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

Weis Markets, Inc. (NYSE:WMK)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $83.40 and last traded at $81.56, with a volume of 65131 shares traded. The stock had previously closed at $76.48.

Weis Markets Stock Down 0.8 %

The business’s 50-day moving average price is $75.77 and its 200 day moving average price is $70.88. The company has a market capitalization of $2.17 billion, a P/E ratio of 22.69 and a beta of 0.67.

Weis Markets (NYSE:WMK) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $1.29 EPS for the quarter. The firm had revenue of $1.23 billion during the quarter. Weis Markets had a net margin of 2.01% and a return on equity of 6.85%.

Weis Markets Dividend Announcement

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

Institutional Trading of Weis Markets

Several institutional investors and hedge funds have recently modified their holdings of WMK. Sterling Capital Management LLC increased its position in shares of Weis Markets by 826.3% in the fourth quarter. Sterling Capital Management LLC now owns 528 shares of the company’s stock worth $36,000 after purchasing an additional 471 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Weis Markets by 32.8% in the 4th quarter. Blue Trust Inc. now owns 858 shares of the company’s stock worth $59,000 after buying an additional 212 shares during the last quarter. State of Wyoming purchased a new stake in shares of Weis Markets during the 4th quarter valued at $104,000. Lee Danner & Bass Inc. bought a new stake in shares of Weis Markets during the 4th quarter worth $110,000. Finally, Flagship Harbor Advisors LLC purchased a new position in Weis Markets in the fourth quarter worth $205,000.

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.