Teacher Retirement System of Texas Boosts Stock Position in Ingles Markets, Incorporated (NASDAQ:IMKTA)

Teacher Retirement System of Texas raised its stake in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 62.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 119,748 shares of the company’s stock after buying an additional 46,025 shares during the quarter. Teacher Retirement System of Texas’ holdings in Ingles Markets were worth $7,717,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Intech Investment Management LLC grew its stake in shares of Ingles Markets by 84.4% during the fourth quarter. Intech Investment Management LLC now owns 6,584 shares of the company’s stock worth $424,000 after acquiring an additional 3,014 shares during the last quarter. Brandes Investment Partners LP grew its stake in shares of Ingles Markets by 42.4% during the fourth quarter. Brandes Investment Partners LP now owns 533,982 shares of the company’s stock worth $34,410,000 after acquiring an additional 159,097 shares during the last quarter. Thompson Siegel & Walmsley LLC purchased a new stake in shares of Ingles Markets during the fourth quarter worth about $354,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Ingles Markets by 16.6% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 51,120 shares of the company’s stock worth $3,294,000 after acquiring an additional 7,274 shares during the last quarter. Finally, River Road Asset Management LLC grew its stake in shares of Ingles Markets by 0.6% during the fourth quarter. River Road Asset Management LLC now owns 976,424 shares of the company’s stock worth $62,921,000 after acquiring an additional 5,398 shares during the last quarter. Hedge funds and other institutional investors own 62.54% of the company’s stock.

Ingles Markets Trading Down 2.2 %

Ingles Markets stock opened at $61.60 on Friday. The company has a quick ratio of 1.45, a current ratio of 3.24 and a debt-to-equity ratio of 0.33. Ingles Markets, Incorporated has a 52 week low of $58.92 and a 52 week high of $82.01. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 14.88 and a beta of 0.71. The stock has a 50-day moving average price of $63.95 and a 200 day moving average price of $66.70.

Ingles Markets (NASDAQ:IMKTA) last released its earnings results on Thursday, February 6th. The company reported $0.87 EPS for the quarter. Ingles Markets had a return on equity of 5.09% and a net margin of 1.45%.

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 issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date was Friday, January 10th. Ingles Markets’s dividend payout ratio (DPR) is 15.94%.

Analyst Ratings Changes

Separately, StockNews.com lowered Ingles Markets from a “buy” rating to a “hold” rating in a research note on Monday, February 10th.

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.