Ingles Markets, Incorporated (NASDAQ:IMKTA) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its holdings in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 11.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 453,558 shares of the company’s stock after buying an additional 48,000 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Ingles Markets were worth $29,227,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. FNY Investment Advisers LLC acquired a new stake in shares of Ingles Markets during the fourth quarter worth about $96,000. Caprock Group LLC acquired a new stake in shares of Ingles Markets during the third quarter worth about $203,000. Captrust Financial Advisors acquired a new stake in shares of Ingles Markets during the third quarter worth about $206,000. Intech Investment Management LLC acquired a new stake in shares of Ingles Markets during the third quarter worth about $266,000. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of Ingles Markets by 4.5% during the fourth 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 period. Institutional investors and hedge funds own 62.54% of the company’s stock.

Wall Street Analyst Weigh In

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

Ingles Markets Stock Up 1.6 %

Shares of IMKTA stock opened at $62.56 on Tuesday. The stock has a market cap of $1.19 billion, a P/E ratio of 15.11 and a beta of 0.71. Ingles Markets, Incorporated has a twelve month low of $58.92 and a twelve month high of $82.01. The stock has a 50 day moving average of $64.03 and a 200 day moving average of $66.97. The company has a current ratio of 3.24, a quick ratio of 1.45 and a debt-to-equity ratio of 0.33.

Ingles Markets (NASDAQ:IMKTA) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.87 EPS 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 disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 9th were paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend was Friday, January 10th. Ingles Markets’s dividend payout ratio (DPR) is currently 15.94%.

Ingles Markets 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.