Vanguard Group Inc. Purchases 7,541 Shares of Ingles Markets, Incorporated (NASDAQ:IMKTA)

Vanguard Group Inc. boosted its stake in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) by 0.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,234,699 shares of the company's stock after buying an additional 7,541 shares during the period. Vanguard Group Inc. owned about 6.50% of Ingles Markets worth $79,564,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of IMKTA. River Road Asset Management LLC grew its position in Ingles Markets by 0.6% during the fourth quarter. River Road Asset Management LLC now owns 976,424 shares of the company's stock valued at $62,921,000 after purchasing an additional 5,398 shares in the last quarter. Brandes Investment Partners LP increased its stake in shares of Ingles Markets by 42.4% in the fourth quarter. Brandes Investment Partners LP now owns 533,982 shares of the company's stock worth $34,410,000 after acquiring an additional 159,097 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Ingles Markets by 11.2% during the fourth quarter. American Century Companies Inc. now owns 475,894 shares of the company's stock worth $30,667,000 after acquiring an additional 47,859 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Ingles Markets by 11.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 453,558 shares of the company's stock valued at $29,227,000 after purchasing an additional 48,000 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Ingles Markets by 3.7% in the third quarter. Geode Capital Management LLC now owns 399,190 shares of the company's stock valued at $29,785,000 after purchasing an additional 14,264 shares in the last quarter. 62.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Ingles Markets Stock Performance

Shares of IMKTA stock traded up $0.25 during trading on Wednesday, reaching $61.76. The company had a trading volume of 2,872 shares, compared to its average volume of 115,754. The firm's 50 day simple moving average is $63.22 and its two-hundred day simple moving average is $65.49. Ingles Markets, Incorporated has a one year low of $58.92 and a one year high of $82.01. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.24 and a quick ratio of 1.45. The company has a market capitalization of $1.17 billion, a PE ratio of 14.93 and a beta of 0.75.

Ingles Markets (NASDAQ:IMKTA - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.87 earnings per share 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 will be paid on Thursday, April 17th. Stockholders of record on Thursday, April 10th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Thursday, April 10th. Ingles Markets's dividend payout ratio is currently 15.94%.

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.