Proficio Capital Partners LLC Buys Shares of 17,269 Weis Markets, Inc. (NYSE:WMK)

Proficio Capital Partners LLC purchased a new position in shares of Weis Markets, Inc. (NYSE:WMK) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 17,269 shares of the company’s stock, valued at approximately $1,169,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. lifted its holdings in Weis Markets by 30.0% during the fourth quarter. Victory Capital Management Inc. now owns 26,342 shares of the company’s stock valued at $1,784,000 after purchasing an additional 6,081 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Weis Markets by 4.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 420,276 shares of the company’s stock valued at $28,461,000 after purchasing an additional 17,479 shares during the period. Versor Investments LP purchased a new stake in shares of Weis Markets during the 4th quarter valued at approximately $235,000. Denali Advisors LLC boosted its holdings in Weis Markets by 28.5% in the 4th quarter. Denali Advisors LLC now owns 37,900 shares of the company’s stock worth $2,567,000 after buying an additional 8,400 shares during the period. Finally, New York State Common Retirement Fund grew its stake in Weis Markets by 24.1% in the 4th quarter. New York State Common Retirement Fund now owns 15,939 shares of the company’s stock valued at $1,079,000 after buying an additional 3,100 shares in the last quarter.

Weis Markets Price Performance

Shares of WMK stock opened at $78.57 on Friday. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 22.07 and a beta of 0.53. The company’s fifty day simple moving average is $71.61 and its two-hundred day simple moving average is $69.71. Weis Markets, Inc. has a 1 year low of $60.39 and a 1 year high of $83.09.

Weis Markets (NYSE:WMK) last issued its quarterly earnings data 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%. The business had revenue of $1.23 billion for the quarter.

Weis Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were given a $0.34 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.73%. Weis Markets’s dividend payout ratio (DPR) is currently 33.25%.

Weis Markets 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.