Weis Markets, Inc. (NYSE:WMK – Get Free Report) announced a quarterly dividend on Thursday, October 29th. Shareholders of record on Monday, November 9th will be paid a dividend of $0.34 per share on Monday, November 23rd. This represents a $1.36 annualized dividend and a yield of 1.8%. The ex-dividend date is Monday, November 9th.
Weis Markets Stock Performance
Shares of NYSE WMK opened at $74.88 on Friday. Weis Markets has a 52 week low of $59.99 and a 52 week high of $83.74. The stock has a 50 day moving average price of $73.03 and a 200 day moving average price of $72.55. The stock has a market capitalization of $1.85 billion, a PE ratio of 18.58 and a beta of 0.40.
Weis Markets (NYSE:WMK – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.92 earnings per share (EPS) for the quarter. Weis Markets had a return on equity of 7.40% and a net margin of 1.99%. The company had revenue of $1.28 billion during the quarter.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the business. BlackRock Inc. bought a new position in Weis Markets in the second quarter worth about $95,417,000. Bank of New York Mellon Corp purchased a new position in Weis Markets during the second quarter valued at $21,131,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Weis Markets by 2,228.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 171,930 shares of the company’s stock worth $11,758,000 after acquiring an additional 164,546 shares during the last quarter. Empowered Funds LLC purchased a new position in Weis Markets in the second quarter worth about $8,223,000. Finally, Bank of America Corp DE purchased a new stake in shares of Weis Markets during the second quarter valued at approximately $4,317,000.
Weis Markets Company Profile
Weis Markets, Inc is a regional food retailer that operates supermarkets under the Weis Markets banner. The company offers a broad selection of grocery products, including fresh produce, meat and seafood, dairy items, bakery and deli goods, frozen foods, beverages, household products, and health and beauty items. Many locations also provide pharmacy services, prepared foods, fuel, and online grocery ordering or pickup options.
Founded in 1912 by brothers Harry and Sigmund Weis in Sunbury, Pennsylvania, the company has grown into a Mid-Atlantic supermarket chain.
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