Swiss National Bank Has $1.75 Million Stock Holdings in Ingles Markets, Incorporated $IMKTA

Swiss National Bank lessened its holdings in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA) by 1.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,800 shares of the company’s stock after selling 400 shares during the period. Swiss National Bank owned 0.14% of Ingles Markets worth $1,745,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in IMKTA. Vanguard Group Inc. lifted its holdings in Ingles Markets by 1.9% in the first quarter. Vanguard Group Inc. now owns 1,257,669 shares of the company’s stock valued at $81,912,000 after buying an additional 22,970 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Ingles Markets by 9.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 497,217 shares of the company’s stock valued at $32,384,000 after purchasing an additional 43,659 shares during the period. Royce & Associates LP lifted its stake in shares of Ingles Markets by 0.7% in the 1st quarter. Royce & Associates LP now owns 409,700 shares of the company’s stock valued at $26,684,000 after purchasing an additional 2,700 shares during the period. Systematic Financial Management LP boosted its position in shares of Ingles Markets by 2.5% during the 4th quarter. Systematic Financial Management LP now owns 201,529 shares of the company’s stock valued at $12,987,000 after purchasing an additional 4,858 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in 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 purchasing an additional 180,092 shares during the period. Institutional investors own 62.54% of the company’s stock.

Analyst Upgrades and Downgrades

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

IMKTA stock opened at $67.98 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.53 and a current ratio of 3.14. The business has a 50-day simple moving average of $64.47 and a two-hundred day simple moving average of $63.21. The company has a market capitalization of $1.29 billion, a P/E ratio of 22.89 and a beta of 0.74. Ingles Markets, Incorporated has a 52-week low of $58.92 and a 52-week high of $75.63.

Ingles Markets (NASDAQ:IMKTA) last announced its quarterly earnings results on Thursday, August 7th. The company reported $1.38 earnings per share (EPS) for the quarter. Ingles Markets had a return on equity of 3.60% and a net margin of 1.05%.

Ingles Markets Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Thursday, July 10th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, July 10th. Ingles Markets’s dividend payout ratio (DPR) is presently 22.22%.

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.