Allspring Global Investments Holdings LLC Has $336,000 Stock Holdings in Weis Markets, Inc. (NYSE:WMK)

Allspring Global Investments Holdings LLC reduced its stake in Weis Markets, Inc. (NYSE:WMK) by 74.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,968 shares of the company’s stock after selling 14,703 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Weis Markets were worth $336,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Barclays PLC grew its stake in 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 buying an additional 21,418 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Weis Markets by 521.2% during the fourth quarter. Empowered Funds LLC now owns 69,309 shares of the company’s stock worth $4,694,000 after acquiring an additional 58,151 shares during the period. Geode Capital Management LLC grew its position in shares of Weis Markets by 3.9% in the third quarter. Geode Capital Management LLC now owns 434,964 shares of the company’s stock valued at $29,987,000 after purchasing an additional 16,463 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of Weis Markets by 6,800.0% during the third quarter. International Assets Investment Management LLC now owns 414 shares of the company’s stock worth $29,000 after purchasing an additional 408 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in 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 purchasing an additional 13,946 shares during the last quarter.

Weis Markets Stock Up 2.8 %

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

Weis Markets (NYSE:WMK) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $1.29 earnings per share (EPS) 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Tuesday, February 18th. Weis Markets’s payout ratio is currently 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.