Allspring Global Investments Holdings LLC Sells 14,703 Shares of Weis Markets, Inc. (NYSE:WMK)

Allspring Global Investments Holdings LLC lowered its holdings in shares of Weis Markets, Inc. (NYSE:WMK) by 74.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,968 shares of the company’s stock after selling 14,703 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Weis Markets were worth $336,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Empowered Funds LLC grew its position in shares of Weis Markets by 521.2% in the 4th quarter. Empowered Funds LLC now owns 69,309 shares of the company’s stock valued at $4,694,000 after buying an additional 58,151 shares during the last quarter. Barclays PLC lifted its stake in shares of Weis Markets by 354.5% in the third quarter. Barclays PLC now owns 27,459 shares of the company’s stock worth $1,893,000 after acquiring an additional 21,418 shares during the period. Geode Capital Management LLC boosted its holdings in Weis Markets by 3.9% in the third quarter. Geode Capital Management LLC now owns 434,964 shares of the company’s stock valued at $29,987,000 after acquiring an additional 16,463 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Weis Markets by 3.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 402,797 shares of the company’s stock valued at $27,765,000 after purchasing an additional 13,946 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in Weis Markets by 79.8% during the 3rd quarter. Victory Capital Management Inc. now owns 20,261 shares of the company’s stock worth $1,397,000 after purchasing an additional 8,990 shares during the last quarter.

Weis Markets Trading Up 2.8 %

Shares of Weis Markets stock opened at $74.37 on Wednesday. The business has a 50-day moving average price of $68.48 and a two-hundred day moving average price of $68.39. Weis Markets, Inc. has a 1-year low of $59.70 and a 1-year high of $76.62. The company has a market cap of $2.00 billion, a P/E ratio of 20.89 and a beta of 0.51.

Weis Markets (NYSE:WMK) last issued its earnings results on Tuesday, February 25th. The company reported $1.29 earnings per share for the quarter. Weis Markets had a return on equity of 6.85% and a net margin of 2.01%.

Weis Markets Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be given a dividend of $0.34 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.83%. Weis Markets’s payout ratio is presently 38.20%.

Analyst Ratings Changes

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 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.