Robert Gleeson Purchases 500 Shares of Weis Markets (NYSE:WMK) Stock

Weis Markets, Inc. (NYSE:WMK) COO Robert Gleeson acquired 500 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were bought at an average cost of $65.51 per share, for a total transaction of $32,755.00. Following the completion of the acquisition, the chief operating officer directly owned 1,000 shares of the company’s stock, valued at approximately $65,510. The trade was a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Weis Markets Price Performance

Shares of WMK stock opened at $65.09 on Wednesday. The business has a fifty day moving average of $69.04 and a 200 day moving average of $73.18. Weis Markets, Inc. has a 1 year low of $61.53 and a 1 year high of $90.23. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 16.19 and a beta of 0.45.

Weis Markets (NYSE:WMK) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.74 earnings per share for the quarter. Weis Markets had a return on equity of 7.60% and a net margin of 2.23%.The business had revenue of $1.24 billion for the quarter.

Weis Markets Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 24th. Investors of record on Monday, November 10th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 2.1%. The ex-dividend date is Monday, November 10th. Weis Markets’s dividend payout ratio is 35.79%.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Weis Markets in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of WMK. Semanteon Capital Management LP purchased a new stake in Weis Markets in the 3rd quarter worth approximately $381,000. Martin & Co. Inc. TN lifted its stake in shares of Weis Markets by 0.7% in the 3rd quarter. Martin & Co. Inc. TN now owns 28,686 shares of the company’s stock valued at $2,062,000 after purchasing an additional 204 shares during the period. GSA Capital Partners LLP lifted its stake in shares of Weis Markets by 85.2% in the 3rd quarter. GSA Capital Partners LLP now owns 18,460 shares of the company’s stock valued at $1,327,000 after purchasing an additional 8,491 shares during the period. Denali Advisors LLC boosted its holdings in Weis Markets by 6.1% during the third quarter. Denali Advisors LLC now owns 27,800 shares of the company’s stock worth $1,998,000 after buying an additional 1,588 shares in the last quarter. Finally, Oppenheimer & Co. Inc. grew its position in Weis Markets by 7.5% during the third quarter. Oppenheimer & Co. Inc. now owns 4,300 shares of the company’s stock valued at $309,000 after buying an additional 300 shares during the period.

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.