Ingles Markets, Incorporated (NASDAQ:IMKTA) Shares Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund raised its stake in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA) by 4.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,020 shares of the company’s stock after acquiring an additional 1,500 shares during the period. New York State Common Retirement Fund owned approximately 0.18% of Ingles Markets worth $2,192,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Avidian Wealth Enterprises LLC raised its position in Ingles Markets by 2.1% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 7,443 shares of the company’s stock valued at $480,000 after purchasing an additional 150 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Ingles Markets by 4.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 4,369 shares of the company’s stock worth $282,000 after purchasing an additional 187 shares during the last quarter. Ballentine Partners LLC boosted its stake in shares of Ingles Markets by 7.5% during the 4th quarter. Ballentine Partners LLC now owns 4,523 shares of the company’s stock worth $291,000 after purchasing an additional 314 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Ingles Markets by 5.8% in the third quarter. Franklin Resources Inc. now owns 6,933 shares of the company’s stock worth $517,000 after acquiring an additional 378 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in shares of Ingles Markets by 3.1% in the third quarter. Janney Montgomery Scott LLC now owns 18,098 shares of the company’s stock worth $1,350,000 after acquiring an additional 542 shares during the last quarter. 62.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Ingles Markets from a “buy” rating to a “hold” rating in a research note on Monday, February 10th.

Ingles Markets Stock Performance

Shares of IMKTA opened at $61.44 on Friday. Ingles Markets, Incorporated has a 1 year low of $59.73 and a 1 year high of $82.01. The firm has a fifty day moving average of $64.68 and a 200-day moving average of $67.84. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.45 and a current ratio of 3.24. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 14.84 and a beta of 0.75.

Ingles Markets (NASDAQ:IMKTA) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.87 EPS for the quarter. Ingles Markets had a net margin of 1.45% and a return on equity of 5.09%.

Ingles Markets Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 9th were paid a $0.165 dividend. The ex-dividend date was Friday, January 10th. This represents a $0.66 annualized dividend and a dividend yield of 1.07%. Ingles Markets’s payout ratio is 15.94%.

Ingles Markets Company Profile

Ingles Markets, Incorporated, together with its subsidiaries, operates a chain of supermarkets in the southeast United States. It offers food products, including grocery, meat and dairy products, produce, frozen foods, and other perishables; and non-food products, which include fuel centers, pharmacies, health and beauty care products, and general merchandise, as well as private label items.