Proficio Capital Partners LLC Purchases New Position in Weis Markets, Inc. (NYSE:WMK)

Proficio Capital Partners LLC bought a new position in Weis Markets, Inc. (NYSE:WMK) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 17,269 shares of the company’s stock, valued at approximately $1,169,000. Proficio Capital Partners LLC owned about 0.06% of Weis Markets at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WMK. Denali Advisors LLC boosted its stake in shares of Weis Markets by 28.5% during the 4th quarter. Denali Advisors LLC now owns 37,900 shares of the company’s stock worth $2,567,000 after acquiring an additional 8,400 shares during the last quarter. New York State Common Retirement Fund lifted its stake in shares of Weis Markets by 24.1% during the 4th quarter. New York State Common Retirement Fund now owns 15,939 shares of the company’s stock valued at $1,079,000 after buying an additional 3,100 shares in the last quarter. Empowered Funds LLC lifted its stake 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 valued at $4,694,000 after buying an additional 58,151 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Weis Markets by 32.8% during the 4th quarter. Blue Trust Inc. now owns 858 shares of the company’s stock valued at $59,000 after buying an additional 212 shares in the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new position in shares of Weis Markets during the 4th quarter valued at $205,000.

Weis Markets Stock Performance

WMK opened at $81.08 on Friday. Weis Markets, Inc. has a fifty-two week low of $60.39 and a fifty-two week high of $81.39. The firm’s fifty day moving average is $69.20 and its 200 day moving average is $68.78. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 22.78 and a beta of 0.53.

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

Weis Markets Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a $0.34 dividend. 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 1.68%. Weis Markets’s dividend payout ratio is currently 33.25%.

Weis Markets 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.