Y Intercept Hong Kong Ltd Purchases Shares of 3,529 Weis Markets, Inc. (NYSE:WMK)

Y Intercept Hong Kong Ltd acquired a new position in shares of Weis Markets, Inc. (NYSE:WMK) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,529 shares of the company’s stock, valued at approximately $243,000.

Several other hedge funds also recently modified their holdings of the stock. nVerses Capital LLC grew its stake in Weis Markets by 100.0% in the second quarter. nVerses Capital LLC now owns 400 shares of the company’s stock valued at $25,000 after purchasing an additional 200 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Weis Markets by 6,800.0% in the 3rd quarter. International Assets Investment Management LLC now owns 414 shares of the company’s stock valued at $29,000 after buying an additional 408 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Weis Markets by 71.4% in the third quarter. Blue Trust Inc. now owns 646 shares of the company’s stock valued at $41,000 after buying an additional 269 shares in the last quarter. Prospera Private Wealth LLC acquired a new position in Weis Markets during the third quarter worth $44,000. Finally, Innealta Capital LLC bought a new stake in Weis Markets during the second quarter worth $50,000.

Wall Street Analysts Forecast Growth

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.

Weis Markets Price Performance

WMK stock opened at $70.08 on Thursday. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 19.69 and a beta of 0.51. The company has a fifty day moving average price of $69.27 and a two-hundred day moving average price of $67.68. Weis Markets, Inc. has a one year low of $58.87 and a one year high of $76.62.

Weis Markets Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were issued a $0.34 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.36 annualized dividend and a yield of 1.94%. Weis Markets’s dividend payout ratio is currently 38.20%.

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.