Millennium Management LLC bought a new position in Weis Markets, Inc. (NYSE:WMK) during the fourth quarter, HoldingsChannel.com reports. The fund bought 7,717 shares of the company’s stock, valued at approximately $369,000.
A number of other institutional investors also recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in Weis Markets by 6.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,858,898 shares of the company’s stock worth $88,817,000 after buying an additional 106,332 shares in the last quarter. Royce & Associates LP increased its stake in Weis Markets by 7.8% in the 4th quarter. Royce & Associates LP now owns 1,375,200 shares of the company’s stock worth $65,707,000 after buying an additional 99,700 shares in the last quarter. First Trust Advisors LP purchased a new stake in Weis Markets in the 4th quarter worth $2,975,000. Vanguard Group Inc increased its stake in Weis Markets by 3.6% in the 3rd quarter. Vanguard Group Inc now owns 1,432,635 shares of the company’s stock worth $62,175,000 after buying an additional 49,195 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Weis Markets by 3.6% in the 3rd quarter. Vanguard Group Inc. now owns 1,432,635 shares of the company’s stock worth $62,175,000 after buying an additional 49,195 shares in the last quarter. 38.61% of the stock is currently owned by institutional investors.
Shares of Weis Markets stock opened at $39.41 on Friday. The stock has a market cap of $1.03 billion, a PE ratio of 18.50 and a beta of 0.10. Weis Markets, Inc. has a twelve month low of $38.11 and a twelve month high of $57.82.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, May 6th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.15%.
In other news, COO Kurt A. Schertle acquired 1,000 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was purchased at an average price of $40.36 per share, for a total transaction of $40,360.00. Following the completion of the transaction, the chief operating officer now directly owns 2,000 shares in the company, valued at approximately $80,720. The acquisition was disclosed in a filing with the SEC, which is available through this link. Company insiders own 27.00% of the company’s stock.
Weis Markets Profile
Weis Markets, Inc engages 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, and fuel; and general merchandise items, such as health and beauty care, and household products.
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