Swiss National Bank Decreases Holdings in Weis Markets, Inc. (NYSE:WMK)

Swiss National Bank lowered its position in Weis Markets, Inc. (NYSE:WMK) by 10.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 34,500 shares of the company’s stock after selling 4,000 shares during the period. Swiss National Bank’s holdings in Weis Markets were worth $2,207,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC boosted its stake in shares of Weis Markets by 6,300.0% in the 4th quarter. International Assets Investment Management LLC now owns 384 shares of the company’s stock valued at $25,000 after purchasing an additional 378 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in Weis Markets by 93.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 425 shares of the company’s stock valued at $27,000 after buying an additional 205 shares during the period. Covestor Ltd grew its stake in shares of Weis Markets by 80.0% during the third quarter. Covestor Ltd now owns 1,922 shares of the company’s stock valued at $121,000 after buying an additional 854 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Weis Markets in the fourth quarter worth about $163,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Weis Markets by 17.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,513 shares of the company’s stock valued at $221,000 after acquiring an additional 517 shares during the last quarter.

Insider Transactions at Weis Markets

In related news, Director Edward John Lauth III purchased 1,525 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was bought at an average cost of $64.98 per share, with a total value of $99,094.50. Following the completion of the purchase, the director now directly owns 1,525 shares in the company, valued at $99,094.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 27.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on WMK shares. StockNews.com upgraded Weis Markets from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th. TheStreet raised shares of Weis Markets from a “c+” rating to a “b-” rating in a research note on Monday, March 18th.

Weis Markets Stock Down 0.1 %

Shares of NYSE:WMK opened at $65.60 on Friday. Weis Markets, Inc. has a 12 month low of $58.75 and a 12 month high of $71.42. The company has a 50-day moving average price of $64.03 and a 200-day moving average price of $63.05.

Weis Markets (NYSE:WMK) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $0.76 earnings per share for the quarter. The firm had revenue of $1.21 billion for the quarter. Weis Markets had a return on equity of 7.40% and a net margin of 2.14%.

Weis Markets Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th will be issued a $0.34 dividend. The ex-dividend date is Friday, May 10th. This represents a $1.36 annualized dividend and a yield of 2.07%. Weis Markets’s dividend payout ratio (DPR) is presently 36.27%.

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.