Somewhat Positive Media Coverage Somewhat Unlikely to Impact Weis Markets (WMK) Share Price
News stories about Weis Markets (NYSE:WMK) have trended somewhat positive this week, according to Accern Sentiment. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Weis Markets earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.9853264579871 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- Weis Markets, Inc. : WMK-US: Dividend Analysis : July 31st, 2017 (record date) : By the numbers : August 29, 2017 (finance.yahoo.com)
- Performance Food Group (PFGC) vs. Weis Markets (WMK) Head to Head Review (americanbankingnews.com)
- Continental Resources, Position Lowered by Blair William IL (newstrendstoday.com)
- Analysts Set Continental Resources, Inc. (CLR) Price Target at $49.32 (wisdomsave.com)
Shares of Weis Markets (WMK) traded up 0.11% on Wednesday, hitting $43.96. The stock had a trading volume of 44,157 shares. Weis Markets has a 12 month low of $43.72 and a 12 month high of $68.88. The stock has a market cap of $1.18 billion, a PE ratio of 14.41 and a beta of 0.70. The company has a 50 day moving average price of $46.54 and a 200-day moving average price of $54.16.
Weis Markets (NYSE:WMK) last issued its earnings results on Wednesday, August 2nd. The company reported $0.69 EPS for the quarter. Weis Markets had a net margin of 2.42% and a return on equity of 8.89%. The company had revenue of $876.57 million for the quarter.
The company also recently announced a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, July 31st were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend was Thursday, July 27th. Weis Markets’s dividend payout ratio (DPR) is presently 39.34%.
Separately, BidaskClub raised Weis Markets from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th.
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In other news, COO Kurt A. Schertle bought 1,000 shares of Weis Markets stock in a transaction on Friday, August 11th. The shares were bought at an average cost of $45.47 per share, with a total value of $45,470.00. Following the completion of the purchase, the chief operating officer now directly owns 1,000 shares of the company’s stock, valued at $45,470. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have acquired 1,650 shares of company stock worth $74,319 over the last ninety days. 26.90% of the stock is owned by insiders.
Weis Markets Company Profile
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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