IndexIQ Advisors LLC increased its holdings in shares of Weis Markets, Inc. (NYSE:WMK) by 83.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,532 shares of the company’s stock after buying an additional 6,605 shares during the period. IndexIQ Advisors LLC owned about 0.05% of Weis Markets worth $632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in WMK. First Trust Advisors LP lifted its position in shares of Weis Markets by 35.7% during the 2nd quarter. First Trust Advisors LP now owns 450,435 shares of the company’s stock valued at $21,945,000 after buying an additional 118,394 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Weis Markets by 7.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,092,999 shares of the company’s stock valued at $53,251,000 after buying an additional 77,804 shares in the last quarter. Royce & Associates LP lifted its position in shares of Weis Markets by 3.6% during the 2nd quarter. Royce & Associates LP now owns 1,420,500 shares of the company’s stock valued at $69,207,000 after buying an additional 49,500 shares in the last quarter. Morgan Dempsey Capital Management LLC lifted its position in shares of Weis Markets by 55.4% during the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 103,993 shares of the company’s stock valued at $5,067,000 after buying an additional 37,082 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Weis Markets by 5.6% in the 2nd quarter. Renaissance Technologies LLC now owns 637,600 shares of the company’s stock valued at $31,064,000 after purchasing an additional 33,800 shares during the last quarter. Hedge funds and other institutional investors own 31.48% of the company’s stock.

Separately, BidaskClub raised Weis Markets from a “strong sell” rating to a “sell” rating in a research note on Monday, August 14th.

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Weis Markets, Inc. (NYSE WMK) opened at $34.20 on Tuesday. Weis Markets, Inc. has a 52 week low of $31.26 and a 52 week high of $68.88. The company has a quick ratio of 0.80, a current ratio of 1.91 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $935.24, a price-to-earnings ratio of 12.37 and a beta of 0.68.

Weis Markets (NYSE:WMK) last posted its quarterly earnings data on Friday, November 3rd. The company reported $0.16 EPS for the quarter. Weis Markets had a return on equity of 8.13% and a net margin of 2.16%. The firm had revenue of $854.26 million during the quarter.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Monday, November 6th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.51%. The ex-dividend date of this dividend is Friday, November 3rd. Weis Markets’s dividend payout ratio is currently 42.70%.

In other news, CFO Scott F. Frost acquired 600 shares of Weis Markets stock in a transaction that occurred on Monday, September 18th. The stock was purchased at an average cost of $42.85 per share, with a total value of $25,710.00. Following the purchase, the chief financial officer now owns 1,961 shares in the company, valued at $84,028.85. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Edward John Lauth III acquired 2,000 shares of Weis Markets stock in a transaction that occurred on Tuesday, November 7th. The stock was purchased at an average cost of $34.77 per share, with a total value of $69,540.00. Following the completion of the purchase, the director now owns 5,000 shares in the company, valued at approximately $173,850. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 3,575 shares of company stock valued at $132,455. 26.90% of the stock is owned by corporate insiders.

Weis Markets Company Profile

Weis Markets, Inc is engaged principally in the retail sale of food 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, fuel and general merchandise items, such as health and beauty care and household products.

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Institutional Ownership by Quarter for Weis Markets (NYSE:WMK)

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