Ingles Markets, Incorporated (NASDAQ:IMKTA) Shares Acquired by Empowered Funds LLC

Empowered Funds LLC increased its holdings in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA) by 13.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 104,366 shares of the company’s stock after acquiring an additional 12,084 shares during the quarter. Empowered Funds LLC’s holdings in Ingles Markets were worth $6,725,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of IMKTA. River Road Asset Management LLC increased its position in Ingles Markets by 7.1% during the third quarter. River Road Asset Management LLC now owns 971,026 shares of the company’s stock worth $72,439,000 after purchasing an additional 64,296 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Ingles Markets by 8.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 405,558 shares of the company’s stock worth $30,255,000 after buying an additional 31,027 shares during the last quarter. Factorial Partners LLC acquired a new stake in shares of Ingles Markets during the 3rd quarter worth approximately $1,895,000. Barclays PLC raised its position in shares of Ingles Markets by 346.2% during the 3rd quarter. Barclays PLC now owns 23,689 shares of the company’s stock valued at $1,768,000 after buying an additional 18,380 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in Ingles Markets by 49.7% in the third quarter. JPMorgan Chase & Co. now owns 54,652 shares of the company’s stock valued at $4,077,000 after acquiring an additional 18,141 shares during the last quarter. Hedge funds and other institutional investors own 62.54% of the company’s stock.

Ingles Markets Trading Up 0.0 %

NASDAQ IMKTA opened at $64.48 on Tuesday. Ingles Markets, Incorporated has a 12 month low of $59.73 and a 12 month high of $82.01. The stock has a market capitalization of $1.22 billion, a P/E ratio of 15.57 and a beta of 0.75. The firm’s 50-day moving average is $66.33 and its two-hundred day moving average is $69.06. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.89 and a quick ratio of 1.45.

Ingles Markets (NASDAQ:IMKTA) last posted its earnings results on Thursday, February 6th. The company reported $0.87 earnings per share for the quarter. Ingles Markets had a net margin of 1.45% and a return on equity of 5.11%.

Ingles Markets Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 9th were paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend was Friday, January 10th. Ingles Markets’s payout ratio is 15.94%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Ingles Markets from a “buy” rating to a “hold” rating in a research report on Monday.

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.