Weis Markets, Inc. (NYSE:WMK - Get Free Report)'s stock price reached a new 52-week high on Thursday . The company traded as high as $76.94 and last traded at $77.32, with a volume of 71595 shares. The stock had previously closed at $74.72.
Weis Markets Stock Up 1.8 %
The company has a market capitalization of $2.23 billion, a PE ratio of 23.25 and a beta of 0.53. The firm has a 50-day moving average of $69.46 and a two-hundred day moving average of $68.93.
Weis Markets (NYSE:WMK - Get Free Report) last released its quarterly earnings data 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 net margin of 2.01% and a return on equity of 6.85%.
Weis Markets Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend was Tuesday, February 18th. Weis Markets's payout ratio is 33.25%.
Institutional Investors Weigh In On Weis Markets
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sterling Capital Management LLC grew its position in shares of Weis Markets by 826.3% in the fourth quarter. Sterling Capital Management LLC now owns 528 shares of the company's stock valued at $36,000 after purchasing an additional 471 shares in the last quarter. Prospera Private Wealth LLC acquired a new stake in shares of Weis Markets during the 3rd quarter worth approximately $44,000. Blue Trust Inc. raised 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 valued at $59,000 after buying an additional 212 shares during the period. State of Wyoming acquired a new position in Weis Markets in the fourth quarter valued at approximately $104,000. Finally, Lee Danner & Bass Inc. acquired a new position in Weis Markets in the fourth quarter valued at approximately $110,000.
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.
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