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

Shares of Weis Markets, Inc. (NYSE:WMK) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $69.52 and traded as low as $67.71. Weis Markets shares last traded at $68.9550, with a volume of 150,972 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Weis Markets in a research note on Thursday, October 30th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Weis Markets presently has an average rating of “Hold”.

Weis Markets Price Performance

The firm has a market capitalization of $1.71 billion, a P/E ratio of 18.15 and a beta of 0.46. The firm has a 50-day moving average price of $65.95 and a two-hundred day moving average price of $69.48.

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

Weis Markets Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Monday, November 10th were issued a $0.34 dividend. The ex-dividend date was Monday, November 10th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.0%. Weis Markets’s payout ratio is presently 35.79%.

Insider Transactions at Weis Markets

In other news, COO Robert G. Gleeson acquired 500 shares of Weis Markets stock in a transaction on Friday, November 7th. The shares were bought at an average cost of $65.51 per share, for a total transaction of $32,755.00. Following the acquisition, 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 position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 27.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Weis Markets

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