International Assets Investment Management LLC Buys 408 Shares of Weis Markets, Inc. (NYSE:WMK)

International Assets Investment Management LLC boosted its stake in shares of Weis Markets, Inc. (NYSE:WMK) by 6,800.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 414 shares of the company’s stock after buying an additional 408 shares during the quarter. International Assets Investment Management LLC’s holdings in Weis Markets were worth $29,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in WMK. Dimensional Fund Advisors LP lifted its stake in shares of Weis Markets by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,143,192 shares of the company’s stock worth $134,528,000 after acquiring an additional 7,856 shares during the period. American Century Companies Inc. lifted its position in shares of Weis Markets by 29.1% in the 2nd quarter. American Century Companies Inc. now owns 334,324 shares of the company’s stock worth $20,986,000 after purchasing an additional 75,395 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Weis Markets by 1.6% in the 2nd 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 last quarter. Squarepoint Ops LLC increased its position in shares of Weis Markets by 23.8% during the second quarter. Squarepoint Ops LLC now owns 34,326 shares of the company’s stock worth $2,155,000 after buying an additional 6,598 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in Weis Markets by 24.5% during the first quarter. BNP Paribas Financial Markets now owns 20,662 shares of the company’s stock worth $1,331,000 after buying an additional 4,065 shares during the last quarter.

Weis Markets Price Performance

Shares of Weis Markets stock opened at $74.56 on Friday. The stock’s 50-day moving average is $67.06 and its 200 day moving average is $66.34. Weis Markets, Inc. has a one year low of $58.87 and a one year high of $76.62. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 20.94 and a beta of 0.47.

Weis Markets (NYSE:WMK) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.98 earnings per share (EPS) for the quarter. The firm had revenue of $1.18 billion for the quarter. Weis Markets had a return on equity of 6.90% and a net margin of 2.01%.

Weis Markets Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend is Tuesday, November 12th. Weis Markets’s dividend payout ratio is presently 38.20%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Weis Markets from a “buy” rating to a “strong-buy” rating in a research report on Thursday.

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.