Martin & Co. Inc. TN Trims Holdings in Weis Markets, Inc. (NYSE:WMK)

Martin & Co. Inc. TN cut its stake in Weis Markets, Inc. (NYSE:WMK) by 3.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 28,216 shares of the company’s stock after selling 1,090 shares during the quarter. Martin & Co. Inc. TN’s holdings in Weis Markets were worth $1,911,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC grew its position 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 purchasing an additional 408 shares in the last quarter. Blue Trust Inc. boosted its stake in Weis Markets by 71.4% during the third quarter. Blue Trust Inc. now owns 646 shares of the company’s stock valued at $41,000 after buying an additional 269 shares during the period. Prospera Private Wealth LLC bought a new stake in Weis Markets during the third quarter valued at $44,000. Inspire Advisors LLC bought a new stake in Weis Markets during the third quarter valued at $200,000. Finally, Flagship Harbor Advisors LLC bought a new stake in Weis Markets during the fourth quarter valued at $205,000.

Weis Markets Stock Down 1.6 %

Shares of WMK stock opened at $71.26 on Monday. The business has a 50-day moving average price of $68.45 and a two-hundred day moving average price of $68.30. Weis Markets, Inc. has a 12-month low of $59.58 and a 12-month high of $76.62. The firm has a market cap of $1.92 billion, a P/E ratio of 20.02 and a beta of 0.51.

Weis Markets Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.91%. The ex-dividend date is Tuesday, February 18th. Weis Markets’s dividend payout ratio (DPR) is currently 38.20%.

Wall Street Analysts Forecast Growth

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

Weis Markets 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.