Wedge Capital Management L L P NC lowered its holdings in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 25.2% in the 4th quarter, HoldingsChannel reports. The fund owned 8,086 shares of the company’s stock after selling 2,718 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Ingles Markets were worth $280,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in IMKTA. Schwab Charles Investment Management Inc. grew its holdings in Ingles Markets by 27.2% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 191,278 shares of the company’s stock valued at $4,916,000 after purchasing an additional 40,946 shares in the last quarter. Teton Advisors Inc. grew its holdings in Ingles Markets by 5.5% during the 3rd quarter. Teton Advisors Inc. now owns 177,224 shares of the company’s stock valued at $4,555,000 after purchasing an additional 9,224 shares in the last quarter. Prudential Financial Inc. grew its holdings in Ingles Markets by 29.9% during the 3rd quarter. Prudential Financial Inc. now owns 347,596 shares of the company’s stock valued at $8,933,000 after purchasing an additional 79,940 shares in the last quarter. Vanguard Group Inc. grew its holdings in Ingles Markets by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 1,032,352 shares of the company’s stock valued at $34,378,000 after purchasing an additional 33,192 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in Ingles Markets by 2.2% during the 2nd quarter. Northern Trust Corp now owns 282,597 shares of the company’s stock valued at $9,410,000 after purchasing an additional 5,976 shares in the last quarter. 59.50% of the stock is owned by institutional investors.

IMKTA has been the subject of a number of recent analyst reports. BidaskClub raised shares of Ingles Markets from a “hold” rating to a “buy” rating in a report on Tuesday, December 12th. TheStreet raised shares of Ingles Markets from a “c+” rating to a “b-” rating in a report on Tuesday, December 26th. Finally, Zacks Investment Research lowered shares of Ingles Markets from a “buy” rating to a “hold” rating in a report on Thursday.

Shares of Ingles Markets, Incorporated (NASDAQ:IMKTA) opened at $31.95 on Friday. The firm has a market cap of $610.81, a price-to-earnings ratio of 11.34, a P/E/G ratio of 3.31 and a beta of 0.60. Ingles Markets, Incorporated has a fifty-two week low of $20.75 and a fifty-two week high of $48.35. The company has a current ratio of 1.82, a quick ratio of 0.39 and a debt-to-equity ratio of 1.69.

Ingles Markets (NASDAQ:IMKTA) last released its quarterly earnings results on Thursday, December 7th. The company reported $0.96 earnings per share for the quarter. The business had revenue of $1.09 billion during the quarter. Ingles Markets had a net margin of 1.35% and a return on equity of 10.92%. equities analysts anticipate that Ingles Markets, Incorporated will post 2.85 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 18th. Shareholders of record on Thursday, January 11th were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 2.07%. The ex-dividend date was Wednesday, January 10th. Ingles Markets’s dividend payout ratio is currently 24.81%.

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About Ingles Markets

Ingles Markets, Incorporated (Ingles) is a supermarket chain in the southeast United States. The Company’s segments include retail grocery and other. Its other segment consists of fluid dairy operations and shopping center rentals. As of September 24, 2016, the Company operated 201 supermarkets in Georgia, North Carolina, South Carolina, Tennessee, Virginia and Alabama.

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Institutional Ownership by Quarter for Ingles Markets (NASDAQ:IMKTA)

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