Weis Markets, Inc. (NYSE:WMK) SVP Wayne S. Bailey bought 600 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was purchased at an average cost of $37.95 per share, for a total transaction of $22,770.00. Following the completion of the transaction, the senior vice president now directly owns 2,619 shares of the company’s stock, valued at approximately $99,391.05. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
NYSE:WMK traded down $0.43 on Thursday, hitting $38.17. The stock had a trading volume of 2,758 shares, compared to its average volume of 117,757. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.66 and a quick ratio of 0.65. Weis Markets, Inc. has a 52-week low of $37.62 and a 52-week high of $57.82.
Weis Markets (NYSE:WMK) last posted its quarterly earnings data on Friday, May 3rd. The company reported $0.53 earnings per share for the quarter. Weis Markets had a return on equity of 5.96% and a net margin of 1.73%. The firm had revenue of $876.72 million for the quarter.
The business also recently disclosed a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Monday, May 6th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, May 3rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.25%.
Several hedge funds have recently bought and sold shares of the company. Lindbrook Capital LLC bought a new stake in Weis Markets during the 4th quarter valued at approximately $28,000. Meeder Asset Management Inc. bought a new stake in Weis Markets during the 1st quarter valued at approximately $39,000. BNP Paribas Arbitrage SA raised its stake in Weis Markets by 591.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,331 shares of the company’s stock valued at $95,000 after purchasing an additional 1,994 shares during the period. Great West Life Assurance Co. Can raised its stake in Weis Markets by 59.1% during the 4th quarter. Great West Life Assurance Co. Can now owns 2,541 shares of the company’s stock valued at $115,000 after purchasing an additional 944 shares during the period. Finally, Legal & General Group Plc raised its stake in Weis Markets by 30.9% during the 3rd quarter. Legal & General Group Plc now owns 3,227 shares of the company’s stock valued at $140,000 after purchasing an additional 761 shares during the period. 38.61% of the stock is currently owned by hedge funds and other institutional investors.
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Weis Markets Company Profile
Weis Markets, Inc engages 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, and fuel; and general merchandise items, such as health and beauty care, and household products.
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