Denali Advisors LLC Has $2.57 Million Stock Position in Weis Markets, Inc. (NYSE:WMK)

Denali Advisors LLC increased its holdings in shares of Weis Markets, Inc. (NYSE:WMK) by 28.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 37,900 shares of the company’s stock after purchasing an additional 8,400 shares during the period. Denali Advisors LLC’s holdings in Weis Markets were worth $2,567,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of WMK. Empowered Funds LLC lifted its position in shares of Weis Markets by 521.2% during the 4th quarter. Empowered Funds LLC now owns 69,309 shares of the company’s stock worth $4,694,000 after buying an additional 58,151 shares during the last quarter. Barclays PLC lifted its position in shares of Weis Markets by 354.5% during the 3rd quarter. Barclays PLC now owns 27,459 shares of the company’s stock worth $1,893,000 after buying an additional 21,418 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Weis Markets by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 434,964 shares of the company’s stock worth $29,987,000 after buying an additional 16,463 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Weis Markets by 3.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 402,797 shares of the company’s stock worth $27,765,000 after buying an additional 13,946 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Weis Markets by 79.8% during the 3rd quarter. Victory Capital Management Inc. now owns 20,261 shares of the company’s stock worth $1,397,000 after buying an additional 8,990 shares during the last quarter.

Weis Markets Trading Up 2.8 %

Weis Markets stock opened at $74.37 on Wednesday. The company has a market capitalization of $2.00 billion, a PE ratio of 20.89 and a beta of 0.51. Weis Markets, Inc. has a 12 month low of $59.70 and a 12 month high of $76.62. The stock has a 50-day moving average price of $68.48 and a two-hundred day moving average price of $68.39.

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

Weis Markets Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be given a $0.34 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $1.36 annualized dividend and a yield of 1.83%. Weis Markets’s dividend payout ratio is presently 38.20%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Weis Markets from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 7th.

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.