Weis Markets, Inc. (NYSE:WMK - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company 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.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded Weis Markets from a "strong-buy" rating to a "buy" rating in a research note on Thursday.
Read Our Latest Research Report on Weis Markets
Weis Markets Price Performance
The firm has a market cap of $2.17 billion, a PE ratio of 22.68 and a beta of 0.55. The business has a 50-day simple moving average of $80.59 and a 200 day simple moving average of $73.39.
Weis Markets (NYSE:WMK - Get Free Report) last issued its quarterly 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 6.85% and a net margin of 2.01%. The business had revenue of $1.20 billion during the quarter.
Weis Markets Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders 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 yield of 1.68%. Weis Markets's dividend payout ratio (DPR) is currently 34.09%.
Institutional Investors Weigh In On Weis Markets
Several institutional investors have recently made changes to their positions in the company. Barclays PLC increased its position in shares of Weis Markets by 354.5% during the third quarter. Barclays PLC now owns 27,459 shares of the company's stock worth $1,893,000 after acquiring an additional 21,418 shares during the period. DGS Capital Management LLC raised its position in Weis Markets by 7.5% during the 4th quarter. DGS Capital Management LLC now owns 6,608 shares of the company's stock valued at $448,000 after purchasing an additional 460 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new stake in shares of Weis Markets in the 4th quarter worth $205,000. Blue Trust Inc. grew its position in shares of Weis Markets by 32.8% during the 4th quarter. Blue Trust Inc. now owns 858 shares of the company's stock worth $59,000 after buying an additional 212 shares in the last quarter. Finally, Empowered Funds LLC increased its stake 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 valued at $4,694,000 after buying an additional 58,151 shares during the period.
Weis Markets Company Profile
(
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.
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