Bridgewater Associates LP Sells 11,392 Shares of Weis Markets, Inc. (NYSE:WMK)

Bridgewater Associates LP cut its holdings in shares of Weis Markets, Inc. (NYSE:WMK) by 52.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,309 shares of the company’s stock after selling 11,392 shares during the period. Bridgewater Associates LP’s holdings in Weis Markets were worth $711,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. nVerses Capital LLC grew its holdings in shares of Weis Markets by 100.0% during 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 last quarter. International Assets Investment Management LLC grew its holdings in Weis Markets by 6,800.0% during the 3rd quarter. International Assets Investment Management LLC now owns 414 shares of the company’s stock worth $29,000 after acquiring an additional 408 shares during the last quarter. GAMMA Investing LLC increased its position in Weis Markets by 228.7% in the 2nd quarter. GAMMA Investing LLC now owns 572 shares of the company’s stock valued at $36,000 after acquiring an additional 398 shares in the last quarter. Blue Trust Inc. raised 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 worth $41,000 after acquiring an additional 269 shares during the last quarter. Finally, Prospera Private Wealth LLC acquired a new position in shares of Weis Markets during the third quarter worth approximately $44,000.

Analyst Upgrades and Downgrades

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 Up 0.5 %

Weis Markets stock opened at $73.22 on Tuesday. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 20.57 and a beta of 0.51. Weis Markets, Inc. has a 12-month low of $58.87 and a 12-month high of $76.62. The business’s 50-day simple moving average is $68.22 and its 200 day simple moving average is $67.21.

Weis Markets Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend was Tuesday, November 12th. Weis Markets’s dividend payout ratio is 38.20%.

About Weis Markets

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.