Geode Capital Management LLC Grows Stock Position in Weis Markets, Inc. (NYSE:WMK)

Geode Capital Management LLC increased its holdings in Weis Markets, Inc. (NYSE:WMK) by 3.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 434,964 shares of the company’s stock after acquiring an additional 16,463 shares during the period. Geode Capital Management LLC owned approximately 1.62% of Weis Markets worth $29,987,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WMK. nVerses Capital LLC lifted its stake in shares of Weis Markets by 100.0% in the 2nd quarter. nVerses Capital LLC now owns 400 shares of the company’s stock valued at $25,000 after purchasing an additional 200 shares during the last quarter. International Assets Investment Management LLC raised its holdings in Weis Markets by 6,800.0% in the 3rd quarter. International Assets Investment Management LLC now owns 414 shares of the company’s stock valued at $29,000 after buying an additional 408 shares during the period. Blue Trust Inc. lifted its position in Weis Markets by 71.4% in the third quarter. Blue Trust Inc. now owns 646 shares of the company’s stock valued at $41,000 after buying an additional 269 shares during the last quarter. Prospera Private Wealth LLC purchased a new position in Weis Markets during the third quarter worth about $44,000. Finally, Innealta Capital LLC acquired a new stake in shares of Weis Markets during the second quarter valued at about $50,000.

Analyst Upgrades and Downgrades

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

Weis Markets Trading Up 1.0 %

Shares of NYSE WMK opened at $69.19 on Friday. The stock has a market capitalization of $1.86 billion, a PE ratio of 19.44 and a beta of 0.51. Weis Markets, Inc. has a twelve month low of $58.87 and a twelve month high of $76.62. The stock has a fifty day simple moving average of $69.80 and a 200-day simple moving average of $67.87.

Weis Markets Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.97%. The ex-dividend date was Tuesday, November 12th. Weis Markets’s dividend payout ratio is currently 38.20%.

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.