Price T Rowe Associates Inc. MD Raises Stock Position in Weis Markets, Inc. (NYSE:WMK)

Price T Rowe Associates Inc. MD raised its stake in shares of Weis Markets, Inc. (NYSE:WMK) by 19.7% during the fourth quarter, Holdings Channel reports. The firm owned 6,441 shares of the company’s stock after buying an additional 1,061 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Weis Markets were worth $437,000 at the end of the most recent quarter.

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 14.8% during the 4th quarter. American Century Companies Inc. now owns 485,287 shares of the company’s stock valued at $32,864,000 after purchasing an additional 62,472 shares during the last quarter. Empowered Funds LLC raised its position in shares of Weis Markets by 521.2% during the fourth quarter. Empowered Funds LLC now owns 69,309 shares of the company’s stock valued at $4,694,000 after buying an additional 58,151 shares during the last quarter. Norges Bank purchased a new position in shares of Weis Markets in the fourth quarter valued at $3,418,000. Vanguard Group Inc. lifted its holdings in shares of Weis Markets by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 1,842,882 shares of the company’s stock valued at $124,800,000 after acquiring an additional 30,772 shares during the last quarter. Finally, ExodusPoint Capital Management LP bought a new position in shares of Weis Markets during the 4th quarter valued at approximately $1,502,000.

Weis Markets Price Performance

Shares of Weis Markets stock opened at $75.16 on Wednesday. Weis Markets, Inc. has a 1 year low of $60.93 and a 1 year high of $90.23. The firm’s 50-day moving average is $80.62 and its two-hundred day moving average is $73.57. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 21.11 and a beta of 0.55.

Weis Markets (NYSE:WMK) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.76 earnings per share for the quarter. The business had revenue of $1.20 billion for the quarter. Weis Markets had a net margin of 2.01% and a return on equity of 6.85%.

Weis Markets Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Monday, May 12th. Weis Markets’s dividend payout ratio is presently 34.09%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Weis Markets from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 8th.

About Weis Markets

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.