Charles Schwab Investment Management Inc. Increases Position in Ingles Markets, Incorporated (NASDAQ:IMKTA)

Charles Schwab Investment Management Inc. boosted its holdings in Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) by 11.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 453,558 shares of the company's stock after buying an additional 48,000 shares during the quarter. Charles Schwab Investment Management Inc. owned 2.39% of Ingles Markets worth $29,227,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Factorial Partners LLC bought a new stake in shares of Ingles Markets in the 3rd quarter worth about $1,895,000. Barclays PLC boosted its stake in Ingles Markets by 346.2% during the third quarter. Barclays PLC now owns 23,689 shares of the company's stock worth $1,768,000 after buying an additional 18,380 shares during the period. JPMorgan Chase & Co. raised its stake in shares of 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 period. Systematic Financial Management LP lifted its holdings in shares of Ingles Markets by 8.3% in the 3rd quarter. Systematic Financial Management LP now owns 196,671 shares of the company's stock worth $14,672,000 after acquiring an additional 15,107 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Ingles Markets by 3.7% during the 3rd quarter. Geode Capital Management LLC now owns 399,190 shares of the company's stock worth $29,785,000 after purchasing an additional 14,264 shares during the period. Institutional investors own 62.54% of the company's stock.

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Ingles Markets Stock Down 2.3 %

NASDAQ IMKTA traded down $1.44 during trading on Friday, reaching $61.58. 92,865 shares of the company's stock traded hands, compared to its average volume of 107,388. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 14.87 and a beta of 0.71. The company's 50 day simple moving average is $63.97 and its two-hundred day simple moving average is $66.83. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.24 and a quick ratio of 1.45. Ingles Markets, Incorporated has a 12-month low of $58.92 and a 12-month high of $82.01.

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

Ingles Markets Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 9th were issued a $0.165 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.66 annualized dividend and a yield of 1.07%. Ingles Markets's dividend payout ratio (DPR) is presently 15.94%.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Ingles Markets from a "buy" rating to a "hold" rating in a report on Monday, February 10th.

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.