Victory Capital Management Inc. Buys 6,081 Shares of Weis Markets, Inc. (NYSE:WMK)

Victory Capital Management Inc. boosted its stake in Weis Markets, Inc. (NYSE:WMK) by 30.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,342 shares of the company’s stock after purchasing an additional 6,081 shares during the quarter. Victory Capital Management Inc.’s holdings in Weis Markets were worth $1,784,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Prospera Private Wealth LLC bought a new stake in shares of Weis Markets in the 3rd quarter valued at about $44,000. Blue Trust Inc. grew its holdings in Weis Markets by 32.8% during the fourth quarter. Blue Trust Inc. now owns 858 shares of the company’s stock valued at $59,000 after purchasing an additional 212 shares during the period. Flagship Harbor Advisors LLC bought a new stake in Weis Markets in the fourth quarter valued at approximately $205,000. SageView Advisory Group LLC acquired a new stake in Weis Markets in the third quarter worth $208,000. Finally, Versor Investments LP bought a new position in shares of Weis Markets during the fourth quarter worth $235,000.

Weis Markets Stock Up 2.6 %

Shares of WMK stock opened at $80.16 on Tuesday. Weis Markets, Inc. has a 12-month low of $60.39 and a 12-month high of $83.09. The firm has a fifty day moving average of $70.86 and a 200-day moving average of $69.49. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 22.52 and a beta of 0.53.

Weis Markets (NYSE:WMK) last posted its earnings results on Tuesday, February 25th. The company reported $1.29 earnings per share (EPS) for the quarter. The firm had revenue of $1.23 billion during the quarter. Weis Markets had a return on equity of 6.85% and a net margin of 2.01%.

Weis Markets Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.36 dividend on an annualized basis and a yield of 1.70%. Weis Markets’s payout ratio is 33.25%.

Weis Markets Company 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.