Weis Markets (NYSE:WMK) COO Purchases $32,755.00 in Stock

Weis Markets, Inc. (NYSE:WMK) COO Robert Gleeson acquired 500 shares of the company’s stock in a transaction 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 acquisition, the chief operating officer owned 1,000 shares of the company’s stock, valued at approximately $65,510. The trade was a 100.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Weis Markets Stock Performance

Weis Markets stock opened at $65.84 on Thursday. The company has a market capitalization of $1.63 billion, a P/E ratio of 16.38 and a beta of 0.45. Weis Markets, Inc. has a fifty-two week low of $61.53 and a fifty-two week high of $90.23. The stock has a 50-day simple moving average of $68.91 and a 200-day simple moving average of $73.13.

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

Weis Markets Dividend Announcement

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

Institutional Investors Weigh In On Weis Markets

Large investors have recently modified their holdings of the stock. Alps Advisors Inc. lifted its holdings in shares of Weis Markets by 7.9% during the first quarter. Alps Advisors Inc. now owns 15,703 shares of the company’s stock worth $1,210,000 after purchasing an additional 1,156 shares during the period. Denali Advisors LLC lifted its stake in shares of Weis Markets by 0.8% in the 1st quarter. Denali Advisors LLC now owns 38,219 shares of the company’s stock worth $2,945,000 after acquiring an additional 319 shares during the period. Allianz Asset Management GmbH lifted its stake in shares of Weis Markets by 7.8% in the 1st quarter. Allianz Asset Management GmbH now owns 152,837 shares of the company’s stock worth $11,776,000 after acquiring an additional 11,017 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Weis Markets in the first quarter valued at about $2,562,000. Finally, XTX Topco Ltd acquired a new position in shares of Weis Markets during the first quarter worth about $611,000.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Weis Markets in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average 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.