Deutsche Bank AG Has $1.23 Million Holdings in Ingles Markets, Incorporated $IMKTA

Key Points

• Deutsche Bank AG has reduced its stake in Ingles Markets, Inc. by 44.2%, selling 14,975 shares during the first quarter, and now holds approximately 0.10% of the company valued at $1.23 million.
• The stock price of Ingles Markets has fluctuated between a 12-month low of $58.92 and a high of $75.63, currently opening at $67.98.
• Ingles Markets recently declared a quarterly dividend of $0.165 per share, with a payout ratio of 22.22% and an annualized yield of 1.0%.

Deutsche Bank AG lowered its stake in Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) by 44.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,895 shares of the company's stock after selling 14,975 shares during the period. Deutsche Bank AG owned approximately 0.10% of Ingles Markets worth $1,231,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC lifted its position in shares of Ingles Markets by 6.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,087 shares of the company's stock worth $266,000 after buying an additional 232 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of Ingles Markets by 3.9% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 6,577 shares of the company's stock worth $424,000 after buying an additional 249 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Ingles Markets by 1.6% in the first quarter. Janney Montgomery Scott LLC now owns 17,729 shares of the company's stock worth $1,155,000 after buying an additional 286 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Ingles Markets by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,232 shares of the company's stock worth $530,000 after buying an additional 313 shares during the last quarter. Finally, State of Wyoming lifted its position in shares of Ingles Markets by 8.4% in the fourth quarter. State of Wyoming now owns 4,578 shares of the company's stock worth $295,000 after buying an additional 354 shares during the last quarter. Institutional investors and hedge funds own 62.54% of the company's stock.

Ingles Markets Price Performance

NASDAQ IMKTA opened at $67.98 on Friday. Ingles Markets, Incorporated has a twelve month low of $58.92 and a twelve month high of $75.63. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.53 and a current ratio of 3.14. The stock has a market capitalization of $1.29 billion, a PE ratio of 22.89 and a beta of 0.74. The stock has a 50-day simple moving average of $64.47 and a 200 day simple moving average of $63.23.

Ingles Markets (NASDAQ:IMKTA - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $1.38 earnings per share for the quarter. Ingles Markets had a return on equity of 3.60% and a net margin of 1.05%.

Ingles Markets Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Thursday, July 10th were paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.0%. The ex-dividend date was Thursday, July 10th. Ingles Markets's payout ratio is currently 22.22%.

Analyst Ratings Changes

Separately, Wall Street Zen raised Ingles Markets from a "hold" rating to a "buy" rating in a research report on Tuesday, May 6th.

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.

Want to see what other hedge funds are holding IMKTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.