Ingles Markets, Incorporated (NASDAQ:IMKTA) Stock Holdings Decreased by Teacher Retirement System of Texas

Teacher Retirement System of Texas cut its stake in Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) by 43.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,487 shares of the company's stock after selling 20,318 shares during the period. Teacher Retirement System of Texas owned 0.14% of Ingles Markets worth $2,288,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of IMKTA. Brandes Investment Partners LP lifted its holdings in shares of Ingles Markets by 146.2% during the third quarter. Brandes Investment Partners LP now owns 62,018 shares of the company's stock worth $4,672,000 after purchasing an additional 36,833 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Ingles Markets by 8.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 311,124 shares of the company's stock valued at $26,872,000 after acquiring an additional 23,854 shares during the period. American Century Companies Inc. boosted its holdings in shares of Ingles Markets by 9.5% in the 3rd quarter. American Century Companies Inc. now owns 257,857 shares of the company's stock valued at $19,424,000 after acquiring an additional 22,400 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Ingles Markets in the third quarter worth $1,382,000. Finally, Trexquant Investment LP purchased a new position in shares of Ingles Markets during the third quarter worth $1,357,000. 62.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Sharp Laura Ingle sold 4,000 shares of the business's stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $76.25, for a total value of $305,000.00. Following the completion of the sale, the director now directly owns 20,700 shares in the company, valued at $1,578,375. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 8,000 shares of company stock worth $607,000 in the last ninety days. Company insiders own 23.10% of the company's stock.

Ingles Markets Stock Performance

NASDAQ IMKTA traded down $1.38 during mid-day trading on Friday, reaching $75.92. 60,689 shares of the stock were exchanged, compared to its average volume of 82,238. The company has a market capitalization of $1.44 billion, a P/E ratio of 8.19 and a beta of 0.62. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.53 and a current ratio of 3.20. The business's 50 day moving average is $74.18 and its 200-day moving average is $79.35. Ingles Markets, Incorporated has a 1 year low of $69.62 and a 1 year high of $89.59.

Ingles Markets Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Thursday, April 11th were paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.87%. The ex-dividend date was Wednesday, April 10th. Ingles Markets's payout ratio is currently 7.12%.

Analysts Set New Price Targets

Several brokerages have weighed in on IMKTA. TheStreet downgraded Ingles Markets from a "b" rating to a "c+" rating in a research report on Monday, February 26th. StockNews.com lowered Ingles Markets from a "strong-buy" rating to a "buy" rating in a report on Friday, February 9th.

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.