Zurcher Kantonalbank Zurich Cantonalbank Boosts Stock Holdings in Weis Markets, Inc. (NYSE:WMK)

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Weis Markets, Inc. (NYSE:WMK) by 4.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,684 shares of the company’s stock after purchasing an additional 171 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Weis Markets were worth $236,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC boosted its stake in Weis Markets by 6,300.0% during the fourth quarter. International Assets Investment Management LLC now owns 384 shares of the company’s stock valued at $25,000 after buying an additional 378 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Weis Markets by 93.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 425 shares of the company’s stock valued at $27,000 after acquiring an additional 205 shares during the last quarter. Covestor Ltd grew its position in Weis Markets by 80.0% in the third quarter. Covestor Ltd now owns 1,922 shares of the company’s stock worth $121,000 after acquiring an additional 854 shares in the last quarter. SG Americas Securities LLC bought a new stake in Weis Markets during the fourth quarter worth approximately $163,000. Finally, Quadrature Capital Ltd bought a new stake in Weis Markets during the third quarter worth approximately $260,000.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on WMK. TheStreet raised Weis Markets from a “c+” rating to a “b-” rating in a research report on Monday, March 18th. StockNews.com raised shares of Weis Markets from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th.

Weis Markets Trading Up 0.4 %

Shares of NYSE WMK opened at $63.41 on Tuesday. The business’s 50 day moving average price is $63.45 and its 200-day moving average price is $62.93. Weis Markets, Inc. has a fifty-two week low of $58.75 and a fifty-two week high of $78.65.

Weis Markets (NYSE:WMK) last issued its earnings results on Tuesday, February 27th. The company reported $0.76 earnings per share (EPS) for the quarter. The firm had revenue of $1.21 billion during the quarter. Weis Markets had a net margin of 2.21% and a return on equity of 7.69%.

Weis Markets Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend is Friday, May 10th. Weis Markets’s dividend payout ratio is presently 35.32%.

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.