Prospera Private Wealth LLC Invests $44,000 in Weis Markets, Inc. (NYSE:WMK)

Prospera Private Wealth LLC bought a new stake in Weis Markets, Inc. (NYSE:WMK) in the third quarter, Holdings Channel reports. The institutional investor bought 639 shares of the company’s stock, valued at approximately $44,000.

A number of other large investors have also modified their holdings of the company. Capital Investment Counsel Inc increased its holdings in Weis Markets by 3.6% in the 2nd quarter. Capital Investment Counsel Inc now owns 4,332 shares of the company’s stock valued at $272,000 after buying an additional 150 shares during the period. nVerses Capital LLC boosted its position in shares of Weis Markets by 100.0% during the 2nd quarter. nVerses Capital LLC now owns 400 shares of the company’s stock valued at $25,000 after acquiring an additional 200 shares in the last quarter. SummerHaven Investment Management LLC boosted its position in shares of Weis Markets by 2.1% during the 2nd quarter. SummerHaven Investment Management LLC now owns 11,584 shares of the company’s stock valued at $727,000 after acquiring an additional 233 shares in the last quarter. Hsbc Holdings PLC increased its stake in Weis Markets by 1.3% in the second quarter. Hsbc Holdings PLC now owns 19,606 shares of the company’s stock valued at $1,229,000 after acquiring an additional 247 shares during the period. Finally, Linden Thomas Advisory Services LLC raised its position in Weis Markets by 1.8% in the second quarter. Linden Thomas Advisory Services LLC now owns 14,765 shares of the company’s stock worth $927,000 after purchasing an additional 268 shares in the last quarter.

Analyst Upgrades and Downgrades

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

Weis Markets Stock Performance

Shares of NYSE WMK opened at $71.68 on Friday. Weis Markets, Inc. has a 52-week low of $58.87 and a 52-week high of $76.62. The business has a fifty day moving average of $67.91 and a two-hundred day moving average of $66.89. The stock has a market cap of $1.93 billion, a PE ratio of 20.12 and a beta of 0.47.

Weis Markets Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th will be given a $0.34 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $1.36 dividend on an annualized basis and a yield of 1.90%. Weis Markets’s dividend payout ratio (DPR) is presently 38.20%.

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.