LPL Financial LLC Grows Holdings in Ingles Markets, Incorporated (NASDAQ:IMKTA)

LPL Financial LLC grew its stake in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA) by 48.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,502 shares of the company’s stock after buying an additional 3,108 shares during the quarter. LPL Financial LLC owned 0.05% of Ingles Markets worth $612,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in IMKTA. KLP Kapitalforvaltning AS purchased a new stake in Ingles Markets in the fourth quarter worth approximately $612,000. American Century Companies Inc. lifted its holdings in shares of Ingles Markets by 11.2% in the 4th quarter. American Century Companies Inc. now owns 475,894 shares of the company’s stock worth $30,667,000 after acquiring an additional 47,859 shares during the last quarter. Summit Global Investments purchased a new stake in shares of Ingles Markets in the 4th quarter valued at $385,000. Semanteon Capital Management LP bought a new position in shares of Ingles Markets during the 4th quarter valued at $904,000. Finally, Teacher Retirement System of Texas raised its position in Ingles Markets by 62.4% in the 4th quarter. Teacher Retirement System of Texas now owns 119,748 shares of the company’s stock worth $7,717,000 after purchasing an additional 46,025 shares during the period. 62.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Ingles Markets Price Performance

IMKTA opened at $64.31 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.24 and a quick ratio of 1.45. Ingles Markets, Incorporated has a 1 year low of $58.92 and a 1 year high of $82.01. The stock’s 50 day simple moving average is $63.00 and its 200 day simple moving average is $65.32. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 15.53 and a beta of 0.75.

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

Ingles Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Thursday, April 10th were paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend was Thursday, April 10th. Ingles Markets’s dividend payout ratio (DPR) is 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.