Ingles Markets, Incorporated (NASDAQ:IMKTA) Shares Bought by Creative Planning

Creative Planning increased its position in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 36.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,884 shares of the company’s stock after acquiring an additional 1,301 shares during the period. Creative Planning’s holdings in Ingles Markets were worth $335,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. CWM LLC grew its position in Ingles Markets by 240.9% in the 2nd quarter. CWM LLC now owns 433 shares of the company’s stock valued at $30,000 after buying an additional 306 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in Ingles Markets in the 2nd quarter valued at about $69,000. Signaturefd LLC grew its position in Ingles Markets by 101.0% in the 2nd quarter. Signaturefd LLC now owns 1,003 shares of the company’s stock valued at $69,000 after buying an additional 504 shares in the last quarter. Innealta Capital LLC bought a new position in shares of Ingles Markets during the 2nd quarter valued at about $74,000. Finally, nVerses Capital LLC bought a new position in shares of Ingles Markets during the 2nd quarter valued at about $75,000. Institutional investors and hedge funds own 62.54% of the company’s stock.

Ingles Markets Price Performance

NASDAQ IMKTA opened at $64.24 on Friday. The company has a 50 day simple moving average of $70.26 and a 200-day simple moving average of $72.03. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.99 and a quick ratio of 1.49. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 6.93 and a beta of 0.70. Ingles Markets, Incorporated has a 52-week low of $59.73 and a 52-week high of $89.59.

Ingles Markets (NASDAQ:IMKTA) last released its quarterly earnings results on Thursday, August 8th. The company reported $1.67 EPS for the quarter. The company had revenue of $1.39 billion for the quarter. Ingles Markets had a net margin of 2.74% and a return on equity of 10.58%.

Ingles Markets Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Thursday, October 10th were issued a dividend of $0.165 per share. The ex-dividend date was Thursday, October 10th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.03%. Ingles Markets’s payout ratio is presently 7.12%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Ingles Markets from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 21st.

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.