Swiss National Bank Has $3.18 Million Stock Position in Ingles Markets, Incorporated (NASDAQ:IMKTA)

Swiss National Bank increased its holdings in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA – Get Rating) by 2.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 33,000 shares of the company’s stock after purchasing an additional 700 shares during the period. Swiss National Bank owned approximately 0.17% of Ingles Markets worth $3,183,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Teacher Retirement System of Texas grew its stake in Ingles Markets by 169.3% in the third quarter. Teacher Retirement System of Texas now owns 83,271 shares of the company’s stock valued at $6,596,000 after acquiring an additional 52,346 shares during the period. CHICAGO TRUST Co NA bought a new position in shares of Ingles Markets in the fourth quarter valued at approximately $207,000. Main Street Financial Solutions LLC bought a new position in shares of Ingles Markets in the fourth quarter valued at approximately $388,000. Tower Research Capital LLC TRC lifted its holdings in shares of Ingles Markets by 2,042.9% in the third quarter. Tower Research Capital LLC TRC now owns 6,043 shares of the company’s stock valued at $478,000 after purchasing an additional 5,761 shares in the last quarter. Finally, Great West Life Assurance Co. Can lifted its holdings in Ingles Markets by 108.4% during the third quarter. Great West Life Assurance Co. Can now owns 2,709 shares of the company’s stock worth $214,000 after acquiring an additional 1,409 shares during the period. Institutional investors and hedge funds own 62.82% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Ingles Markets in a report on Thursday, May 18th. They set a “strong-buy” rating on the stock.

Insider Buying and Selling at Ingles Markets

In other Ingles Markets news, Director Sharp Laura Ingle sold 500 shares of the business’s stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $92.08, for a total value of $46,040.00. Following the sale, the director now directly owns 3,000 shares in the company, valued at $276,240. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 31.90% of the company’s stock.

Ingles Markets Stock Performance

Shares of Ingles Markets stock opened at $82.34 on Tuesday. The firm has a market capitalization of $1.56 billion, a P/E ratio of 6.31 and a beta of 0.66. The business’s fifty day simple moving average is $88.51 and its 200 day simple moving average is $93.11. The company has a current ratio of 2.92, a quick ratio of 1.30 and a debt-to-equity ratio of 0.40. Ingles Markets, Incorporated has a 12 month low of $78.32 and a 12 month high of $102.99.

Ingles Markets Dividend Announcement

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

About Ingles Markets

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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.