Universal Beteiligungs und Servicegesellschaft mbH Sells 73,259 Shares of Ingles Markets, Incorporated $IMKTA

Universal Beteiligungs und Servicegesellschaft mbH trimmed its holdings in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA) by 66.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,501 shares of the company’s stock after selling 73,259 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.19% of Ingles Markets worth $2,313,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Huntington National Bank lifted its holdings in shares of Ingles Markets by 45,500.0% during the second quarter. Huntington National Bank now owns 456 shares of the company’s stock worth $29,000 after purchasing an additional 455 shares during the period. Signaturefd LLC raised its position in shares of Ingles Markets by 82.5% during the second quarter. Signaturefd LLC now owns 522 shares of the company’s stock worth $33,000 after acquiring an additional 236 shares during the last quarter. First Horizon Advisors Inc. raised its position in shares of Ingles Markets by 192.6% during the second quarter. First Horizon Advisors Inc. now owns 632 shares of the company’s stock worth $40,000 after acquiring an additional 416 shares during the last quarter. Summer Road LLC lifted its stake in shares of Ingles Markets by 125.0% in the first quarter. Summer Road LLC now owns 1,800 shares of the company’s stock worth $115,000 after acquiring an additional 1,000 shares during the period. Finally, Anchor Investment Management LLC boosted its holdings in Ingles Markets by 85.0% in the first quarter. Anchor Investment Management LLC now owns 1,850 shares of the company’s stock valued at $120,000 after acquiring an additional 850 shares during the last quarter. 62.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Ingles Markets in a report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

Ingles Markets Stock Down 0.8%

Shares of Ingles Markets stock opened at $75.35 on Tuesday. The stock’s 50-day moving average is $71.85 and its 200 day moving average is $66.98. Ingles Markets, Incorporated has a one year low of $58.92 and a one year high of $76.93. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 25.37 and a beta of 0.74. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.14 and a quick ratio of 1.53.

Ingles Markets Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 16th. Shareholders of record on Thursday, October 9th were issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Thursday, October 9th. Ingles Markets’s dividend payout ratio is presently 22.22%.

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.