Weis Markets (WMK) Hits New 1-Year Low at $39.00

Weis Markets, Inc. (NYSE:WMK) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $39.00 and last traded at $39.38, with a volume of 737 shares. The stock had previously closed at $41.02.

The firm has a market capitalization of $1.03 billion, a PE ratio of 18.50 and a beta of 0.10.

Weis Markets (NYSE:WMK) last issued its earnings results on Friday, May 3rd. The company reported $0.53 earnings per share (EPS) for the quarter. Weis Markets had a net margin of 1.73% and a return on equity of 5.98%. The company had revenue of $876.72 million for the quarter.

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, May 6th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.08%. The ex-dividend date is Friday, May 3rd.

In other Weis Markets news, COO Kurt A. Schertle bought 1,000 shares of the company’s stock in a transaction on Friday, March 15th. The shares were bought at an average cost of $40.36 per share, for a total transaction of $40,360.00. Following the acquisition, the chief operating officer now directly owns 2,000 shares in the company, valued at $80,720. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 27.00% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP grew its holdings in Weis Markets by 3.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,930,504 shares of the company’s stock worth $78,784,000 after acquiring an additional 71,606 shares in the last quarter. Vanguard Group Inc lifted its position in shares of Weis Markets by 3.6% during the third quarter. Vanguard Group Inc now owns 1,432,635 shares of the company’s stock valued at $62,175,000 after buying an additional 49,195 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Weis Markets by 3.6% during the third quarter. Vanguard Group Inc. now owns 1,432,635 shares of the company’s stock valued at $62,175,000 after buying an additional 49,195 shares during the last quarter. Royce & Associates LP lifted its position in shares of Weis Markets by 7.8% during the fourth quarter. Royce & Associates LP now owns 1,375,200 shares of the company’s stock valued at $65,707,000 after buying an additional 99,700 shares during the last quarter. Finally, BlackRock Inc. lifted its position in shares of Weis Markets by 1.3% during the first quarter. BlackRock Inc. now owns 803,041 shares of the company’s stock valued at $32,771,000 after buying an additional 10,676 shares during the last quarter. Institutional investors own 38.61% of the company’s stock.

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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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