Weis Markets’ (WMK) “Hold (C+)” Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their hold (c+) rating on shares of Weis Markets (NYSE:WMK) in a report published on Wednesday morning,Weiss Ratings reports.

Weis Markets Trading Down 0.7%

Shares of Weis Markets stock opened at $67.70 on Wednesday. Weis Markets has a 12-month low of $62.25 and a 12-month high of $90.23. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 16.84 and a beta of 0.48. The company’s 50-day moving average price is $71.40 and its 200-day moving average price is $75.38.

Weis Markets (NYSE:WMK) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $1.01 earnings per share (EPS) for the quarter. Weis Markets had a net margin of 2.23% and a return on equity of 7.60%. The firm had revenue of $1.21 billion for the quarter.

Weis Markets Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 11th. Stockholders of record on Monday, July 28th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Monday, July 28th. Weis Markets’s dividend payout ratio is presently 33.83%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC increased its position in shares of Weis Markets by 107.0% in the second quarter. EverSource Wealth Advisors LLC now owns 356 shares of the company’s stock worth $26,000 after purchasing an additional 184 shares during the last quarter. Fifth Third Bancorp bought a new position in shares of Weis Markets in the first quarter worth approximately $58,000. Raymond James Financial Inc. bought a new position in shares of Weis Markets in the second quarter worth approximately $55,000. Tower Research Capital LLC TRC increased its position in shares of Weis Markets by 138.8% in the second quarter. Tower Research Capital LLC TRC now owns 1,330 shares of the company’s stock worth $96,000 after purchasing an additional 773 shares during the last quarter. Finally, Osaic Holdings Inc. increased its position in shares of Weis Markets by 16.4% in the second quarter. Osaic Holdings Inc. now owns 1,591 shares of the company’s stock worth $115,000 after purchasing an additional 224 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.