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

Weis Markets, Inc. (NYSE:WMK) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $68.30 and traded as low as $65.51. Weis Markets shares last traded at $66.31, with a volume of 91,904 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Weis Markets from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 7th.

Weis Markets Trading Up 0.4 %

The business has a 50 day moving average price of $70.48 and a 200-day moving average price of $68.30. The firm has a market capitalization of $1.78 billion, a PE ratio of 18.63 and a beta of 0.52.

Weis Markets Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were given a dividend of $0.34 per share. The ex-dividend date was Tuesday, November 12th. This represents a $1.36 annualized dividend and a dividend yield of 2.05%. Weis Markets’s payout ratio is currently 38.20%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. American Century Companies Inc. boosted its stake in shares of Weis Markets by 29.1% during the 2nd quarter. American Century Companies Inc. now owns 334,324 shares of the company’s stock worth $20,986,000 after acquiring an additional 75,395 shares in the last quarter. Barclays PLC raised its holdings in Weis Markets by 354.5% during the third quarter. Barclays PLC now owns 27,459 shares of the company’s stock worth $1,893,000 after purchasing an additional 21,418 shares during the last quarter. Geode Capital Management LLC boosted its position in Weis Markets by 3.9% during the third quarter. Geode Capital Management LLC now owns 434,964 shares of the company’s stock worth $29,987,000 after purchasing an additional 16,463 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Weis Markets by 3.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 402,797 shares of the company’s stock valued at $27,765,000 after purchasing an additional 13,946 shares during the last quarter. Finally, AQR Capital Management LLC acquired a new stake in Weis Markets in the second quarter valued at $813,000.

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.