Weis Markets, Inc. (NYSE:WMK – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $72.70 and last traded at $72.54, with a volume of 27848 shares traded. The stock had previously closed at $71.94.
Weis Markets Trading Up 3.0 %
The firm has a market cap of $2.00 billion, a PE ratio of 19.83 and a beta of 0.46. The stock’s 50 day moving average price is $65.15 and its 200 day moving average price is $63.61.
Weis Markets (NYSE:WMK – Get Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.86 earnings per share (EPS) for the quarter. The firm had revenue of $1.18 billion during the quarter. Weis Markets had a return on equity of 7.40% and a net margin of 2.14%.
Weis Markets Dividend Announcement
Insider Activity
In other news, Director Edward John Lauth III purchased 1,525 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were purchased at an average price of $64.98 per share, with a total value of $99,094.50. Following the purchase, the director now directly owns 1,525 shares of the company’s stock, valued at approximately $99,094.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 27.10% of the company’s stock.
Institutional Investors Weigh In On Weis Markets
Hedge funds have recently bought and sold shares of the business. Victory Capital Management Inc. grew its holdings in Weis Markets by 60.6% during the 4th quarter. Victory Capital Management Inc. now owns 121,225 shares of the company’s stock worth $7,754,000 after acquiring an additional 45,745 shares in the last quarter. Vanguard Group Inc. grew its stake in Weis Markets by 0.5% in the third quarter. Vanguard Group Inc. now owns 1,807,956 shares of the company’s stock worth $113,901,000 after purchasing an additional 9,636 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in Weis Markets by 1.5% in the fourth quarter. Allianz Asset Management GmbH now owns 57,387 shares of the company’s stock valued at $3,670,000 after buying an additional 845 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in Weis Markets by 7.7% in the fourth quarter. Russell Investments Group Ltd. now owns 15,688 shares of the company’s stock valued at $1,003,000 after buying an additional 1,118 shares during the last quarter. Finally, Significant Wealth Partners LLC acquired a new stake in Weis Markets during the fourth quarter valued at approximately $824,000.
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.
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