Ballentine Partners LLC Purchases 314 Shares of Ingles Markets, Incorporated (NASDAQ:IMKTA)

Ballentine Partners LLC lifted its holdings in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 7.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,523 shares of the company’s stock after acquiring an additional 314 shares during the period. Ballentine Partners LLC’s holdings in Ingles Markets were worth $291,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. GAMMA Investing LLC lifted its holdings in shares of Ingles Markets by 413.9% in the 3rd quarter. GAMMA Investing LLC now owns 406 shares of the company’s stock worth $30,000 after purchasing an additional 327 shares in the last quarter. CWM LLC boosted its stake in Ingles Markets by 75.5% during the 3rd quarter. CWM LLC now owns 760 shares of the company’s stock valued at $57,000 after purchasing an additional 327 shares during the last quarter. Franklin Resources Inc. increased its holdings in Ingles Markets by 5.8% during the 3rd quarter. Franklin Resources Inc. now owns 6,933 shares of the company’s stock worth $517,000 after purchasing an additional 378 shares in the last quarter. Sei Investments Co. raised its stake in shares of Ingles Markets by 12.1% in the second quarter. Sei Investments Co. now owns 3,844 shares of the company’s stock worth $264,000 after purchasing an additional 416 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Ingles Markets by 18.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 3,116 shares of the company’s stock valued at $214,000 after purchasing an additional 484 shares in the last quarter. 62.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Ingles Markets from a “hold” rating to a “buy” rating in a report on Monday, December 30th.

Ingles Markets Stock Performance

Shares of IMKTA stock opened at $65.63 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.89 and a quick ratio of 1.45. The firm has a 50-day moving average of $67.47 and a 200-day moving average of $69.67. Ingles Markets, Incorporated has a one year low of $59.73 and a one year high of $85.87. The company has a market cap of $1.25 billion, a P/E ratio of 11.83 and a beta of 0.76.

Ingles Markets (NASDAQ:IMKTA) last posted its quarterly earnings data on Friday, December 27th. The company reported ($0.08) EPS for the quarter. Ingles Markets had a net margin of 1.87% and a return on equity of 6.90%.

Ingles Markets Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 9th were issued a dividend of $0.165 per share. The ex-dividend date was Friday, January 10th. This represents a $0.66 dividend on an annualized basis and a yield of 1.01%. Ingles Markets’s dividend payout ratio (DPR) is currently 11.89%.

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.