Dimensional Fund Advisors LP Sells 12,677 Shares of Weis Markets, Inc. $WMK

Dimensional Fund Advisors LP cut its stake in Weis Markets, Inc. (NYSE:WMK) by 0.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,011,538 shares of the company’s stock after selling 12,677 shares during the quarter. Dimensional Fund Advisors LP owned 8.13% of Weis Markets worth $144,571,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. EverSource Wealth Advisors LLC raised its position in Weis Markets by 107.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 356 shares of the company’s stock valued at $26,000 after buying an additional 184 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Weis Markets in the 2nd quarter worth $55,000. State of Alaska Department of Revenue purchased a new stake in shares of Weis Markets in the third quarter valued at about $74,000. Tower Research Capital LLC TRC lifted its position in shares of Weis Markets by 138.8% during the second quarter. Tower Research Capital LLC TRC now owns 1,330 shares of the company’s stock valued at $96,000 after purchasing an additional 773 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its position in shares of Weis Markets by 16.4% during the second quarter. Osaic Holdings Inc. now owns 1,591 shares of the company’s stock valued at $115,000 after purchasing an additional 224 shares in the last quarter.

Weis Markets Trading Down 1.9%

WMK stock opened at $61.62 on Wednesday. The stock has a market cap of $1.52 billion, a P/E ratio of 16.21 and a beta of 0.46. The stock’s fifty day simple moving average is $68.92 and its two-hundred day simple moving average is $68.47. Weis Markets, Inc. has a 1-year low of $61.27 and a 1-year high of $90.23.

Weis Markets Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were given a $0.34 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $1.36 annualized dividend and a yield of 2.2%. Weis Markets’s payout ratio is currently 35.79%.

Analysts Set New Price Targets

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

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.