United Services Automobile Association lifted its position in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 3.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,012 shares of the company’s stock after purchasing an additional 991 shares during the period. United Services Automobile Association owned about 0.17% of Ingles Markets worth $926,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently made changes to their positions in IMKTA. Capital Investment Advisory Services LLC bought a new stake in shares of Ingles Markets in the 4th quarter valued at about $27,000. New York State Teachers Retirement System purchased a new position in shares of Ingles Markets in the 4th quarter worth approximately $33,000. Bank of Montreal Can grew its position in shares of Ingles Markets by 50.3% in the 4th quarter. Bank of Montreal Can now owns 2,162 shares of the company’s stock worth $58,000 after buying an additional 724 shares during the last quarter. Commonwealth Bank of Australia purchased a new position in shares of Ingles Markets in the 3rd quarter worth approximately $164,000. Finally, Virtu Financial LLC purchased a new position in shares of Ingles Markets in the 3rd quarter worth approximately $235,000. 63.11% of the stock is owned by hedge funds and other institutional investors.
In other Ingles Markets news, Director Sharp Laura Ingle sold 2,500 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $27.39, for a total transaction of $68,475.00. Following the completion of the transaction, the director now directly owns 25,000 shares in the company, valued at $684,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 29.50% of the company’s stock.
NASDAQ IMKTA traded down $0.13 on Friday, hitting $28.00. 51,525 shares of the company’s stock traded hands, compared to its average volume of 51,543. The company has a current ratio of 1.92, a quick ratio of 0.45 and a debt-to-equity ratio of 1.41. Ingles Markets, Incorporated has a 1-year low of $25.57 and a 1-year high of $37.65. The stock has a market cap of $567.25 million, a price-to-earnings ratio of 5.82, a PEG ratio of 1.00 and a beta of 0.64.
Ingles Markets (NASDAQ:IMKTA) last posted its earnings results on Thursday, February 7th. The company reported $1.09 earnings per share (EPS) for the quarter. Ingles Markets had a net margin of 1.80% and a return on equity of 11.64%. The firm had revenue of $1.06 billion during the quarter. Analysts forecast that Ingles Markets, Incorporated will post 3.3 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Thursday, April 11th were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend was Wednesday, April 10th. Ingles Markets’s dividend payout ratio is currently 13.72%.
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About Ingles Markets
Ingles Markets, Incorporated operates a chain of supermarkets in the southeast United States. Its supermarkets offer various food products, including grocery, meat and dairy products, produce, frozen foods, and other perishables; and non-food products, such as fuel centers, pharmacies, health and beauty care products, and general merchandise, as well as private label items.
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