Weis Markets (NYSE:WMK) Sets New 52-Week High – Time to Buy?

Weis Markets, Inc. (NYSE:WMK) shares hit a new 52-week high during trading on Monday . The stock traded as high as $84.38 and last traded at $83.55, with a volume of 18985 shares traded. The stock had previously closed at $82.46.

Weis Markets Trading Down 0.1 %

The company has a market cap of $2.22 billion, a PE ratio of 23.13 and a beta of 0.67. The business has a fifty day simple moving average of $76.87 and a two-hundred day simple moving average of $71.39.

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

Weis Markets Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a dividend of $0.34 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.36 dividend on an annualized basis and a yield of 1.65%. Weis Markets’s payout ratio is 33.25%.

Institutional Inflows and Outflows

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

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.