Weis Markets, Inc. (NYSE:WMK) insider Jonathan H. Weis bought 10,000 shares of Weis Markets stock in a transaction that occurred on Friday, November 10th. The stock was bought at an average price of $34.79 per share, for a total transaction of $347,900.00. Following the completion of the acquisition, the insider now directly owns 1,228,766 shares of the company’s stock, valued at $42,748,769.14. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of Weis Markets, Inc. (NYSE:WMK) traded down $0.57 during mid-day trading on Tuesday, reaching $34.20. The company had a trading volume of 115,600 shares, compared to its average volume of 92,732. Weis Markets, Inc. has a 1-year low of $31.26 and a 1-year high of $68.88. The company has a market capitalization of $935.24, a PE ratio of 12.37 and a beta of 0.68. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.91 and a quick ratio of 0.80.
Weis Markets (NYSE:WMK) last announced its earnings results on Friday, November 3rd. The company reported $0.16 EPS for the quarter. Weis Markets had a return on equity of 8.13% and a net margin of 2.16%. The business had revenue of $854.26 million for the quarter.
The business also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Monday, November 6th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.51%. The ex-dividend date is Friday, November 3rd. Weis Markets’s payout ratio is presently 42.70%.
Institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. boosted its holdings in shares of Weis Markets by 8.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 2,980 shares of the company’s stock worth $145,000 after buying an additional 240 shares in the last quarter. Airain ltd bought a new position in shares of Weis Markets during the 2nd quarter worth approximately $248,000. Citadel Advisors LLC acquired a new position in shares of Weis Markets during the second quarter worth approximately $256,000. Trexquant Investment LP acquired a new position in shares of Weis Markets during the third quarter worth approximately $269,000. Finally, Yorktown Management & Research Co Inc acquired a new position in shares of Weis Markets during the third quarter worth approximately $272,000. Hedge funds and other institutional investors own 31.48% of the company’s stock.
Separately, BidaskClub cut Weis Markets from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 19th.
About Weis Markets
Weis Markets, Inc is engaged principally in the retail sale of food 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, fuel and general merchandise items, such as health and beauty care and household products.
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