3,855 Shares in Ingles Markets, Incorporated (NASDAQ:IMKTA) Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC purchased a new position in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,855 shares of the company’s stock, valued at approximately $248,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC grew its position in shares of Ingles Markets by 40.8% during the 4th quarter. Sanctuary Advisors LLC now owns 15,579 shares of the company’s stock valued at $1,044,000 after acquiring an additional 4,515 shares during the period. New York State Common Retirement Fund boosted its holdings in Ingles Markets by 4.6% in the 4th quarter. New York State Common Retirement Fund now owns 34,020 shares of the company’s stock worth $2,192,000 after buying an additional 1,500 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its holdings in Ingles Markets by 13.9% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 7,655 shares of the company’s stock worth $493,000 after buying an additional 936 shares during the last quarter. Denali Advisors LLC boosted its holdings in Ingles Markets by 3.5% in the 4th quarter. Denali Advisors LLC now owns 100,708 shares of the company’s stock worth $6,490,000 after buying an additional 3,400 shares during the last quarter. Finally, Factorial Partners LLC boosted its holdings in Ingles Markets by 22.1% in the 4th quarter. Factorial Partners LLC now owns 30,996 shares of the company’s stock worth $1,997,000 after buying an additional 5,600 shares during the last quarter. 62.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Ingles Markets Stock Up 0.0%

IMKTA stock opened at $60.55 on Monday. Ingles Markets, Incorporated has a one year low of $58.92 and a one year high of $82.01. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.45 and a current ratio of 3.24. The firm’s 50 day moving average price is $61.97 and its 200-day moving average price is $63.93. The firm has a market cap of $1.15 billion, a PE ratio of 14.63 and a beta of 0.71.

Ingles Markets (NASDAQ:IMKTA) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.80 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 business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Thursday, April 10th were given a $0.165 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $0.66 dividend on an annualized basis and a yield of 1.09%. Ingles Markets’s dividend payout ratio (DPR) is presently 20.25%.

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.