Weis Markets (NYSE:WMK) Reaches New 1-Year High – Time to Buy?

Weis Markets, Inc. (NYSE:WMK) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $76.94 and last traded at $77.32, with a volume of 71595 shares traded. The stock had previously closed at $74.72.

Weis Markets Trading Up 4.9 %

The firm has a fifty day simple moving average of $69.20 and a two-hundred day simple moving average of $68.78. The firm has a market cap of $2.18 billion, a PE ratio of 22.78 and a beta of 0.53.

Weis Markets (NYSE:WMK) last released 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 during the quarter.

Weis Markets Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend was Tuesday, February 18th. Weis Markets’s dividend payout ratio (DPR) is currently 33.25%.

Institutional Investors Weigh In On Weis Markets

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Weis Markets by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 1,842,882 shares of the company’s stock worth $124,800,000 after buying an additional 30,772 shares during the period. American Century Companies Inc. lifted its stake in shares of Weis Markets by 14.8% in the 4th quarter. American Century Companies Inc. now owns 485,287 shares of the company’s stock valued at $32,864,000 after purchasing an additional 62,472 shares during the period. Geode Capital Management LLC lifted its stake in shares of Weis Markets by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 442,810 shares of the company’s stock valued at $29,994,000 after purchasing an additional 7,846 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Weis Markets by 4.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 420,276 shares of the company’s stock valued at $28,461,000 after purchasing an additional 17,479 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Weis Markets by 9.1% in the 4th quarter. Northern Trust Corp now owns 166,968 shares of the company’s stock valued at $11,307,000 after purchasing an additional 13,887 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.