Rhumbline Advisers increased its holdings in Weis Markets, Inc. (NYSE:WMK) by 25.2% during the 4th quarter, Holdings Channel reports. The firm owned 19,884 shares of the company’s stock after buying an additional 3,996 shares during the period. Rhumbline Advisers’ holdings in Weis Markets were worth $950,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of WMK. Bank of New York Mellon Corp grew its stake in shares of Weis Markets by 0.7% in the second quarter. Bank of New York Mellon Corp now owns 404,905 shares of the company’s stock worth $21,597,000 after purchasing an additional 2,836 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Weis Markets in the third quarter worth about $346,000. O Shaughnessy Asset Management LLC grew its stake in shares of Weis Markets by 110.5% in the third quarter. O Shaughnessy Asset Management LLC now owns 14,157 shares of the company’s stock worth $613,000 after purchasing an additional 7,431 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of Weis Markets by 3,370.1% in the third quarter. Bessemer Group Inc. now owns 15,095 shares of the company’s stock worth $655,000 after purchasing an additional 14,660 shares during the last quarter. Finally, Systematic Financial Management LP bought a new stake in shares of Weis Markets in the third quarter worth about $1,270,000. 37.74% of the stock is currently owned by institutional investors.

NYSE WMK opened at $40.56 on Friday. The stock has a market capitalization of $1.12 billion, a P/E ratio of 17.80 and a beta of 0.12. Weis Markets, Inc. has a 1 year low of $37.28 and a 1 year high of $57.82.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Tuesday, February 19th were paid a $0.31 dividend. The ex-dividend date was Friday, February 15th. This represents a $1.24 annualized dividend and a dividend yield of 3.06%.

Separately, TheStreet raised Weis Markets from a “c+” rating to a “b-” rating in a research note on Monday, December 3rd.

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About Weis Markets

Weis Markets, Inc engages in the retail sale of food 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.

Further Reading: Technical Analysis

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Institutional Ownership by Quarter for Weis Markets (NYSE:WMK)

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