Robert Gleeson Purchases 500 Shares of Weis Markets (NYSE:WMK) Stock

Weis Markets, Inc. (NYSE:WMK) COO Robert Gleeson bought 500 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were purchased at an average cost of $65.51 per share, for a total transaction of $32,755.00. Following the completion of the transaction, the chief operating officer owned 1,000 shares of the company’s stock, valued at $65,510. This represents a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Weis Markets Price Performance

Shares of WMK stock opened at $64.41 on Monday. The stock has a fifty day moving average price of $69.34 and a 200 day moving average price of $73.44. Weis Markets, Inc. has a one year low of $61.53 and a one year high of $90.23. The stock has a market cap of $1.59 billion, a P/E ratio of 16.19 and a beta of 0.45.

Weis Markets (NYSE:WMK) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.74 EPS for the quarter. The firm had revenue of $1.24 billion during the quarter. Weis Markets had a net margin of 2.23% and a return on equity of 7.60%.

Weis Markets Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 24th. Shareholders of record on Monday, November 10th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Monday, November 10th. Weis Markets’s dividend payout ratio is 35.79%.

Hedge Funds Weigh In On Weis Markets

Large investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its holdings in shares of Weis Markets by 107.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 356 shares of the company’s stock valued at $26,000 after acquiring an additional 184 shares in the last quarter. Raymond James Financial Inc. bought a new position in Weis Markets in the second quarter valued at about $55,000. State of Alaska Department of Revenue acquired a new stake in shares of Weis Markets during the third quarter valued at about $74,000. Tower Research Capital LLC TRC grew its holdings in shares of Weis Markets by 138.8% during the second quarter. Tower Research Capital LLC TRC now owns 1,330 shares of the company’s stock worth $96,000 after purchasing an additional 773 shares during the last quarter. Finally, Osaic Holdings Inc. grew its holdings in shares of Weis Markets by 16.4% during the second quarter. Osaic Holdings Inc. now owns 1,591 shares of the company’s stock worth $115,000 after purchasing an additional 224 shares during the last quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Weis Markets in a report on Thursday, October 30th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Weis Markets Company Profile

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.