Baker Ellis Asset Management LLC Has $1.54 Million Stock Holdings in Ingles Markets, Incorporated (NASDAQ:IMKTA)

Baker Ellis Asset Management LLC trimmed its position in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 55.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 23,840 shares of the company’s stock after selling 29,979 shares during the period. Baker Ellis Asset Management LLC’s holdings in Ingles Markets were worth $1,536,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. River Road Asset Management LLC grew its holdings in Ingles Markets by 7.1% in the 3rd quarter. River Road Asset Management LLC now owns 971,026 shares of the company’s stock valued at $72,439,000 after buying an additional 64,296 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Ingles Markets by 8.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 405,558 shares of the company’s stock valued at $30,255,000 after acquiring an additional 31,027 shares during the period. Geode Capital Management LLC lifted its position in shares of Ingles Markets by 3.7% during the 3rd quarter. Geode Capital Management LLC now owns 399,190 shares of the company’s stock valued at $29,785,000 after acquiring an additional 14,264 shares during the period. Brandes Investment Partners LP lifted its position in shares of Ingles Markets by 111.0% during the 2nd quarter. Brandes Investment Partners LP now owns 196,753 shares of the company’s stock valued at $13,480,000 after acquiring an additional 103,507 shares during the period. Finally, Systematic Financial Management LP lifted its position in shares of Ingles Markets by 8.3% during the 3rd quarter. Systematic Financial Management LP now owns 196,671 shares of the company’s stock valued at $14,672,000 after acquiring an additional 15,107 shares during the period. 62.54% of the stock is owned by institutional investors and hedge funds.

Ingles Markets Price Performance

Ingles Markets stock opened at $63.26 on Thursday. The stock’s 50 day moving average is $67.91 and its 200 day moving average is $69.78. 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 market cap of $1.20 billion, a P/E ratio of 11.40 and a beta of 0.76. Ingles Markets, Incorporated has a one year low of $59.73 and a one year high of $85.87.

Ingles Markets (NASDAQ:IMKTA) last released 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 9th were given a $0.165 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.66 annualized dividend and a yield of 1.04%. Ingles Markets’s dividend payout ratio is currently 11.89%.

Wall Street Analyst Weigh In

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

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.