Russell Investments Group Ltd. Grows Position in Ingles Markets, Incorporated (NASDAQ:IMKTA)

Russell Investments Group Ltd. boosted its holdings in Ingles Markets, Incorporated (NASDAQ:IMKTA – Get Rating) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,118 shares of the company’s stock after acquiring an additional 317 shares during the quarter. Russell Investments Group Ltd. owned about 0.11% of Ingles Markets worth $2,037,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of Ingles Markets by 1.3% in the third quarter. Vanguard Group Inc. now owns 1,212,017 shares of the company’s stock valued at $96,004,000 after buying an additional 15,239 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Ingles Markets by 0.3% in the third quarter. Dimensional Fund Advisors LP now owns 1,168,815 shares of the company’s stock valued at $92,583,000 after buying an additional 3,188 shares in the last quarter. River Road Asset Management LLC increased its position in shares of Ingles Markets by 1.6% in the fourth quarter. River Road Asset Management LLC now owns 771,430 shares of the company’s stock valued at $74,412,000 after buying an additional 11,936 shares in the last quarter. State Street Corp boosted its stake in shares of Ingles Markets by 5.3% during the second quarter. State Street Corp now owns 357,568 shares of the company’s stock valued at $31,019,000 after acquiring an additional 17,923 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Ingles Markets by 20.5% during the first quarter. Renaissance Technologies LLC now owns 252,858 shares of the company’s stock valued at $22,517,000 after acquiring an additional 43,074 shares during the last quarter. Hedge funds and other institutional investors own 62.82% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Ingles Markets in a research note on Thursday. They set a “strong-buy” rating on the stock.

Insider Buying and Selling at Ingles Markets

In related news, Director Sharp Laura Ingle sold 500 shares of Ingles Markets stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $92.08, for a total value of $46,040.00. Following the completion of the sale, the director now owns 3,000 shares of the company’s stock, valued at approximately $276,240. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 31.90% of the company’s stock.

Ingles Markets Price Performance

Shares of NASDAQ:IMKTA opened at $82.61 on Monday. Ingles Markets, Incorporated has a 52 week low of $78.32 and a 52 week high of $102.99. The company has a current ratio of 2.92, a quick ratio of 1.30 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $1.57 billion, a P/E ratio of 6.34 and a beta of 0.66. The firm’s 50 day moving average is $88.51 and its two-hundred day moving average is $93.11.

Ingles Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 13th. Investors of record on Thursday, April 6th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend was Wednesday, April 5th. Ingles Markets’s dividend payout ratio is 5.06%.

Ingles Markets Company Profile

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Ingles Markets, Inc engages in the operation of a supermarket chain in Georgia, North Carolina, Tennessee, Virginia, and Alabama. It offers its products through the following categories: grocery, non-foods, perishables and other. The grocery products consist of groceries, dairy, and frozen foods. The non-foods products include alcoholic beverages, tobacco, pharmacy, health, beauty, and cosmetic products.