Weis Markets, Inc. (NYSE:WMK) Announces $0.34 Quarterly Dividend

Weis Markets, Inc. (NYSE:WMK) declared a quarterly dividend on Thursday, July 17th, RTT News reports. Shareholders of record on Monday, July 28th will be given a dividend of 0.34 per share on Monday, August 11th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.74%.

Weis Markets Price Performance

WMK opened at $78.30 on Friday. The company has a 50 day simple moving average of $75.14 and a two-hundred day simple moving average of $75.02. Weis Markets has a 1-year low of $62.25 and a 1-year high of $90.23. The firm has a market cap of $2.11 billion, a P/E ratio of 19.62 and a beta of 0.46.

Weis Markets (NYSE:WMK) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.76 EPS for the quarter. The company had revenue of $1.20 billion for the quarter. Weis Markets had a net margin of 2.24% and a return on equity of 7.49%.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of Weis Markets from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 8th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of WMK. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Weis Markets by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,775 shares of the company’s stock valued at $753,000 after purchasing an additional 405 shares in the last quarter. Royal Bank of Canada increased its holdings in Weis Markets by 17.5% during the 1st quarter. Royal Bank of Canada now owns 8,120 shares of the company’s stock worth $626,000 after purchasing an additional 1,212 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in Weis Markets by 9.2% during the 1st quarter. AQR Capital Management LLC now owns 14,798 shares of the company’s stock worth $1,140,000 after purchasing an additional 1,242 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.