Bridgewater Associates LP decreased its position in shares of Weis Markets, Inc. (NYSE:WMK - Free Report) by 52.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,309 shares of the company's stock after selling 11,392 shares during the period. Bridgewater Associates LP's holdings in Weis Markets were worth $711,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of WMK. American Century Companies Inc. raised its position in shares of Weis Markets by 29.1% in the second quarter. American Century Companies Inc. now owns 334,324 shares of the company's stock valued at $20,986,000 after purchasing an additional 75,395 shares during the period. Charles Schwab Investment Management Inc. grew its stake in 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 buying an additional 13,946 shares during the last quarter. AQR Capital Management LLC bought a new position in Weis Markets in the 2nd quarter worth $813,000. Victory Capital Management Inc. lifted its position in Weis Markets by 79.8% during the 3rd quarter. Victory Capital Management Inc. now owns 20,261 shares of the company's stock worth $1,397,000 after acquiring an additional 8,990 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Weis Markets by 0.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,143,192 shares of the company's stock valued at $134,528,000 after acquiring an additional 7,856 shares during the period.
Separately, StockNews.com upgraded shares of Weis Markets from a "buy" rating to a "strong-buy" rating in a research note on Thursday, November 7th.
Check Out Our Latest Analysis on Weis Markets
Weis Markets stock opened at $73.22 on Tuesday. The business has a 50 day moving average price of $68.22 and a two-hundred day moving average price of $67.21. Weis Markets, Inc. has a 12 month low of $58.87 and a 12 month high of $76.62. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 20.57 and a beta of 0.51.
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were given a $0.34 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $1.36 annualized dividend and a yield of 1.86%. Weis Markets's dividend payout ratio (DPR) is currently 38.20%.
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.
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