Victory Capital Management Inc. Acquires 8,990 Shares of Weis Markets, Inc. (NYSE:WMK)

Victory Capital Management Inc. increased its holdings in Weis Markets, Inc. (NYSE:WMK) by 79.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,261 shares of the company’s stock after buying an additional 8,990 shares during the period. Victory Capital Management Inc.’s holdings in Weis Markets were worth $1,397,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of WMK. Capital Investment Counsel Inc boosted its holdings in shares of Weis Markets by 3.6% in the second quarter. Capital Investment Counsel Inc now owns 4,332 shares of the company’s stock worth $272,000 after acquiring an additional 150 shares during the period. nVerses Capital LLC boosted its stake in Weis Markets by 100.0% in the 2nd 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. SummerHaven Investment Management LLC grew its holdings in Weis Markets by 2.1% during the 2nd quarter. SummerHaven Investment Management LLC now owns 11,584 shares of the company’s stock valued at $727,000 after buying an additional 233 shares in the last quarter. Hsbc Holdings PLC increased its position in shares of Weis Markets by 1.3% during the second quarter. Hsbc Holdings PLC now owns 19,606 shares of the company’s stock valued at $1,229,000 after buying an additional 247 shares during the period. Finally, Linden Thomas Advisory Services LLC lifted its holdings in shares of Weis Markets by 1.8% in the second quarter. Linden Thomas Advisory Services LLC now owns 14,765 shares of the company’s stock worth $927,000 after buying an additional 268 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com raised 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 opened at $73.77 on Tuesday. Weis Markets, Inc. has a one year low of $58.87 and a one year high of $76.62. The firm has a market capitalization of $1.98 billion, a P/E ratio of 20.72 and a beta of 0.47. The company has a fifty day moving average price of $67.94 and a 200-day moving average price of $66.99.

Weis Markets Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th will be paid a $0.34 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $1.36 dividend on an annualized basis and a yield of 1.84%. Weis Markets’s dividend payout ratio is currently 38.20%.

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.