American Century Companies Inc. Buys 47,859 Shares of Ingles Markets, Incorporated (NASDAQ:IMKTA)

American Century Companies Inc. increased its stake in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA) by 11.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 475,894 shares of the company’s stock after acquiring an additional 47,859 shares during the quarter. American Century Companies Inc. owned approximately 2.51% of Ingles Markets worth $30,667,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of IMKTA. Intech Investment Management LLC acquired a new stake in Ingles Markets in the third quarter valued at approximately $266,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Ingles Markets by 8.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 405,558 shares of the company’s stock worth $30,255,000 after purchasing an additional 31,027 shares in the last quarter. Dynamic Technology Lab Private Ltd grew its position in Ingles Markets by 20.9% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 7,015 shares of the company’s stock valued at $523,000 after purchasing an additional 1,213 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Ingles Markets by 3.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 24,830 shares of the company’s stock valued at $1,852,000 after purchasing an additional 712 shares in the last quarter. Finally, Martingale Asset Management L P raised its holdings in Ingles Markets by 7.1% during the third quarter. Martingale Asset Management L P now owns 19,885 shares of the company’s stock worth $1,483,000 after buying an additional 1,323 shares during the last quarter. 62.54% of the stock is currently owned by institutional investors and hedge funds.

Ingles Markets Stock Performance

Shares of IMKTA opened at $63.79 on Friday. Ingles Markets, Incorporated has a 52 week low of $58.92 and a 52 week high of $82.01. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.45 and a current ratio of 3.24. The stock has a 50 day moving average price of $63.85 and a two-hundred day moving average price of $66.40. The firm has a market capitalization of $1.21 billion, a P/E ratio of 15.41 and a beta of 0.71.

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

Ingles Markets Dividend Announcement

The company 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. This represents a $0.66 annualized dividend and a yield of 1.03%. The ex-dividend date was Friday, January 10th. Ingles Markets’s dividend payout ratio (DPR) is presently 15.94%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Ingles Markets from a “buy” rating to a “hold” rating in a report on Monday, February 10th.

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.