Ingles Markets, Incorporated (NASDAQ:IMKTA) Holdings Raised by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its stake in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA – Get Rating) by 2.4% in the 4th quarter, HoldingsChannel reports. The firm owned 1,197,177 shares of the company’s stock after acquiring an additional 28,362 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.06% of Ingles Markets worth $115,480,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Ingles Markets by 1.3% during the third quarter. Vanguard Group Inc. now owns 1,212,017 shares of the company’s stock valued at $96,004,000 after purchasing an additional 15,239 shares during the last quarter. River Road Asset Management LLC raised its stake in shares of Ingles Markets by 1.6% in the 4th quarter. River Road Asset Management LLC now owns 771,430 shares of the company’s stock valued at $74,412,000 after acquiring an additional 11,936 shares in the last quarter. State Street Corp raised its stake in shares of Ingles Markets by 5.3% in the 2nd quarter. State Street Corp now owns 357,568 shares of the company’s stock valued at $31,019,000 after acquiring an additional 17,923 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Ingles Markets by 20.5% in the 1st quarter. Renaissance Technologies LLC now owns 252,858 shares of the company’s stock valued at $22,517,000 after acquiring an additional 43,074 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Ingles Markets by 0.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 238,366 shares of the company’s stock valued at $21,227,000 after acquiring an additional 2,137 shares in the last quarter. 62.82% of the stock is owned by hedge funds and other institutional investors.

Ingles Markets Price Performance

Shares of IMKTA stock opened at $82.61 on Friday. The stock’s fifty day simple moving average is $88.51 and its 200 day simple moving average is $93.09. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.92 and a quick ratio of 1.30. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 6.34 and a beta of 0.66. Ingles Markets, Incorporated has a one year low of $78.32 and a one year high of $102.99.

Ingles Markets Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 13th. Stockholders of record on Thursday, April 6th were given a dividend of $0.165 per share. The ex-dividend date was Wednesday, April 5th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.80%. Ingles Markets’s payout ratio is currently 5.06%.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Ingles Markets in a report on Thursday. They set a “strong-buy” rating on the stock.

Insider Transactions at Ingles Markets

In other news, Director Sharp Laura Ingle sold 500 shares of the business’s stock in a transaction on Wednesday, March 8th. The stock was sold at an average price of $92.89, for a total transaction of $46,445.00. Following the completion of the sale, the director now owns 2,500 shares in the company, valued at $232,225. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 31.90% of the stock is currently owned by corporate insiders.

Ingles Markets Company Profile

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Ingles Markets, Inc engages in the operation of a supermarket chain in Georgia, North Carolina, Tennessee, Virginia, and Alabama. It offers its products through the following categories: grocery, non-foods, perishables and other. The grocery products consist of groceries, dairy, and frozen foods. The non-foods products include alcoholic beverages, tobacco, pharmacy, health, beauty, and cosmetic products.