Weis Markets (NYSE:WMK) Stock Price Down 4.3% - Should You Sell?

Shares of Weis Markets, Inc. (NYSE:WMK - Get Free Report) traded down 4.3% during trading on Wednesday . The company traded as low as $63.53 and last traded at $63.28. 14,936 shares were traded during trading, a decline of 77% from the average session volume of 63,895 shares. The stock had previously closed at $66.09.

Analysts Set New Price Targets

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

Weis Markets Stock Down 4.7 %

The company has a market capitalization of $1.69 billion, a PE ratio of 17.69 and a beta of 0.52. The company has a 50-day moving average price of $69.75 and a two-hundred day moving average price of $68.51.

Weis Markets (NYSE:WMK - Get Free Report) last released 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 disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend was Tuesday, November 12th. Weis Markets's dividend payout ratio is 38.20%.

Institutional Investors Weigh In On Weis Markets

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC boosted its stake in Weis Markets by 6,800.0% in the third quarter. International Assets Investment Management LLC now owns 414 shares of the company's stock worth $29,000 after buying an additional 408 shares in the last quarter. Prospera Private Wealth LLC bought a new position in shares of Weis Markets during the 3rd quarter valued at $44,000. Blue Trust Inc. lifted its stake in Weis Markets by 71.4% in the third quarter. Blue Trust Inc. now owns 646 shares of the company's stock worth $41,000 after purchasing an additional 269 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in Weis Markets during the second quarter valued at about $82,000. Finally, Inspire Advisors LLC bought a new position in shares of Weis Markets during the third quarter valued at about $200,000.

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.

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