Weis Markets, Inc. (NYSE:WMK) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its position in Weis Markets, Inc. (NYSE:WMK) by 3.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 402,797 shares of the company’s stock after acquiring an additional 13,946 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Weis Markets were worth $27,765,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Prospera Private Wealth LLC acquired a new stake in shares of Weis Markets in the third quarter valued at $44,000. Victory Capital Management Inc. lifted its holdings in shares of Weis Markets by 79.8% in the third quarter. Victory Capital Management Inc. now owns 20,261 shares of the company’s stock valued at $1,397,000 after buying an additional 8,990 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. Allspring Global Investments Holdings LLC lifted its holdings in shares of Weis Markets by 2.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 19,671 shares of the company’s stock valued at $1,356,000 after buying an additional 508 shares during the period. Finally, Blue Trust Inc. boosted its position in shares of Weis Markets by 71.4% in the 3rd quarter. Blue Trust Inc. now owns 646 shares of the company’s stock valued at $41,000 after purchasing an additional 269 shares during the period.

Wall Street Analysts Forecast Growth

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

Weis Markets Stock Down 0.6 %

NYSE:WMK opened at $71.31 on Thursday. Weis Markets, Inc. has a 1-year low of $58.87 and a 1-year high of $76.62. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 20.03 and a beta of 0.51. The stock has a fifty day simple moving average of $68.45 and a 200 day simple moving average of $67.30.

Weis Markets Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were given a $0.34 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.91%. Weis Markets’s dividend payout ratio (DPR) 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.