Ingles Markets, Incorporated (NASDAQ:IMKTA) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its position in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) by 8.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 405,558 shares of the company's stock after buying an additional 31,027 shares during the period. Charles Schwab Investment Management Inc. owned 2.14% of Ingles Markets worth $30,255,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of IMKTA. Price T Rowe Associates Inc. MD raised its stake in Ingles Markets by 13.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,933 shares of the company's stock worth $609,000 after purchasing an additional 912 shares during the period. CWM LLC raised its stake in Ingles Markets by 240.9% during the second quarter. CWM LLC now owns 433 shares of the company's stock worth $30,000 after purchasing an additional 306 shares during the period. Linden Thomas Advisory Services LLC raised its stake in Ingles Markets by 10.0% during the second quarter. Linden Thomas Advisory Services LLC now owns 6,087 shares of the company's stock worth $418,000 after purchasing an additional 554 shares during the period. Diversified Trust Co raised its stake in Ingles Markets by 67.6% during the second quarter. Diversified Trust Co now owns 8,883 shares of the company's stock worth $609,000 after purchasing an additional 3,582 shares during the period. Finally, Summit Global Investments raised its stake in Ingles Markets by 4.2% during the second quarter. Summit Global Investments now owns 12,177 shares of the company's stock worth $835,000 after purchasing an additional 495 shares during the period. Hedge funds and other institutional investors own 62.54% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Ingles Markets from a "strong-buy" rating to a "buy" rating in a research note on Saturday, September 21st.

Ingles Markets Trading Down 1.5 %

Shares of IMKTA stock traded down $1.11 during mid-day trading on Thursday, reaching $70.99. The company's stock had a trading volume of 122,185 shares, compared to its average volume of 101,837. The company's 50 day simple moving average is $67.64 and its 200-day simple moving average is $70.85. Ingles Markets, Incorporated has a 12-month low of $59.73 and a 12-month high of $89.59. The company has a quick ratio of 1.49, a current ratio of 2.99 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $1.35 billion, a PE ratio of 8.58 and a beta of 0.74.

Ingles Markets Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Thursday, October 10th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend was Thursday, October 10th. Ingles Markets's dividend payout ratio is presently 7.86%.

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.