UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 712 Shares of Ingles Markets, Incorporated (NASDAQ:IMKTA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 3.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,830 shares of the company’s stock after buying an additional 712 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Ingles Markets were worth $1,852,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. GAMMA Investing LLC boosted its position in shares of Ingles Markets by 413.9% during the 3rd quarter. GAMMA Investing LLC now owns 406 shares of the company’s stock valued at $30,000 after acquiring an additional 327 shares during the last quarter. CWM LLC lifted its position in Ingles Markets by 240.9% during the second quarter. CWM LLC now owns 433 shares of the company’s stock valued at $30,000 after purchasing an additional 306 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in Ingles Markets in the 2nd quarter worth approximately $69,000. Signaturefd LLC increased its holdings in shares of Ingles Markets by 101.0% in the 2nd quarter. Signaturefd LLC now owns 1,003 shares of the company’s stock worth $69,000 after buying an additional 504 shares during the last quarter. Finally, Innealta Capital LLC purchased a new stake in shares of Ingles Markets during the 2nd quarter valued at $74,000. 62.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Ingles Markets Stock Performance

NASDAQ:IMKTA opened at $69.20 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.49 and a current ratio of 2.99. Ingles Markets, Incorporated has a fifty-two week low of $59.73 and a fifty-two week high of $89.59. The business has a 50 day moving average price of $67.80 and a 200-day moving average price of $70.70. The firm has a market cap of $1.31 billion, a PE ratio of 8.24 and a beta of 0.74.

Ingles Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Thursday, October 10th were given a dividend of $0.165 per share. The ex-dividend date was Thursday, October 10th. This represents a $0.66 annualized dividend and a yield of 0.95%. Ingles Markets’s payout ratio is 7.86%.

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.