Chevy Chase Trust Holdings LLC Sells 4,600 Shares of Ingles Markets, Incorporated (NASDAQ:IMKTA)

Chevy Chase Trust Holdings LLC lessened its holdings in Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) by 41.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,419 shares of the company's stock after selling 4,600 shares during the period. Chevy Chase Trust Holdings LLC's holdings in Ingles Markets were worth $414,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Systematic Financial Management LP raised its position in Ingles Markets by 8.3% during the third quarter. Systematic Financial Management LP now owns 196,671 shares of the company's stock valued at $14,672,000 after purchasing an additional 15,107 shares in the last quarter. River Road Asset Management LLC raised 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 valued at $72,439,000 after purchasing an additional 64,296 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in Ingles Markets by 33.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 43,846 shares of the company's stock valued at $3,271,000 after purchasing an additional 10,916 shares in the last quarter. Victory Capital Management Inc. raised its position in Ingles Markets by 36.2% during the third quarter. Victory Capital Management Inc. now owns 47,901 shares of the company's stock valued at $3,573,000 after purchasing an additional 12,726 shares in the last quarter. Finally, Barclays PLC raised its position in Ingles Markets by 346.2% during the third quarter. Barclays PLC now owns 23,689 shares of the company's stock valued at $1,768,000 after purchasing an additional 18,380 shares in the last quarter. Hedge funds and other institutional investors own 62.54% of the company's stock.

Ingles Markets Trading Down 0.6 %

Shares of NASDAQ:IMKTA traded down $0.38 on Friday, reaching $64.03. 200,097 shares of the company traded hands, compared to its average volume of 99,929. The business's 50-day simple moving average is $65.10 and its 200 day simple moving average is $68.17. Ingles Markets, Incorporated has a 52 week low of $59.73 and a 52 week high of $82.01. The stock has a market capitalization of $1.22 billion, a P/E ratio of 15.47 and a beta of 0.75. The company has a current ratio of 3.24, a quick ratio of 1.45 and a debt-to-equity ratio of 0.33.

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

Ingles Markets Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 9th were paid a $0.165 dividend. The ex-dividend date was Friday, January 10th. This represents a $0.66 annualized dividend and a dividend yield of 1.03%. Ingles Markets's payout ratio is presently 15.94%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut 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.