Empowered Funds LLC Acquires 58,151 Shares of Weis Markets, Inc. (NYSE:WMK)

Empowered Funds LLC boosted its holdings in shares of Weis Markets, Inc. (NYSE:WMK) by 521.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,309 shares of the company’s stock after acquiring an additional 58,151 shares during the quarter. Empowered Funds LLC owned 0.26% of Weis Markets worth $4,694,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WMK. The Manufacturers Life Insurance Company increased its holdings in Weis Markets by 3.3% in the second quarter. The Manufacturers Life Insurance Company now owns 9,257 shares of the company’s stock valued at $581,000 after purchasing an additional 299 shares during the period. Creative Planning bought a new stake in shares of Weis Markets in the 3rd quarter valued at about $233,000. Inspire Advisors LLC acquired a new stake in shares of Weis Markets in the third quarter valued at about $200,000. Blue Trust Inc. raised its position in shares of Weis Markets by 71.4% during the third quarter. Blue Trust Inc. now owns 646 shares of the company’s stock worth $41,000 after acquiring an additional 269 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Weis Markets by 2.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 19,671 shares of the company’s stock worth $1,356,000 after acquiring an additional 508 shares during the period.

Weis Markets Stock Up 1.9 %

Shares of NYSE WMK opened at $71.59 on Wednesday. The company has a market capitalization of $1.93 billion, a PE ratio of 20.11 and a beta of 0.51. Weis Markets, Inc. has a twelve month low of $59.19 and a twelve month high of $76.62. The firm has a fifty day simple moving average of $68.39 and a 200 day simple moving average of $68.36.

Weis Markets Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Tuesday, February 18th. Weis Markets’s dividend payout ratio (DPR) is presently 38.20%.

Analyst Upgrades and Downgrades

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