Comerica Bank Purchases 22,883 Shares of Ingles Markets, Incorporated $IMKTA

Key Points

• Comerica Bank increased its stake in Ingles Markets by 157.5% in Q4, purchasing 22,883 shares to hold 37,415 shares valued at about $2.565 million (≈0.20% of the company).
• Other institutions also added shares—most notably Jane Street (+275.9% to 30,644 shares)—and institutional investors now own about 62.54% of IMKTA.
• IMKTA opened at $87.66 (down ~4.0%), with a 1‑year range of $59.09–$95.62; the company has a $1.66B market cap, a 17.5 PE ratio, and pays a $0.165 quarterly dividend (annualized $0.66, ~0.8% yield).

Comerica Bank boosted its position in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) by 157.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 37,415 shares of the company's stock after purchasing an additional 22,883 shares during the period. Comerica Bank owned about 0.20% of Ingles Markets worth $2,565,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in IMKTA. Royal Bank of Canada lifted its holdings in Ingles Markets by 15.4% during the 1st quarter. Royal Bank of Canada now owns 19,083 shares of the company's stock valued at $1,243,000 after purchasing an additional 2,544 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Ingles Markets by 4.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,617 shares of the company's stock valued at $561,000 after purchasing an additional 385 shares during the last quarter. Jane Street Group LLC lifted its holdings in Ingles Markets by 275.9% during the 1st quarter. Jane Street Group LLC now owns 30,644 shares of the company's stock valued at $1,996,000 after purchasing an additional 22,492 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Ingles Markets by 17.3% during the 2nd quarter. Cetera Investment Advisers now owns 4,351 shares of the company's stock valued at $276,000 after purchasing an additional 641 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in Ingles Markets by 19.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 3,155 shares of the company's stock valued at $200,000 after purchasing an additional 509 shares during the last quarter. 62.54% of the stock is owned by institutional investors.

Ingles Markets Trading Down 4.0%

Shares of NASDAQ IMKTA opened at $87.66 on Tuesday. Ingles Markets, Incorporated has a 1-year low of $59.09 and a 1-year high of $95.62. The company has a market cap of $1.66 billion, a PE ratio of 17.50 and a beta of 0.62. The company has a current ratio of 3.36, a quick ratio of 1.69 and a debt-to-equity ratio of 0.30. The company has a 50-day moving average of $88.45 and a two-hundred day moving average of $79.30.

Ingles Markets (NASDAQ:IMKTA - Get Free Report) last announced its earnings results on Thursday, February 5th. The company reported $1.48 earnings per share for the quarter. Ingles Markets had a net margin of 1.76% and a return on equity of 5.93%. The company had revenue of $1.37 billion during the quarter.

Ingles Markets Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 16th. Shareholders of record on Thursday, April 9th were paid a $0.165 dividend. The ex-dividend date of this dividend was Thursday, April 9th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.8%. Ingles Markets's payout ratio is currently 13.17%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Ingles Markets from a "buy" rating to a "strong-buy" rating in a report on Saturday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of "Hold".

Ingles Markets Company Profile

Ingles Markets, Inc NASDAQ: IMKTA is a family‐owned regional supermarket chain headquartered in Asheville, North Carolina. Since its founding in 1963 by Robert P. Ingle Sr., the company has grown to serve communities across the southeastern United States, including North Carolina, South Carolina, Georgia, Tennessee, Virginia and Alabama. Ingles Markets operates a full-service grocery platform, delivering a broad assortment of fresh produce, meat and seafood, bakery items, deli offerings and dairy products alongside pantry staples and household essentials.

In addition to traditional grocery departments, Ingles Markets provides in-store pharmacy services and fuel centers at many of its locations.

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