Weis Markets (NYSE:WMK) Share Price Passes Above Fifty Day Moving Average – What’s Next?

Weis Markets, Inc. (NYSE:WMK)’s stock price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $66.34 and traded as high as $69.32. Weis Markets shares last traded at $69.0310, with a volume of 89,615 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Weis Markets in a report on Thursday, October 30th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Weis Markets Trading Up 0.4%

The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 18.17 and a beta of 0.46. The stock’s fifty day moving average price is $66.34 and its two-hundred day moving average price is $69.17.

Weis Markets (NYSE:WMK) last issued its earnings results on Tuesday, November 4th. The company reported $0.74 EPS for the quarter. Weis Markets had a net margin of 2.05% and a return on equity of 7.16%. The firm had revenue of $1.24 billion during the quarter.

Weis Markets Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Monday, November 10th were issued a $0.34 dividend. The ex-dividend date was Monday, November 10th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.0%. Weis Markets’s dividend payout ratio is presently 35.79%.

Insider Buying and Selling at Weis Markets

In other Weis Markets news, COO Robert G. Gleeson bought 500 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The stock was purchased at an average price of $65.51 per share, for a total transaction of $32,755.00. Following the completion of the purchase, the chief operating officer directly owned 1,000 shares in the company, valued at $65,510. This trade represents a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 27.00% of the company’s stock.

Institutional Trading of Weis Markets

Several institutional investors have recently modified their holdings of WMK. AlphaQuest LLC grew its position in shares of Weis Markets by 5.2% in the 2nd quarter. AlphaQuest LLC now owns 2,938 shares of the company’s stock valued at $213,000 after buying an additional 144 shares during the last quarter. SummerHaven Investment Management LLC boosted its stake in Weis Markets by 1.3% in the second quarter. SummerHaven Investment Management LLC now owns 12,560 shares of the company’s stock valued at $910,000 after acquiring an additional 167 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Weis Markets by 107.0% during the second quarter. EverSource Wealth Advisors LLC now owns 356 shares of the company’s stock worth $26,000 after purchasing an additional 184 shares during the last quarter. Martin & Co. Inc. TN grew its holdings in shares of Weis Markets by 0.7% during the third quarter. Martin & Co. Inc. TN now owns 28,686 shares of the company’s stock worth $2,062,000 after purchasing an additional 204 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its position in shares of Weis Markets by 2.9% during the second quarter. Teacher Retirement System of Texas now owns 7,672 shares of the company’s stock worth $556,000 after purchasing an additional 219 shares in the last quarter.

Weis Markets Company Profile

Weis Markets, Inc (NYSE: WMK) is a regional supermarket chain headquartered in Sunbury, Pennsylvania, operating more than 200 stores across the Mid-Atlantic and Eastern Seaboard. Founded in 1912 by Harry and Sigmund Weis as a small produce and egg business, the company has grown into a full-service grocer serving Pennsylvania, Maryland, New York, New Jersey, Delaware, Virginia, West Virginia and Ohio. Weis Markets offers a broad selection of products including fresh produce, bakery, deli, dairy, meat and seafood, alongside grocery, general merchandise and prepared foods.

In addition to traditional grocery offerings, Weis Markets provides pharmacy services in many of its locations, as well as in-store fuel centers at select sites.