Weis Markets (NYSE:WMK) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

Shares of Weis Markets, Inc. (NYSE:WMK) crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $73.40 and traded as low as $72.16. Weis Markets shares last traded at $72.5220, with a volume of 173,953 shares.

Analyst Ratings Changes

Separately, Weiss Ratings cut Weis Markets from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, August 31st. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

Weis Markets Trading Down 0.8%

The stock’s 50 day moving average price is $72.44 and its two-hundred day moving average price is $73.45. The firm has a market capitalization of $1.80 billion, a PE ratio of 18.04 and a beta of 0.40.

Weis Markets (NYSE:WMK) last posted its earnings results on Tuesday, August 4th. The company reported $0.92 earnings per share (EPS) for the quarter. The firm had revenue of $1.28 billion for the quarter. Weis Markets had a return on equity of 7.40% and a net margin of 1.99%.

Weis Markets Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Monday, July 27th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Monday, July 27th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.9%. Weis Markets’s dividend payout ratio (DPR) is presently 33.75%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Weis Markets during the second quarter valued at approximately $95,417,000. Bank of New York Mellon Corp grew its stake in Weis Markets by 0.6% in the 1st quarter. Bank of New York Mellon Corp now owns 272,212 shares of the company’s stock worth $18,617,000 after acquiring an additional 1,700 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Weis Markets by 2,228.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 171,930 shares of the company’s stock valued at $11,758,000 after acquiring an additional 164,546 shares during the last quarter. Empowered Funds LLC raised its holdings in Weis Markets by 6.1% in the 1st quarter. Empowered Funds LLC now owns 119,507 shares of the company’s stock valued at $8,173,000 after acquiring an additional 6,840 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of Weis Markets by 69.3% during the 1st quarter. Bank of America Corp DE now owns 72,810 shares of the company’s stock worth $4,979,000 after purchasing an additional 29,806 shares during the period.

About Weis Markets

Weis Markets, Inc is a regional food retailer headquartered in Sunbury, Pennsylvania. The company operates supermarkets offering a broad selection of groceries and household products, including fresh produce, meat and seafood, dairy and frozen foods, bakery items, deli products, prepared foods, and beer and wine where permitted by law.

Many Weis Markets locations also provide additional services such as pharmacies, fuel centers, online grocery ordering, and curbside pickup or delivery.