Weis Markets, Inc. (NYSE:WMK) was down 5.2% during mid-day trading on Wednesday . The stock traded as low as $41.02 and last traded at $43.71. Approximately 530,592 shares changed hands during trading, an increase of 396% from the average daily volume of 106,998 shares. The stock had previously closed at $46.10.
The stock has a market capitalization of $1.25 billion, a PE ratio of 23.41 and a beta of 0.47.
Weis Markets (NYSE:WMK) last released its quarterly earnings data on Friday, August 3rd. The company reported $0.71 earnings per share (EPS) for the quarter. The business had revenue of $871.10 million during the quarter. Weis Markets had a net margin of 2.97% and a return on equity of 5.49%.
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 13th. Stockholders of record on Monday, July 30th were given a dividend of $0.30 per share. The ex-dividend date was Friday, July 27th. This represents a $1.20 annualized dividend and a dividend yield of 2.75%.
Institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE lifted its position in shares of Weis Markets by 57.8% during the 1st quarter. US Bancorp DE now owns 52,010 shares of the company’s stock worth $2,131,000 after purchasing an additional 19,059 shares during the last quarter. Abacus Planning Group Inc. purchased a new stake in shares of Weis Markets during the 2nd quarter worth $222,000. GSA Capital Partners LLP lifted its position in shares of Weis Markets by 26.2% during the 1st quarter. GSA Capital Partners LLP now owns 43,426 shares of the company’s stock worth $1,780,000 after purchasing an additional 9,022 shares during the last quarter. Millennium Management LLC purchased a new stake in Weis Markets in the fourth quarter valued at $848,000. Finally, Lesa Sroufe & Co purchased a new stake in Weis Markets in the second quarter valued at $4,469,000. 35.15% of the stock is owned by institutional investors and hedge funds.
About Weis Markets (NYSE:WMK)
Weis Markets, Inc engages in the retail sale of food 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.
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