Invesco Ltd. Decreases Holdings in Ingles Markets, Incorporated (NASDAQ:IMKTA)

Invesco Ltd. decreased its position in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,266 shares of the company's stock after selling 4,995 shares during the period. Invesco Ltd. owned about 0.48% of Ingles Markets worth $5,881,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of IMKTA. Vanguard Group Inc. boosted its holdings in Ingles Markets by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 1,234,699 shares of the company's stock valued at $79,564,000 after purchasing an additional 7,541 shares during the period. River Road Asset Management LLC lifted its stake in Ingles Markets by 0.6% in the fourth quarter. River Road Asset Management LLC now owns 976,424 shares of the company's stock worth $62,921,000 after acquiring an additional 5,398 shares during the last quarter. Brandes Investment Partners LP grew its holdings in Ingles Markets by 42.4% during the 4th quarter. Brandes Investment Partners LP now owns 533,982 shares of the company's stock worth $34,410,000 after acquiring an additional 159,097 shares in the last quarter. American Century Companies Inc. increased its position in shares of Ingles Markets by 11.2% in the 4th quarter. American Century Companies Inc. now owns 475,894 shares of the company's stock valued at $30,667,000 after purchasing an additional 47,859 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Ingles Markets by 11.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 453,558 shares of the company's stock valued at $29,227,000 after purchasing an additional 48,000 shares in the last quarter. 62.54% of the stock is currently owned by hedge funds and other institutional investors.

Ingles Markets Stock Down 0.0 %

NASDAQ:IMKTA traded down $0.03 during midday trading on Thursday, hitting $61.66. 15,285 shares of the company were exchanged, compared to its average volume of 118,267. The company has a fifty day simple moving average of $62.70 and a 200 day simple moving average of $65.33. The company has a market capitalization of $1.17 billion, a PE ratio of 14.87 and a beta of 0.75. Ingles Markets, Incorporated has a fifty-two week low of $58.92 and a fifty-two week high of $82.01. The company has a current ratio of 3.24, a quick ratio of 1.45 and a debt-to-equity ratio of 0.33.

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

Ingles Markets Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors 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 1.07%. Ingles Markets's dividend payout ratio (DPR) is 15.94%.

Analysts Set New Price Targets

Separately, StockNews.com raised Ingles Markets from a "hold" rating to a "buy" rating in a report on Friday, April 25th.

Ingles Markets Company 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.