Ingles Markets, Incorporated $IMKTA Shares Sold by Raymond James Financial Inc.

Raymond James Financial Inc. reduced its stake in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 1.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,534 shares of the company’s stock after selling 701 shares during the period. Raymond James Financial Inc. owned 0.29% of Ingles Markets worth $3,552,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Ingles Markets by 6.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,087 shares of the company’s stock valued at $266,000 after buying an additional 232 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in shares of Ingles Markets by 3.9% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 6,577 shares of the company’s stock valued at $424,000 after buying an additional 249 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Ingles Markets by 1.6% in the first quarter. Janney Montgomery Scott LLC now owns 17,729 shares of the company’s stock valued at $1,155,000 after buying an additional 286 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Ingles Markets by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,232 shares of the company’s stock worth $530,000 after purchasing an additional 313 shares in the last quarter. Finally, State of Wyoming grew its position in Ingles Markets by 8.4% during the 4th quarter. State of Wyoming now owns 4,578 shares of the company’s stock worth $295,000 after purchasing an additional 354 shares in the last quarter. Institutional investors own 62.54% of the company’s stock.

Ingles Markets Price Performance

Shares of IMKTA opened at $70.59 on Friday. The firm has a market cap of $1.34 billion, a PE ratio of 23.77 and a beta of 0.77. Ingles Markets, Incorporated has a twelve month low of $58.92 and a twelve month high of $75.63. The firm’s 50 day moving average price is $65.75 and its 200 day moving average price is $63.48. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.53 and a current ratio of 3.14.

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

Ingles Markets Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Thursday, July 10th were issued 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 dividend yield of 0.9%. 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.