Ingles Markets, Incorporated (NASDAQ:IMKTA) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its holdings in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,060,430 shares of the company's stock after selling 44,684 shares during the period. Dimensional Fund Advisors LP owned approximately 5.58% of Ingles Markets worth $68,334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Barclays PLC grew its holdings in shares of Ingles Markets by 346.2% during the third quarter. Barclays PLC now owns 23,689 shares of the company's stock valued at $1,768,000 after buying an additional 18,380 shares during the last quarter. Virtu Financial LLC purchased a new stake in Ingles Markets during the 3rd quarter valued at about $318,000. Franklin Resources Inc. increased its holdings in shares of Ingles Markets by 5.8% in the third quarter. Franklin Resources Inc. now owns 6,933 shares of the company's stock valued at $517,000 after purchasing an additional 378 shares during the period. DGS Capital Management LLC raised its stake in shares of Ingles Markets by 20.9% in the third quarter. DGS Capital Management LLC now owns 21,977 shares of the company's stock worth $1,640,000 after purchasing an additional 3,802 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Ingles Markets by 49.7% during the third quarter. JPMorgan Chase & Co. now owns 54,652 shares of the company's stock worth $4,077,000 after purchasing an additional 18,141 shares during the period. 62.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Ingles Markets Stock Performance

NASDAQ IMKTA traded down $0.35 on Tuesday, reaching $63.21. 9,044 shares of the company's stock traded hands, compared to its average volume of 118,708. The stock has a 50 day moving average price of $62.62 and a 200-day moving average price of $65.36. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 15.30 and a beta of 0.73. 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, Incorporated has a fifty-two week low of $58.92 and a fifty-two week high of $82.01.

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

Ingles Markets Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Thursday, April 10th were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend was Thursday, April 10th. Ingles Markets's dividend payout ratio (DPR) 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.