Weis Markets (NYSE:WMK) Trading Down 4.5% - Should You Sell?

Key Points

• Weis Markets shares fell by 4.5% during trading, with a last traded price of $69.67, significantly lower than the previous close of $72.98.
• The company reported a net margin of 2.23% and earnings of $1.01 EPS for the last quarter, with total revenue of $1.21 billion.
• Weis Markets announced a quarterly dividend of $0.34 per share, reflecting an annualized dividend yield of 2.0%.

Shares of Weis Markets, Inc. (NYSE:WMK - Get Free Report) fell 4.5% during trading on Monday . The stock traded as low as $70.28 and last traded at $69.67. 32,497 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 132,272 shares. The stock had previously closed at $72.98.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a "hold (c+)" rating on shares of Weis Markets in a research note on Saturday, September 27th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of "Hold".

Weis Markets Stock Down 4.9%

The business has a 50-day simple moving average of $71.84 and a two-hundred day simple moving average of $75.62. The stock has a market capitalization of $1.72 billion, a P/E ratio of 17.27 and a beta of 0.48.

Weis Markets (NYSE:WMK - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $1.01 EPS for the quarter. Weis Markets had a net margin of 2.23% and a return on equity of 7.60%. The company had revenue of $1.21 billion for the quarter.

Weis Markets Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 11th. Stockholders of record on Monday, July 28th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Monday, July 28th. This represents a $1.36 annualized dividend and a dividend yield of 2.0%. Weis Markets's dividend payout ratio (DPR) is presently 33.83%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC raised its position in Weis Markets by 107.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 356 shares of the company's stock valued at $26,000 after purchasing an additional 184 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Weis Markets in the second quarter valued at about $55,000. Fifth Third Bancorp bought a new position in shares of Weis Markets in the first quarter valued at about $58,000. Tower Research Capital LLC TRC lifted its position in Weis Markets by 138.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,330 shares of the company's stock worth $96,000 after buying an additional 773 shares in the last quarter. Finally, Osaic Holdings Inc. grew its holdings in Weis Markets by 16.4% during the 2nd quarter. Osaic Holdings Inc. now owns 1,591 shares of the company's stock worth $115,000 after acquiring an additional 224 shares during the last quarter.

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.

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