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

Allspring Global Investments Holdings LLC reduced its holdings in shares of Weis Markets, Inc. (NYSE:WMK – Free Report) 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 have also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its holdings in Weis Markets by 1.6% in 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 purchasing an additional 4,625 shares during the period. SummerHaven Investment Management LLC boosted its holdings in Weis Markets by 2.1% in the second quarter. SummerHaven Investment Management LLC now owns 11,584 shares of the company’s stock valued at $727,000 after purchasing an additional 233 shares during the period. Capital Investment Counsel Inc boosted its holdings in Weis Markets by 3.6% in the second quarter. Capital Investment Counsel Inc now owns 4,332 shares of the company’s stock valued at $272,000 after purchasing an additional 150 shares during the period. Diversified Trust Co boosted 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 purchasing an additional 4,001 shares during the period. Finally, SG Americas Securities LLC acquired a new position in Weis Markets in the second quarter valued at approximately $268,000.

Weis Markets shares fell 0.2%

Shares of WMK stock 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 12-month low of $58.87 and a 12-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 – Get Free Report ) 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 29. This represents an annualized dividend of $1.36 and a yield of 2.00%. Weis Markets’ dividend payout ratio (DPR) is 36.27%.

Weis Markets Company Profile

(Free Report)

Weis Markets, Inc engages in the retail sale of food through a chain of supermarkets in Pennsylvania and surrounding states. The Company’s grocery retail stores sell grocery, dairy, frozen, meat, seafood, fresh produce, floral, pharmacy services, deli, prepared, bakery, beer and wine, and fuel; and general merchandise items such as health and beauty care and household products.

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