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

Weis Markets, Inc. (NYSE:WMK) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $66.09 and traded as low as $63.44. Weis Markets shares last traded at $63.82, with a volume of 103,741 shares trading hands.

Weis Markets Trading Up 2.0 %

The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 18.57 and a beta of 0.46. The company has a fifty day moving average price of $66.70 and a 200-day moving average price of $66.05.

Weis Markets (NYSE:WMK) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.98 EPS for the quarter. The business had revenue of $1.18 billion for the quarter. Weis Markets had a return on equity of 6.74% and a net margin of 1.97%.

Weis Markets Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $1.36 annualized dividend and a yield of 2.12%. Weis Markets’s dividend payout ratio is presently 39.31%.

Hedge Funds Weigh In On Weis Markets

Several institutional investors and hedge funds have recently modified their holdings of the business. Diversified Trust Co purchased a new stake in shares of Weis Markets during the first quarter worth about $217,000. BNP Paribas Financial Markets raised its holdings in shares of Weis Markets by 24.5% during the first quarter. BNP Paribas Financial Markets now owns 20,662 shares of the company’s stock valued at $1,331,000 after acquiring an additional 4,065 shares during the last quarter. Capital Investment Counsel Inc lifted its position in shares of Weis Markets by 20.1% in the first quarter. Capital Investment Counsel Inc now owns 4,182 shares of the company’s stock valued at $269,000 after acquiring an additional 700 shares in the last quarter. GSA Capital Partners LLP boosted its stake in shares of Weis Markets by 22.3% in the first quarter. GSA Capital Partners LLP now owns 51,614 shares of the company’s stock worth $3,324,000 after acquiring an additional 9,427 shares during the last quarter. Finally, Quantbot Technologies LP increased its position in shares of Weis Markets by 305.3% during the first quarter. Quantbot Technologies LP now owns 3,798 shares of the company’s stock worth $245,000 after purchasing an additional 2,861 shares in the last quarter.

About Weis Markets

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.