Fmr LLC Sells 12,175 Shares of Ingles Markets, Incorporated (NASDAQ:IMKTA)

Fmr LLC trimmed its position in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA) by 75.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,016 shares of the company’s stock after selling 12,175 shares during the quarter. Fmr LLC’s holdings in Ingles Markets were worth $300,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of IMKTA. AQR Capital Management LLC boosted its holdings in shares of Ingles Markets by 18.0% in the 2nd quarter. AQR Capital Management LLC now owns 55,187 shares of the company’s stock worth $3,786,000 after acquiring an additional 8,432 shares in the last quarter. Brandes Investment Partners LP increased its holdings in Ingles Markets by 111.0% during the 2nd quarter. Brandes Investment Partners LP now owns 196,753 shares of the company’s stock valued at $13,480,000 after purchasing an additional 103,507 shares in the last quarter. River Road Asset Management LLC raised its position in Ingles Markets by 7.1% in the 3rd quarter. River Road Asset Management LLC now owns 971,026 shares of the company’s stock valued at $72,439,000 after purchasing an additional 64,296 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in Ingles Markets by 33.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 43,846 shares of the company’s stock valued at $3,271,000 after purchasing an additional 10,916 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in Ingles Markets in the second quarter worth $641,000. Institutional investors and hedge funds own 62.54% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered Ingles Markets from a “buy” rating to a “hold” rating in a research note on Tuesday.

Ingles Markets Trading Down 1.1 %

IMKTA opened at $66.34 on Friday. Ingles Markets, Incorporated has a 1-year low of $59.73 and a 1-year high of $89.59. The stock has a market capitalization of $1.26 billion, a PE ratio of 7.90 and a beta of 0.74. The company has a current ratio of 2.99, a quick ratio of 1.49 and a debt-to-equity ratio of 0.34. The firm has a 50-day moving average price of $68.41 and a two-hundred day moving average price of $70.55.

Ingles Markets Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Thursday, October 10th were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date was Thursday, October 10th. Ingles Markets’s dividend payout ratio is currently 7.86%.

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.