Weis Markets (NYSE:WMK) Shares Down 4.3% – Time to Sell?

Weis Markets, Inc. (NYSE:WMK)’s share price fell 4.3% during mid-day trading on Wednesday . The stock traded as low as $63.53 and last traded at $63.28. 14,936 shares changed hands during trading, a decline of 77% from the average session volume of 63,895 shares. The stock had previously closed at $66.09.

Analyst Upgrades and Downgrades

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

Weis Markets Trading Up 1.2 %

The company has a 50 day simple moving average of $69.31 and a 200 day simple moving average of $68.44. The stock has a market capitalization of $1.73 billion, a PE ratio of 18.04 and a beta of 0.52.

Weis Markets (NYSE:WMK) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.96 EPS for the quarter. The company had revenue of $1.19 billion during the quarter. Weis Markets had a net margin of 2.01% and a return on equity of 6.85%.

Weis Markets Dividend Announcement

The firm 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. This represents a $1.36 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend was Tuesday, November 12th. Weis Markets’s payout ratio is 38.20%.

Institutional Investors Weigh In On Weis Markets

Several institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC lifted its stake in shares of Weis Markets by 6,800.0% in the third quarter. International Assets Investment Management LLC now owns 414 shares of the company’s stock valued at $29,000 after purchasing an additional 408 shares during the period. Blue Trust Inc. increased its holdings in Weis Markets by 71.4% in the third quarter. Blue Trust Inc. now owns 646 shares of the company’s stock valued at $41,000 after buying an additional 269 shares in the last quarter. Prospera Private Wealth LLC acquired a new stake in shares of Weis Markets during the 3rd quarter valued at approximately $44,000. Canada Pension Plan Investment Board purchased a new stake in shares of Weis Markets during the 2nd quarter worth approximately $82,000. Finally, Inspire Advisors LLC acquired a new stake in shares of Weis Markets in the 3rd quarter worth approximately $200,000.

Weis Markets Company Profile

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.