Weis Markets (NYSE:WMK) Sets New 12-Month High - What's Next?

Weis Markets, Inc. (NYSE:WMK - Get Free Report)'s share price hit a new 52-week high on Tuesday . The stock traded as high as $88.62 and last traded at $88.45, with a volume of 118894 shares trading hands. The stock had previously closed at $87.97.

Weis Markets Trading Up 0.5 %

The business has a fifty day moving average of $79.70 and a two-hundred day moving average of $72.89. The company has a market cap of $2.38 billion, a price-to-earnings ratio of 24.85 and a beta of 0.55.

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

Weis Markets Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 12th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.36 annualized dividend and a dividend yield of 1.54%. Weis Markets's dividend payout ratio (DPR) is presently 33.25%.

Institutional Investors Weigh In On Weis Markets

Several large investors have recently bought and sold shares of the company. American Century Companies Inc. boosted its stake in shares of Weis Markets by 14.8% in the fourth quarter. American Century Companies Inc. now owns 485,287 shares of the company's stock worth $32,864,000 after acquiring an additional 62,472 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Weis Markets by 521.2% during the fourth quarter. Empowered Funds LLC now owns 69,309 shares of the company's stock worth $4,694,000 after buying an additional 58,151 shares in the last quarter. Bridgeway Capital Management LLC raised its position in shares of Weis Markets by 259.4% in the fourth quarter. Bridgeway Capital Management LLC now owns 72,233 shares of the company's stock valued at $4,892,000 after buying an additional 52,134 shares during the last quarter. Norges Bank purchased a new position in shares of Weis Markets in the fourth quarter worth about $3,418,000. Finally, Vanguard Group Inc. boosted its position in Weis Markets by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 1,842,882 shares of the company's stock worth $124,800,000 after acquiring an additional 30,772 shares during the last quarter.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.