JPMorgan Chase & Co. Buys 18,141 Shares of Ingles Markets, Incorporated (NASDAQ:IMKTA)

JPMorgan Chase & Co. boosted its position in Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) by 49.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 54,652 shares of the company's stock after buying an additional 18,141 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.29% of Ingles Markets worth $4,077,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in shares of Ingles Markets by 413.9% during the 3rd quarter. GAMMA Investing LLC now owns 406 shares of the company's stock worth $30,000 after buying an additional 327 shares during the last quarter. CWM LLC lifted its stake in shares of Ingles Markets by 75.5% during the 3rd quarter. CWM LLC now owns 760 shares of the company's stock worth $57,000 after buying an additional 327 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Ingles Markets during the second quarter worth approximately $69,000. Caprock Group LLC acquired a new position in Ingles Markets in the 3rd quarter valued at $203,000. Finally, Captrust Financial Advisors bought a new position in Ingles Markets during the third quarter worth about $206,000. Institutional investors own 62.54% of the company's stock.

Ingles Markets Trading Down 1.9 %

Shares of Ingles Markets stock traded down $1.23 on Friday, hitting $63.07. The stock had a trading volume of 103,594 shares, compared to its average volume of 123,748. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.45 and a current ratio of 2.89. Ingles Markets, Incorporated has a twelve month low of $59.73 and a twelve month high of $86.16. The firm has a market capitalization of $1.20 billion, a P/E ratio of 11.36 and a beta of 0.76. The stock has a 50 day moving average of $68.23 and a 200 day moving average of $69.82.

Ingles Markets (NASDAQ:IMKTA - Get Free Report) last issued its quarterly earnings results on Friday, December 27th. The company reported ($0.08) earnings per share (EPS) for the quarter. Ingles Markets had a return on equity of 6.90% and a net margin of 1.87%.

Ingles Markets Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 9th were paid a $0.165 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.66 annualized dividend and a dividend yield of 1.05%. Ingles Markets's dividend payout ratio is presently 11.89%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Ingles Markets from a "hold" rating to a "buy" rating in a research note on Monday, December 30th.

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.