Bank of New York Mellon Corp Sells 14,860 Shares of Weis Markets, Inc. (NYSE:WMK)

Bank of New York Mellon Corp reduced its holdings in shares of Weis Markets, Inc. (NYSE:WMK) by 5.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 275,467 shares of the company’s stock after selling 14,860 shares during the period. Bank of New York Mellon Corp owned about 1.02% of Weis Markets worth $18,655,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC increased its holdings in shares of Weis Markets by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 434,964 shares of the company’s stock valued at $29,987,000 after acquiring an additional 16,463 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Weis Markets by 3.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 402,797 shares of the company’s stock valued at $27,765,000 after acquiring an additional 13,946 shares during the period. Empowered Funds LLC increased its holdings in shares of Weis Markets by 521.2% in the 4th quarter. Empowered Funds LLC now owns 69,309 shares of the company’s stock valued at $4,694,000 after acquiring an additional 58,151 shares during the period. Barclays PLC increased its holdings in shares of Weis Markets by 354.5% in the 3rd quarter. Barclays PLC now owns 27,459 shares of the company’s stock valued at $1,893,000 after acquiring an additional 21,418 shares during the period. Finally, FMR LLC increased its holdings in shares of Weis Markets by 22.3% in the 3rd quarter. FMR LLC now owns 25,628 shares of the company’s stock valued at $1,767,000 after acquiring an additional 4,678 shares during the period.

Weis Markets Price Performance

Shares of WMK stock opened at $79.87 on Wednesday. Weis Markets, Inc. has a 1-year low of $60.39 and a 1-year high of $83.09. The stock’s fifty day moving average price is $70.01 and its 200 day moving average price is $69.16. The company has a market cap of $2.15 billion, a price-to-earnings ratio of 22.44 and a beta of 0.53.

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

Weis Markets Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders 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 annualized dividend and a yield of 1.70%. Weis Markets’s dividend payout ratio (DPR) 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.