Allspring Global Investments Holdings LLC Cuts Holdings in Weis Markets, Inc. (NYSE:WMK)

Allspring Global Investments Holdings LLC trimmed its holdings in shares of Weis Markets, Inc. (NYSE:WMK) by 7.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,163 shares of the company’s stock after selling 1,572 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Weis Markets were worth $1,203,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Bank of New York Mellon Corp increased its holdings in Weis Markets by 1.6% during the second quarter. Bank of New York Mellon Corp now owns 302,346 shares of the company’s stock valued at $18,978,000 after buying an additional 4,625 shares during the period. SummerHaven Investment Management LLC increased its holdings in Weis Markets by 2.1% during the second quarter. SummerHaven Investment Management LLC now owns 11,584 shares of the company’s stock valued at $727,000 after buying an additional 233 shares during the period. Capital Investment Counsel Inc increased its holdings in Weis Markets by 3.6% during the second quarter. Capital Investment Counsel Inc now owns 4,332 shares of the company’s stock valued at $272,000 after buying an additional 150 shares during the period. Diversified Trust Co increased its holdings in Weis Markets by 118.8% during the second quarter. Diversified Trust Co now owns 7,368 shares of the company’s stock valued at $462,000 after buying an additional 4,001 shares during the period. Finally, SG Americas Securities LLC purchased a new position in Weis Markets during the second quarter valued at approximately $268,000.

Weis Markets Stock Down 0.2 %

Shares of WMK opened at $67.86 on Thursday. The company has a market cap of $1.83 billion, a price-to-earnings ratio of 18.10 and a beta of 0.46. Weis Markets, Inc. has a twelve month low of $58.87 and a twelve month high of $76.62. The company has a 50 day moving average of $67.59 and a two-hundred day moving average of $65.09.

Weis Markets (NYSE:WMK) last announced its earnings results on Tuesday, August 6th. The company reported $0.98 earnings per share for the quarter. The company had revenue of $1.18 billion during the quarter. Weis Markets had a net margin of 1.97% and a return on equity of 6.74%.

Weis Markets Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 12th. Shareholders of record on Monday, July 29th were paid a $0.34 dividend. The ex-dividend date was Monday, July 29th. This represents a $1.36 annualized dividend and a yield of 2.00%. Weis Markets’s dividend payout ratio (DPR) is 36.27%.

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.