Weis Markets, Inc. (NYSE:WMK - Get Free Report) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $83.40 and last traded at $81.56, with a volume of 65131 shares. The stock had previously closed at $76.48.
Weis Markets Price Performance
The company has a market cap of $2.19 billion, a P/E ratio of 22.88 and a beta of 0.67. The stock has a fifty day moving average price of $76.00 and a two-hundred day moving average price of $70.99.
Weis Markets (NYSE:WMK - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $1.29 earnings per share 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 $1.23 billion for the quarter.
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 given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend was Tuesday, February 18th. Weis Markets's payout ratio is 33.25%.
Hedge Funds Weigh In On Weis Markets
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Blue Trust Inc. lifted its holdings in Weis Markets by 32.8% during the fourth quarter. Blue Trust Inc. now owns 858 shares of the company's stock worth $59,000 after acquiring an additional 212 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Weis Markets by 4.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,370 shares of the company's stock worth $635,000 after buying an additional 367 shares during the last quarter. DGS Capital Management LLC grew its position in Weis Markets by 6.4% during the third quarter. DGS Capital Management LLC now owns 6,148 shares of the company's stock valued at $424,000 after buying an additional 369 shares during the period. Sterling Capital Management LLC increased its holdings in 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. Finally, Legal & General Group Plc raised its position in Weis Markets by 2.8% in the fourth quarter. Legal & General Group Plc now owns 17,451 shares of the company's stock worth $1,182,000 after acquiring an additional 482 shares during the period.
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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