Teacher Retirement System of Texas Acquires 46,025 Shares of Ingles Markets, Incorporated (NASDAQ:IMKTA)

Teacher Retirement System of Texas boosted its stake in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) by 62.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 119,748 shares of the company's stock after purchasing an additional 46,025 shares during the period. Teacher Retirement System of Texas owned about 0.63% of Ingles Markets worth $7,717,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Avidian Wealth Enterprises LLC lifted its stake in shares of Ingles Markets by 2.1% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 7,443 shares of the company's stock valued at $480,000 after purchasing an additional 150 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in shares of Ingles Markets by 4.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 4,369 shares of the company's stock worth $282,000 after buying an additional 187 shares during the last quarter. Ballentine Partners LLC boosted its stake in shares of Ingles Markets by 7.5% during the 4th quarter. Ballentine Partners LLC now owns 4,523 shares of the company's stock worth $291,000 after acquiring an additional 314 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Ingles Markets by 5.8% during the 3rd quarter. Franklin Resources Inc. now owns 6,933 shares of the company's stock valued at $517,000 after acquiring an additional 378 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Ingles Markets by 3.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 24,830 shares of the company's stock valued at $1,852,000 after acquiring an additional 712 shares in the last quarter. Hedge funds and other institutional investors own 62.54% of the company's stock.

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Wall Street Analyst Weigh In

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

Ingles Markets Stock Performance

Shares of NASDAQ:IMKTA traded up $1.57 on Thursday, hitting $64.56. 90,139 shares of the company were exchanged, compared to its average volume of 107,162. Ingles Markets, Incorporated has a one year low of $58.92 and a one year high of $82.01. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 15.59 and a beta of 0.71. The company's 50 day moving average price is $63.83 and its two-hundred day moving average price is $66.47. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.45 and a current ratio of 3.24.

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

Ingles Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 9th were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend was Friday, January 10th. Ingles Markets's payout ratio is 15.94%.

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.