State Board of Administration of Florida Retirement System Purchases Shares of 2,832 Weis Markets, Inc. (NYSE:WMK)

State Board of Administration of Florida Retirement System purchased a new stake in Weis Markets, Inc. (NYSE:WMK – Get Rating) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,832 shares of the company’s stock, valued at approximately $233,000.

Several other institutional investors also recently modified their holdings of WMK. LPL Financial LLC acquired a new stake in Weis Markets during the 4th quarter valued at $334,000. SG Americas Securities LLC grew its holdings in shares of Weis Markets by 64.7% during the 4th quarter. SG Americas Securities LLC now owns 5,920 shares of the company’s stock valued at $487,000 after acquiring an additional 2,325 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Weis Markets by 5.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,437 shares of the company’s stock valued at $201,000 after acquiring an additional 135 shares in the last quarter. Summit Global Investments grew its holdings in shares of Weis Markets by 15.9% during the 4th quarter. Summit Global Investments now owns 19,700 shares of the company’s stock valued at $1,621,000 after acquiring an additional 2,700 shares in the last quarter. Finally, SummerHaven Investment Management LLC grew its holdings in shares of Weis Markets by 1.3% during the 4th quarter. SummerHaven Investment Management LLC now owns 10,166 shares of the company’s stock valued at $837,000 after acquiring an additional 131 shares in the last quarter. Institutional investors own 36.59% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Weis Markets from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 11th.

Weis Markets Price Performance

WMK opened at $65.44 on Tuesday. Weis Markets, Inc. has a one year low of $63.91 and a one year high of $95.57. The company’s 50 day simple moving average is $80.32 and its 200-day simple moving average is $83.04.

Weis Markets (NYSE:WMK – Get Rating) last announced its quarterly earnings data on Monday, February 27th. The company reported $1.07 earnings per share (EPS) for the quarter. Weis Markets had a net margin of 2.53% and a return on equity of 9.26%. The firm had revenue of $1.31 billion for the quarter.

Weis Markets Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 22nd. Shareholders of record on Monday, May 8th were paid a $0.34 dividend. This is a positive change from Weis Markets’s previous quarterly dividend of $0.31. This represents a $1.36 annualized dividend and a yield of 2.08%. The ex-dividend date was Friday, May 5th. Weis Markets’s payout ratio is presently 30.56%.

About Weis Markets

(Get Rating)

Weis Markets, Inc engages in the ownership and operation of retail food stores. Its retail stores offer groceries, dairy products, frozen foods, meats, seafood, fresh produce, floral, pharmacy services, deli products, prepared foods, bakery products, beer and wine, fuel, and general merchandise items.