Weis Markets (NYSE:WMK) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Weis Markets, Inc. (NYSE:WMK)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $71.18 and traded as low as $64.54. Weis Markets shares last traded at $65.3240, with a volume of 185,344 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Weis Markets in a report on Thursday, October 30th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Weis Markets Stock Performance

The stock’s 50-day moving average is $66.92 and its 200 day moving average is $71.18. The stock has a market capitalization of $1.62 billion, a PE ratio of 17.19 and a beta of 0.45.

Weis Markets (NYSE:WMK) last announced its earnings results on Tuesday, November 4th. The company reported $0.74 earnings per share (EPS) for the quarter. The firm had revenue of $1.24 billion during the quarter. Weis Markets had a return on equity of 7.16% and a net margin of 2.05%.

Weis Markets Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Monday, November 10th were paid a $0.34 dividend. The ex-dividend date was Monday, November 10th. This represents a $1.36 dividend on an annualized basis and a yield of 2.1%. Weis Markets’s payout ratio is currently 35.79%.

Insider Activity at Weis Markets

In other Weis Markets news, COO Robert G. Gleeson bought 500 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was acquired at an average price of $65.51 per share, for a total transaction of $32,755.00. Following the completion of the purchase, the chief operating officer owned 1,000 shares of the company’s stock, valued at approximately $65,510. This represents a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 27.00% of the company’s stock.

Institutional Trading of Weis Markets

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of Weis Markets by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 1,863,084 shares of the company’s stock valued at $143,551,000 after purchasing an additional 20,202 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Weis Markets by 9.6% during the second quarter. American Century Companies Inc. now owns 588,207 shares of the company’s stock worth $42,639,000 after purchasing an additional 51,356 shares during the period. Geode Capital Management LLC grew its position in Weis Markets by 2.4% in the 2nd quarter. Geode Capital Management LLC now owns 484,474 shares of the company’s stock valued at $35,123,000 after buying an additional 11,135 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Weis Markets by 1.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 424,476 shares of the company’s stock valued at $32,706,000 after buying an additional 4,200 shares during the period. Finally, Bank of New York Mellon Corp raised its position in Weis Markets by 2.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 274,529 shares of the company’s stock worth $19,901,000 after buying an additional 6,431 shares during the last quarter.

Weis Markets Company Profile

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.