Weis Markets, Inc. (NYSE:WMK) Declares Dividend Increase – $0.34 Per Share

Weis Markets, Inc. (NYSE:WMK – Get Rating ) announced a quarterly dividend on Thursday, October 27th, investing.com reports. Investors of record on Monday, November 7th will be given a dividend of 0.34 per share on Monday, November 21st. Paid $1.36 in dividends per share last time and the annual dividend yields 1.44%. The ex-dividend date is Friday, November 4th. This is an increase from Weis Markets’ previous quarterly dividend of $0.31.

Weis Markets has increased its dividend by an average of 1.1% annually over the last three years and has increased its dividend every year for the last 1 year.

Wise markets price performance

NYSE:WMK opened at $94.45 on Friday. The company has a market cap of $2.54 billion, a price-to-earnings ratio of 21.37 and a beta of 0.19. Wise Markets has a 1 year low of $55.36 and a 1 year high of $94.70. The stock’s 50-day simple moving average is $79.46 and its two-hundred-day simple moving average is $78.43.

Weis Markets (NYSE:WMK – Get Rating ) last announced its quarterly earnings results on Monday, August 1st. The company reported $1.35 earnings per share for the quarter. The company had revenue of $1.14 billion for the quarter. Weiss Markets has a net margin of 2.69% and a return on equity of 9.64%.

Also Read :  Cloud Computing Market 2022 to 2032: Global Size, Share, Emerging Trends, Demand, Revenue and Forecasts Research | AWS, Microsoft, Google, Alibaba, SAP, IBM, Oracle, VMware, Rackspace, Salesforce.

Wall Street analysts weigh in

Separately, StockNews.com downgraded shares of White Markets from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 20th.

Institutional trading of white markets

A number of institutional investors have recently bought and sold shares of the stock. Point72 Hong Kong Ltd. purchased a new stake in Weiss Markets in the 1st quarter worth about $44,000. Captrust Financial Advisors lifted its holdings in shares of Weis Markets by 78.0% in the first quarter. Captrust Financial Advisors now owns 696 shares of the company’s stock worth $50,000 after buying an additional 305 shares during the period. Bancorp DE lifted its stake in shares of Weis Markets by 15.2% during the 1st quarter. US Bancorp DE now owns 2,163 shares of the company’s stock worth $154,000 after acquiring an additional 286 shares during the last quarter. Quantbot Technologies LP boosted its holdings in Weiss Markets by 45.9% during the 1st quarter. Quantbot Technologies LP now owns 2,748 shares of the company’s stock valued at $196,000 after acquiring an additional 865 shares during the period. Finally, Hsbc Holdings PLC bought a new position in Weiss Markets in the 1st quarter valued at $220,000. 38.28% of the stock is currently owned by institutional investors.

Also Read :  Republican Wave Promises Shift In America’s Energy Policy

Weis Markets company profile

(get rating)

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, meat, 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.

Also Read :  Should you invest in unlisted equities during a bull run

Further reading

Dividend History for Weis Markets (NYSE:WMK)

This instant news alert is generated using narrative science technology and financial data from MarketBeat to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team before publication. Please send any questions or comments about this story to [email protected]

Before you consider white markets, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best-performing research analysts and the stocks they recommend to their clients on a daily basis. Marketbeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches up… and Weiss Markets wasn’t on the list.

While Weis Markets currently has a “N/A” rating among analysts, top-rated analysts believe these five stocks are better buys.

Check out the five stocks here

Source

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Back to top button