Weis Markets, Inc. (NYSE:WMK) Plans Quarterly Dividend of $0.34

Weis Markets, Inc. (NYSE:WMK - Get Free Report) announced 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 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend is Monday, July 28th.

Weis Markets Stock Performance

Shares of NYSE WMK traded down $0.26 during trading on Monday, hitting $76.28. The company had a trading volume of 92,964 shares, compared to its average volume of 100,905. The company has a market cap of $2.05 billion, a P/E ratio of 19.12 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's 50-day moving average is $75.05 and its 200 day moving average is $75.18.

Weis Markets (NYSE:WMK - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.76 earnings per share for the quarter. The business had revenue of $1.20 billion for the quarter. Weis Markets had a net margin of 2.24% and a return on equity of 7.49%.

Institutional Trading of Weis Markets

A number of institutional investors have recently bought and sold shares of the business. Royal Bank of Canada lifted its stake 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Weis Markets by 4.3% in the 1st 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 last quarter. Finally, AQR Capital Management LLC lifted its stake in Weis Markets by 9.2% in the 1st quarter. AQR Capital Management LLC now owns 14,798 shares of the company's stock valued at $1,140,000 after purchasing an additional 1,242 shares during the last quarter.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Weis Markets from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 8th.

Weis Markets Company 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.