Weis Markets, Inc. (NYSE:WMK - Get Free Report) reached a new 52-week high on Monday . The company traded as high as $84.38 and last traded at $83.55, with a volume of 18985 shares traded. The stock had previously closed at $82.46.
Weis Markets Price Performance
The firm has a market capitalization of $2.20 billion, a PE ratio of 22.92 and a beta of 0.67. The company has a fifty day moving average of $78.07 and a 200-day moving average of $71.98.
Weis Markets (NYSE:WMK - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $1.29 earnings per share for the quarter. The company 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 disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date was Tuesday, February 18th. Weis Markets's dividend payout ratio is presently 33.25%.
Institutional Trading of Weis Markets
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WMK. Diversified Trust Co raised its stake in Weis Markets by 1.4% during the 1st quarter. Diversified Trust Co now owns 9,129 shares of the company's stock valued at $703,000 after purchasing an additional 122 shares during the last quarter. Flagship Harbor Advisors LLC increased its stake in Weis Markets by 12.5% during the first quarter. Flagship Harbor Advisors LLC now owns 3,404 shares of the company's stock valued at $262,000 after acquiring an additional 379 shares during the period. Exchange Traded Concepts LLC lifted its position in shares of Weis Markets by 1,258.8% in the 1st quarter. Exchange Traded Concepts LLC now owns 2,079 shares of the company's stock worth $160,000 after acquiring an additional 1,926 shares during the period. SummerHaven Investment Management LLC grew its holdings in shares of Weis Markets by 1.7% during the 1st quarter. SummerHaven Investment Management LLC now owns 12,393 shares of the company's stock worth $955,000 after purchasing an additional 212 shares in the last quarter. Finally, Fifth Third Bancorp bought a new stake in shares of Weis Markets during the first quarter valued at approximately $58,000.
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.
Featured Stories
Before you consider Weis Markets, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Weis Markets wasn't on the list.
While Weis Markets currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
