Barclays PLC Boosts Stock Position in Ingles Markets, Incorporated (NASDAQ:IMKTA)

Barclays PLC grew its stake in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) by 67.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 39,615 shares of the company's stock after acquiring an additional 15,926 shares during the period. Barclays PLC owned about 0.21% of Ingles Markets worth $2,553,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. Avidian Wealth Enterprises LLC grew its holdings in shares of Ingles Markets by 2.1% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 7,443 shares of the company's stock worth $480,000 after purchasing an additional 150 shares in the last quarter. Wells Fargo & Company MN grew its stake in Ingles Markets by 0.3% in the 4th quarter. Wells Fargo & Company MN now owns 61,502 shares of the company's stock worth $3,963,000 after buying an additional 184 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Ingles Markets by 4.5% in the 4th 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 increased its holdings in shares of Ingles Markets by 7.5% in the 4th quarter. Ballentine Partners LLC now owns 4,523 shares of the company's stock worth $291,000 after buying an additional 314 shares during the last quarter. Finally, Franklin Resources Inc. raised its position 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 buying an additional 378 shares in the last quarter. 62.54% of the stock is owned by hedge funds and other institutional investors.

Ingles Markets Price Performance

IMKTA traded down $1.11 during midday trading on Tuesday, hitting $62.44. The stock had a trading volume of 103,478 shares, compared to its average volume of 119,328. The company has a market cap of $1.19 billion, a P/E ratio of 15.08 and a beta of 0.73. Ingles Markets, Incorporated has a 1 year low of $58.92 and a 1 year high of $82.01. The business has a fifty day moving average of $62.63 and a 200 day moving average of $65.34. 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 released its earnings results on Thursday, February 6th. The company reported $0.87 EPS 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Thursday, April 10th were given a $0.165 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $0.66 annualized dividend and a yield of 1.06%. Ingles Markets's payout ratio is currently 15.94%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Ingles Markets from a "hold" rating to a "buy" rating in a research report on Tuesday.

About Ingles Markets

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.