Weis Markets (NYSE:WMK) Hits New 1-Year High at $75.45

Weis Markets, Inc. (NYSE:WMK)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $75.45 and last traded at $75.00, with a volume of 8402 shares. The stock had previously closed at $74.68.

Weis Markets Stock Performance

The firm has a fifty day moving average price of $65.80 and a 200 day moving average price of $63.94. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 19.85 and a beta of 0.46.

Weis Markets (NYSE:WMK) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.86 EPS for the quarter. The company had revenue of $1.18 billion during the quarter. Weis Markets had a net margin of 2.14% and a return on equity of 7.40%.

Weis Markets Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 12th. Shareholders of record on Monday, July 29th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Monday, July 29th. Weis Markets’s dividend payout ratio (DPR) is presently 36.27%.

Insider Buying and Selling at Weis Markets

In other Weis Markets news, Director Edward John Lauth III bought 1,525 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were acquired at an average cost of $64.98 per share, with a total value of $99,094.50. Following the acquisition, the director now owns 1,525 shares of the company’s stock, valued at $99,094.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 27.10% of the company’s stock.

Institutional Trading of Weis Markets

A number of hedge funds have recently modified their holdings of WMK. nVerses Capital LLC increased its position in Weis Markets by 100.0% during the 2nd quarter. nVerses Capital LLC now owns 400 shares of the company’s stock worth $25,000 after buying an additional 200 shares during the period. Innealta Capital LLC bought a new position in Weis Markets during the second quarter worth about $50,000. Bank of New York Mellon Corp increased its position in Weis Markets by 1.6% during the second quarter. Bank of New York Mellon Corp now owns 302,346 shares of the company’s stock worth $18,978,000 after acquiring an additional 4,625 shares during the period. SummerHaven Investment Management LLC raised its stake in Weis Markets by 2.1% in the 2nd quarter. SummerHaven Investment Management LLC now owns 11,584 shares of the company’s stock worth $727,000 after purchasing an additional 233 shares in the last quarter. Finally, Capital Investment Counsel Inc boosted its holdings in Weis Markets by 3.6% in the 2nd quarter. Capital Investment Counsel Inc now owns 4,332 shares of the company’s stock valued at $272,000 after purchasing an additional 150 shares during the period.

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.