Weis Markets (NYSE:WMK) Stock Passes Below 200-Day Moving Average – What’s Next?

Shares of Weis Markets, Inc. (NYSE:WMK) crossed below its 200-day moving average during trading on Monday . The stock has a 200-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.

Analyst Upgrades and Downgrades

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

Weis Markets Price Performance

The stock has a market capitalization of $1.80 billion, a PE ratio of 18.83 and a beta of 0.52. The firm has a fifty day moving average price of $70.51 and a two-hundred day moving average price of $68.36.

Weis Markets Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were paid a $0.34 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $1.36 dividend on an annualized basis and a yield of 2.03%. Weis Markets’s payout ratio is 38.20%.

Institutional Trading of Weis Markets

Large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its holdings in Weis Markets by 0.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,143,192 shares of the company’s stock valued at $134,528,000 after buying an additional 7,856 shares in the last quarter. Geode Capital Management LLC increased its position in shares of 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 acquiring an additional 16,463 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Weis Markets by 3.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 402,797 shares of the company’s stock valued at $27,765,000 after acquiring an additional 13,946 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Weis Markets by 29.1% in the second quarter. American Century Companies Inc. now owns 334,324 shares of the company’s stock valued at $20,986,000 after purchasing an additional 75,395 shares during the period. Finally, Squarepoint Ops LLC grew its stake in Weis Markets by 23.8% in the second quarter. Squarepoint Ops LLC now owns 34,326 shares of the company’s stock worth $2,155,000 after purchasing an additional 6,598 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.