Northern Trust Corp Acquires 7,520 Shares of Ingles Markets, Incorporated (NASDAQ:IMKTA)

Northern Trust Corp grew its holdings in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) by 4.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 187,100 shares of the company's stock after acquiring an additional 7,520 shares during the quarter. Northern Trust Corp owned 0.99% of Ingles Markets worth $12,057,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Meeder Asset Management Inc. purchased a new position in shares of Ingles Markets during the fourth quarter worth approximately $30,000. Sterling Capital Management LLC increased its stake in shares of Ingles Markets by 811.8% in the fourth quarter. Sterling Capital Management LLC now owns 465 shares of the company's stock worth $30,000 after buying an additional 414 shares during the period. Anchor Investment Management LLC purchased a new position in shares of Ingles Markets in the fourth quarter worth $64,000. Tower Research Capital LLC TRC increased its stake in shares of Ingles Markets by 296.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,252 shares of the company's stock worth $81,000 after buying an additional 936 shares during the period. Finally, EntryPoint Capital LLC purchased a new position in shares of Ingles Markets in the fourth quarter worth $204,000. 62.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Ingles Markets Trading Down 0.3%

Shares of NASDAQ IMKTA traded down $0.18 during mid-day trading on Thursday, hitting $59.82. The stock had a trading volume of 156,628 shares, compared to its average volume of 121,201. 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 1 year low of $58.92 and a 1 year high of $82.01. The business has a 50 day moving average price of $62.60 and a two-hundred day moving average price of $65.18. The firm has a market cap of $1.14 billion, a P/E ratio of 14.45 and a beta of 0.73.

Ingles Markets (NASDAQ:IMKTA - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.80 EPS for the quarter. Ingles Markets had a net margin of 1.45% and a return on equity of 5.09%.

Ingles Markets Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Thursday, April 10th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.10%. The ex-dividend date was Thursday, April 10th. Ingles Markets's dividend payout ratio (DPR) is currently 20.25%.

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.