UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 2,494 Shares of Ingles Markets, Incorporated (NASDAQ:IMKTA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 10.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,336 shares of the company’s stock after selling 2,494 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.12% of Ingles Markets worth $1,439,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in IMKTA. Janus Henderson Group PLC increased its position in shares of Ingles Markets by 1,228.1% during the fourth quarter. Janus Henderson Group PLC now owns 194,756 shares of the company’s stock worth $12,550,000 after acquiring an additional 180,092 shares in the last quarter. Brandes Investment Partners LP boosted its stake in Ingles Markets by 42.4% in the 4th quarter. Brandes Investment Partners LP now owns 533,982 shares of the company’s stock worth $34,410,000 after purchasing an additional 159,097 shares during the period. Raymond James Financial Inc. bought a new position in Ingles Markets during the 4th quarter worth about $3,559,000. Charles Schwab Investment Management Inc. raised its stake in shares of Ingles Markets by 11.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 453,558 shares of the company’s stock valued at $29,227,000 after purchasing an additional 48,000 shares during the period. Finally, American Century Companies Inc. lifted its holdings in shares of Ingles Markets by 11.2% in the fourth quarter. American Century Companies Inc. now owns 475,894 shares of the company’s stock valued at $30,667,000 after purchasing an additional 47,859 shares in the last quarter. 62.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Ingles Markets from a “hold” rating to a “buy” rating in a research note on Tuesday, May 6th.

Ingles Markets Price Performance

Shares of NASDAQ:IMKTA opened at $60.97 on Monday. The firm has a 50 day moving average of $62.20 and a 200-day moving average of $64.38. Ingles Markets, Incorporated has a 12 month low of $58.92 and a 12 month high of $82.01. The company has a current ratio of 3.24, a quick ratio of 1.45 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $1.16 billion, a PE ratio of 14.73 and a beta of 0.71.

Ingles Markets (NASDAQ:IMKTA) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.80 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Thursday, April 10th were issued a $0.165 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $0.66 annualized dividend and a yield of 1.08%. Ingles Markets’s payout ratio is 20.25%.

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.