US Bancorp DE Decreases Stock Position in Ingles Markets, Incorporated (NASDAQ:IMKTA)

US Bancorp DE lessened its position in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 6.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,412 shares of the company’s stock after selling 174 shares during the quarter. US Bancorp DE’s holdings in Ingles Markets were worth $155,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Denali Advisors LLC lifted its position in shares of Ingles Markets by 3.5% in the fourth quarter. Denali Advisors LLC now owns 100,708 shares of the company’s stock valued at $6,490,000 after acquiring an additional 3,400 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its position in Ingles Markets by 13.9% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 7,655 shares of the company’s stock worth $493,000 after buying an additional 936 shares in the last quarter. New York State Common Retirement Fund lifted its position in Ingles Markets by 4.6% during the fourth quarter. New York State Common Retirement Fund now owns 34,020 shares of the company’s stock worth $2,192,000 after buying an additional 1,500 shares in the last quarter. Sanctuary Advisors LLC lifted its position in Ingles Markets by 40.8% during the fourth quarter. Sanctuary Advisors LLC now owns 15,579 shares of the company’s stock worth $1,044,000 after buying an additional 4,515 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC lifted its position in Ingles Markets by 2.1% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 7,443 shares of the company’s stock worth $480,000 after buying an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 62.54% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Ingles Markets from a “buy” rating to a “hold” rating in a research report on Monday, February 10th.

Ingles Markets Trading Down 0.3 %

Shares of NASDAQ IMKTA opened at $61.59 on Friday. Ingles Markets, Incorporated has a twelve month low of $58.92 and a twelve month high of $82.01. The company has a current ratio of 3.24, a quick ratio of 1.45 and a debt-to-equity ratio of 0.33. The stock has a fifty day simple moving average of $64.04 and a 200-day simple moving average of $67.09. The stock has a market capitalization of $1.17 billion, a PE ratio of 14.88 and a beta of 0.71.

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

Ingles Markets Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 9th were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.66 annualized dividend and a 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.