Weis Markets, Inc. (NYSE:WMK – Get Free Report)’s stock price traded down 4.3% on Wednesday . The stock traded as low as $63.53 and last traded at $63.28. 14,936 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 63,895 shares. The stock had previously closed at $66.09.
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of Weis Markets from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 7th.
Read Our Latest Analysis on Weis Markets
Weis Markets Stock Performance
Weis Markets (NYSE:WMK – Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.96 earnings per share for the quarter. The company had revenue of $1.19 billion for the quarter. Weis Markets had a return on equity of 6.85% and a net margin of 2.01%.
Weis Markets Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend was Tuesday, November 12th. Weis Markets’s payout ratio is currently 38.20%.
Hedge Funds Weigh In On Weis Markets
A number of hedge funds have recently bought and sold shares of WMK. Barclays PLC lifted its position in Weis Markets by 354.5% in the 3rd quarter. Barclays PLC now owns 27,459 shares of the company’s stock valued at $1,893,000 after acquiring an additional 21,418 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Weis Markets by 3.9% during the third quarter. Geode Capital Management LLC now owns 434,964 shares of the company’s stock valued at $29,987,000 after buying an additional 16,463 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Weis Markets by 3.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 402,797 shares of the company’s stock worth $27,765,000 after buying an additional 13,946 shares during the last quarter. AQR Capital Management LLC bought a new position in Weis Markets during the 2nd quarter valued at about $813,000. Finally, Victory Capital Management Inc. boosted its holdings in shares of Weis Markets by 79.8% during the 3rd quarter. Victory Capital Management Inc. now owns 20,261 shares of the company’s stock valued at $1,397,000 after acquiring an additional 8,990 shares during the last quarter.
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.
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