International Assets Investment Management LLC Has $29,000 Stock Holdings in Weis Markets, Inc. (NYSE:WMK)

International Assets Investment Management LLC raised its position in shares of Weis Markets, Inc. (NYSE:WMK) by 6,800.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 414 shares of the company’s stock after purchasing an additional 408 shares during the period. International Assets Investment Management LLC’s holdings in Weis Markets were worth $29,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets raised its holdings in shares of Weis Markets by 24.5% during the 1st quarter. BNP Paribas Financial Markets now owns 20,662 shares of the company’s stock worth $1,331,000 after buying an additional 4,065 shares in the last quarter. Quantbot Technologies LP boosted its stake in Weis Markets by 305.3% in the first quarter. Quantbot Technologies LP now owns 3,798 shares of the company’s stock valued at $245,000 after buying an additional 2,861 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in Weis Markets by 54.4% in the first quarter. Oppenheimer & Co. Inc. now owns 5,250 shares of the company’s stock valued at $338,000 after acquiring an additional 1,850 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in Weis Markets during the first quarter worth about $323,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Weis Markets in the first quarter worth about $114,000.

Weis Markets Stock Performance

Shares of NYSE:WMK opened at $74.56 on Friday. Weis Markets, Inc. has a 52-week low of $58.87 and a 52-week high of $76.62. The company has a market capitalization of $2.01 billion, a PE ratio of 20.94 and a beta of 0.47. The company has a fifty day moving average of $67.06 and a 200-day moving average of $66.34.

Weis Markets (NYSE:WMK) last issued its earnings results on Tuesday, August 6th. The company reported $0.98 earnings per share (EPS) for the quarter. Weis Markets had a return on equity of 6.90% and a net margin of 2.01%. The business had revenue of $1.18 billion during the quarter.

Weis Markets Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $1.36 dividend on an annualized basis and a yield of 1.82%. Weis Markets’s dividend payout ratio (DPR) is presently 38.20%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Weis Markets from a “buy” rating to a “strong-buy” rating in a report on Thursday.

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.