DGS Capital Management LLC Boosts Stock Position in Weis Markets, Inc. (NYSE:WMK)

DGS Capital Management LLC grew its position in shares of Weis Markets, Inc. (NYSE:WMK) by 6.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,148 shares of the company’s stock after purchasing an additional 369 shares during the period. DGS Capital Management LLC’s holdings in Weis Markets were worth $424,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. American Century Companies Inc. raised its holdings in Weis Markets by 29.1% in the 2nd quarter. American Century Companies Inc. now owns 334,324 shares of the company’s stock valued at $20,986,000 after acquiring an additional 75,395 shares during the last quarter. AQR Capital Management LLC purchased a new position in shares of Weis Markets during the 2nd quarter worth about $813,000. International Assets Investment Management LLC boosted 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 worth $29,000 after acquiring an additional 408 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Weis Markets by 3.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 402,797 shares of the company’s stock valued at $27,765,000 after purchasing an additional 13,946 shares during the period. Finally, Victory Capital Management Inc. increased its position in Weis Markets by 79.8% during the third quarter. Victory Capital Management Inc. now owns 20,261 shares of the company’s stock worth $1,397,000 after purchasing an additional 8,990 shares during the last quarter.

Weis Markets Price Performance

NYSE WMK opened at $71.19 on Friday. Weis Markets, Inc. has a 1-year low of $58.87 and a 1-year high of $76.62. The firm has a market capitalization of $1.92 billion, a P/E ratio of 20.00 and a beta of 0.51. The business’s 50-day simple moving average is $69.02 and its 200-day simple moving average is $67.55.

Weis Markets Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend was Tuesday, November 12th. Weis Markets’s payout ratio is currently 38.20%.

Wall Street Analyst Weigh In

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

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.