E ratio of 19.42 and a beta of 0.46.

Weis Markets Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $1.36 annualized dividend and a yield of 1.8%. Weis Markets’s payout ratio is 35.79%.

Weis Markets Profile

Weis Markets, Inc (NYSE: WMK) is a regional supermarket chain headquartered in Sunbury, Pennsylvania, operating more than 200 stores across the Mid-Atlantic and Eastern Seaboard. Founded in 1912 by Harry and Sigmund Weis as a small produce and egg business, the company has grown into a full-service grocer serving Pennsylvania, Maryland, New York, New Jersey, Delaware, Virginia, West Virginia and Ohio. Weis Markets offers a broad selection of products including fresh produce, bakery, deli, dairy, meat and seafood, alongside grocery, general merchandise and prepared foods.

In addition to traditional grocery offerings, Weis Markets provides pharmacy services in many of its locations, as well as in-store fuel centers at select sites.