Ingles Markets, Incorporated (NASDAQ:IMKTA) Stock Position Lessened by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd decreased its holdings in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 35.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,960 shares of the company’s stock after selling 2,695 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Ingles Markets were worth $323,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. KLP Kapitalforvaltning AS acquired a new stake in shares of Ingles Markets in the fourth quarter valued at $612,000. LPL Financial LLC lifted its holdings in shares of Ingles Markets by 48.6% in the fourth quarter. LPL Financial LLC now owns 9,502 shares of the company’s stock valued at $612,000 after buying an additional 3,108 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Ingles Markets by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 1,234,699 shares of the company’s stock valued at $79,564,000 after buying an additional 7,541 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Ingles Markets by 22.3% in the fourth quarter. JPMorgan Chase & Co. now owns 66,865 shares of the company’s stock valued at $4,309,000 after buying an additional 12,213 shares during the period. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Ingles Markets in the fourth quarter valued at $30,000. Institutional investors own 62.54% of the company’s stock.

Ingles Markets Stock Performance

Shares of NASDAQ IMKTA opened at $62.55 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.46 and a current ratio of 3.19. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 19.19 and a beta of 0.71. The business’s 50-day simple moving average is $63.51 and its 200-day simple moving average is $63.42. Ingles Markets, Incorporated has a 52 week low of $58.92 and a 52 week high of $82.01.

Ingles Markets (NASDAQ:IMKTA) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.80 EPS for the quarter. Ingles Markets had a return on equity of 3.98% and a net margin of 1.14%.

Ingles Markets Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Thursday, July 10th were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $0.66 annualized dividend and a yield of 1.06%. Ingles Markets’s payout ratio is 20.25%.

Analysts Set New Price Targets

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

About Ingles Markets

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.