Weis Markets, Inc. (NYSE:WMK - Get Free Report) declared a quarterly dividend on Thursday, July 17th, RTT News reports. Investors of record on Monday, July 28th will be paid a dividend of 0.34 per share on Monday, August 11th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.74%.
Weis Markets Trading Up 1.2%
WMK traded up $0.95 on Thursday, hitting $78.30. 115,958 shares of the stock traded hands, compared to its average volume of 100,728. The firm has a market capitalization of $2.11 billion, a PE ratio of 19.62 and a beta of 0.46. Weis Markets has a 52 week low of $62.25 and a 52 week high of $90.23. The business has a fifty day moving average price of $75.14 and a two-hundred day moving average price of $75.02.
Weis Markets (NYSE:WMK - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.76 earnings per share (EPS) for the quarter. Weis Markets had a return on equity of 7.49% and a net margin of 2.24%. The business had revenue of $1.20 billion during the quarter.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen downgraded shares of Weis Markets from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 8th.
View Our Latest Stock Report on Weis Markets
Hedge Funds Weigh In On Weis Markets
Institutional investors and hedge funds have recently modified their holdings of the stock. Royal Bank of Canada lifted its holdings in Weis Markets by 17.5% in the 1st quarter. Royal Bank of Canada now owns 8,120 shares of the company's stock valued at $626,000 after purchasing an additional 1,212 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Weis Markets by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,775 shares of the company's stock valued at $753,000 after purchasing an additional 405 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of Weis Markets by 9.2% during the first quarter. AQR Capital Management LLC now owns 14,798 shares of the company's stock worth $1,140,000 after buying an additional 1,242 shares during the period.
About Weis Markets
(
Get Free Report)
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.
Further Reading
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