Weis Markets, Inc. $WMK Shares Sold by American Century Companies Inc.

American Century Companies Inc. reduced its stake in Weis Markets, Inc. (NYSE:WMK) by 1.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 579,164 shares of the company’s stock after selling 9,043 shares during the quarter. American Century Companies Inc. owned 2.34% of Weis Markets worth $41,625,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its holdings in Weis Markets by 107.0% during the second quarter. EverSource Wealth Advisors LLC now owns 356 shares of the company’s stock worth $26,000 after acquiring an additional 184 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Weis Markets in the second quarter valued at $55,000. State of Alaska Department of Revenue purchased a new stake in Weis Markets in the 3rd quarter worth approximately $74,000. Tower Research Capital LLC TRC raised its holdings in Weis Markets by 138.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,330 shares of the company’s stock valued at $96,000 after acquiring an additional 773 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its stake in Weis Markets by 16.4% in the 2nd quarter. Osaic Holdings Inc. now owns 1,591 shares of the company’s stock worth $115,000 after buying an additional 224 shares during the last quarter.

Weis Markets Trading Up 0.6%

Shares of Weis Markets stock opened at $64.31 on Friday. The stock has a market cap of $1.59 billion, a PE ratio of 16.92 and a beta of 0.46. Weis Markets, Inc. has a 52 week low of $61.53 and a 52 week high of $90.23. The company’s 50-day moving average price is $69.01 and its two-hundred day moving average price is $68.65.

Weis Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $1.36 dividend on an annualized basis and a yield of 2.1%. Weis Markets’s dividend payout ratio (DPR) is presently 35.79%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Weis Markets in a report on Tuesday, January 27th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Weis Markets presently has an average rating of “Hold”.

About Weis Markets

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.