Weis Markets, Inc. (NYSE:WMK) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. cut its holdings in Weis Markets, Inc. (NYSE:WMK) by 2.2% in the 4th quarter, HoldingsChannel reports. The fund owned 6,305 shares of the company’s stock after selling 144 shares during the period. PNC Financial Services Group Inc.’s holdings in Weis Markets were worth $427,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Barclays PLC grew its stake in shares of Weis Markets by 354.5% in the third 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 in the last quarter. Empowered Funds LLC grew its position in Weis Markets by 521.2% in the fourth quarter. Empowered Funds LLC now owns 69,309 shares of the company’s stock valued at $4,694,000 after acquiring an additional 58,151 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Weis Markets during the fourth quarter valued at approximately $1,169,000. Versor Investments LP acquired a new position in shares of Weis Markets during the fourth quarter worth $235,000. Finally, Geode Capital Management LLC boosted its stake 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 period.

Weis Markets Stock Performance

Shares of NYSE WMK opened at $78.57 on Friday. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of 22.07 and a beta of 0.53. Weis Markets, Inc. has a 1 year low of $60.39 and a 1 year high of $83.09. The stock’s 50-day simple moving average is $71.61 and its 200-day simple moving average is $69.71.

Weis Markets (NYSE:WMK) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $1.29 earnings per share 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 during the quarter.

Weis Markets Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were paid a $0.34 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.36 annualized dividend and a dividend yield of 1.73%. Weis Markets’s payout ratio is 33.25%.

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.