Stone Ridge Asset Management LLC cut its position in Weis Markets, Inc. (NYSE:WMK) by 10.8% during the fourth quarter, Holdings Channel reports. The firm owned 14,803 shares of the company’s stock after selling 1,785 shares during the quarter. Stone Ridge Asset Management LLC’s holdings in Weis Markets were worth $707,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in shares of Weis Markets by 9.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,752,566 shares of the company’s stock valued at $76,062,000 after buying an additional 157,060 shares during the last quarter. Royce & Associates LP grew its position in shares of Weis Markets by 7.8% in the 4th quarter. Royce & Associates LP now owns 1,375,200 shares of the company’s stock valued at $65,707,000 after buying an additional 99,700 shares during the last quarter. First Trust Advisors LP purchased a new position in shares of Weis Markets in the 4th quarter valued at $2,975,000. Vanguard Group Inc grew its position in shares of Weis Markets by 3.6% in the 3rd quarter. Vanguard Group Inc now owns 1,432,635 shares of the company’s stock valued at $62,175,000 after buying an additional 49,195 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Weis Markets by 3.6% in the 3rd quarter. Vanguard Group Inc. now owns 1,432,635 shares of the company’s stock valued at $62,175,000 after buying an additional 49,195 shares during the last quarter. 38.61% of the stock is currently owned by institutional investors.

In related news, COO Kurt A. Schertle bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were purchased at an average cost of $40.36 per share, with a total value of $40,360.00. Following the transaction, the chief operating officer now directly owns 2,000 shares of the company’s stock, valued at approximately $80,720. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 27.00% of the company’s stock.

NYSE WMK opened at $40.85 on Monday. The firm has a market capitalization of $1.10 billion, a P/E ratio of 17.53 and a beta of 0.12. Weis Markets, Inc. has a 12 month low of $38.24 and a 12 month high of $57.82.

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Tuesday, February 19th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend was Friday, February 15th.

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

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Weis Markets Company Profile

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.

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

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