Weis Markets, Inc. (NYSE:WMK) Shares Purchased by Martingale Asset Management L P

Martingale Asset Management L P lifted its stake in Weis Markets, Inc. (NYSE:WMK) by 0.7% in the third quarter, HoldingsChannel reports. The fund owned 20,974 shares of the company’s stock after purchasing an additional 140 shares during the quarter. Martingale Asset Management L P’s holdings in Weis Markets were worth $1,446,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. nVerses Capital LLC lifted its position in Weis Markets by 100.0% in the second quarter. nVerses Capital LLC now owns 400 shares of the company’s stock worth $25,000 after purchasing an additional 200 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Weis Markets by 6,800.0% in the third 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 period. GAMMA Investing LLC boosted its stake in Weis Markets by 228.7% during the second quarter. GAMMA Investing LLC now owns 572 shares of the company’s stock valued at $36,000 after buying an additional 398 shares in the last quarter. Blue Trust Inc. grew its holdings in Weis Markets by 71.4% during the third quarter. Blue Trust Inc. now owns 646 shares of the company’s stock worth $41,000 after acquiring an additional 269 shares during the period. Finally, Prospera Private Wealth LLC bought a new stake in Weis Markets in the third quarter worth about $44,000.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Weis Markets from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 7th.

Weis Markets Stock Performance

Shares of NYSE:WMK opened at $72.83 on Monday. The company has a market capitalization of $1.96 billion, a PE ratio of 20.46 and a beta of 0.47. The stock has a fifty day moving average of $68.22 and a 200-day moving average of $67.22. Weis Markets, Inc. has a one year low of $58.87 and a one year high of $76.62.

Weis Markets Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.87%. The ex-dividend date was Tuesday, November 12th. Weis Markets’s dividend payout ratio is 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.