Lee Danner & Bass Inc. Invests $110,000 in Weis Markets, Inc. (NYSE:WMK)

Lee Danner & Bass Inc. acquired a new position in shares of Weis Markets, Inc. (NYSE:WMK) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,620 shares of the company’s stock, valued at approximately $110,000.

A number of other institutional investors also recently made changes to their positions in the company. Prospera Private Wealth LLC bought a new stake in shares of Weis Markets in the third quarter valued at approximately $44,000. Blue Trust Inc. boosted its stake in shares of Weis Markets by 32.8% in the fourth quarter. Blue Trust Inc. now owns 858 shares of the company’s stock valued at $59,000 after buying an additional 212 shares during the period. Flagship Harbor Advisors LLC bought a new stake in shares of Weis Markets in the fourth quarter valued at approximately $205,000. SageView Advisory Group LLC bought a new stake in shares of Weis Markets in the third quarter valued at approximately $208,000. Finally, PFG Advisors bought a new stake in shares of Weis Markets in the fourth quarter valued at approximately $219,000.

Weis Markets Trading Down 3.2 %

Shares of WMK stock opened at $76.02 on Friday. The stock has a market cap of $2.04 billion, a P/E ratio of 21.35 and a beta of 0.53. The stock has a 50 day simple moving average of $71.81 and a 200 day simple moving average of $69.76. Weis Markets, Inc. has a 1 year low of $60.39 and a 1 year high of $83.09.

Weis Markets (NYSE:WMK) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $1.29 earnings per share (EPS) for the quarter. The business had revenue of $1.23 billion during the quarter. Weis Markets had a return on equity of 6.85% and a net margin of 2.01%.

Weis Markets Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend was Tuesday, February 18th. Weis Markets’s payout ratio is presently 33.25%.

About Weis Markets

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.