Weis Markets, Inc. (NYSE:WMK - Get Free Report)'s stock price hit a new 52-week high on Monday . The stock 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 Stock Performance
The business's 50 day moving average price is $77.59 and its 200 day moving average price is $71.69. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 23.56 and a beta of 0.67.
Weis Markets (NYSE:WMK - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $1.29 earnings per share (EPS) for the quarter. The business 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.62%. The ex-dividend date was Tuesday, February 18th. Weis Markets's payout ratio is 33.25%.
Institutional Trading of Weis Markets
Institutional investors and hedge funds have recently made changes to their positions in the company. Sterling Capital Management LLC grew its holdings in shares of Weis Markets by 826.3% during the fourth quarter. Sterling Capital Management LLC now owns 528 shares of the company's stock worth $36,000 after buying an additional 471 shares during the last quarter. Fifth Third Bancorp purchased a new stake in Weis Markets during the 1st quarter worth $58,000. Blue Trust Inc. increased its holdings in Weis Markets by 32.8% in the 4th quarter. Blue Trust Inc. now owns 858 shares of the company's stock valued at $59,000 after purchasing an additional 212 shares in the last quarter. State of Wyoming purchased a new position in Weis Markets in the fourth quarter valued at about $104,000. Finally, Lee Danner & Bass Inc. acquired a new position in shares of Weis Markets during the fourth quarter worth about $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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