Weis Markets (NYSE:WMK) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Weis Markets, Inc. (NYSE:WMK)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $69.78 and traded as low as $63.61. Weis Markets shares last traded at $65.5490, with a volume of 122,954 shares trading hands.

Analyst Upgrades and Downgrades

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

Weis Markets Trading Down 0.5%

The firm’s 50-day moving average price is $65.64 and its 200 day moving average price is $69.67. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 17.17 and a beta of 0.46.

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

Weis Markets Dividend Announcement

The company 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. This represents a $1.36 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Monday, November 10th. Weis Markets’s dividend payout ratio (DPR) is 35.79%.

Insider Activity at Weis Markets

In other news, COO Robert G. Gleeson bought 500 shares of the stock in a transaction dated Friday, November 7th. The shares were bought at an average cost of $65.51 per share, with a total value of $32,755.00. Following the completion of the transaction, the chief operating officer directly owned 1,000 shares of the company’s stock, valued at $65,510. This trade represents a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 27.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Weis Markets

Institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC boosted its holdings in Weis Markets by 107.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 356 shares of the company’s stock worth $26,000 after acquiring an additional 184 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Weis Markets in the second quarter valued at about $55,000. State of Alaska Department of Revenue bought a new position in shares of Weis Markets during the third quarter valued at about $74,000. Tower Research Capital LLC TRC boosted its holdings in Weis Markets by 138.8% during the second quarter. Tower Research Capital LLC TRC now owns 1,330 shares of the company’s stock worth $96,000 after purchasing an additional 773 shares during the last quarter. Finally, Osaic Holdings Inc. grew its position in Weis Markets by 16.4% in the 2nd quarter. Osaic Holdings Inc. now owns 1,591 shares of the company’s stock worth $115,000 after purchasing an additional 224 shares in the last quarter.

Weis Markets Company Profile

Weis Markets, Inc (NYSE: WMK) is a regional supermarket chain headquartered in Sunbury, Pennsylvania, operating more than 200 stores across the Mid-Atlantic and Eastern Seaboard. Founded in 1912 by Harry and Sigmund Weis as a small produce and egg business, the company has grown into a full-service grocer serving Pennsylvania, Maryland, New York, New Jersey, Delaware, Virginia, West Virginia and Ohio. Weis Markets offers a broad selection of products including fresh produce, bakery, deli, dairy, meat and seafood, alongside grocery, general merchandise and prepared foods.

In addition to traditional grocery offerings, Weis Markets provides pharmacy services in many of its locations, as well as in-store fuel centers at select sites.