Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. lessened its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 3.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 204,377 shares of the company’s stock after selling 7,717 shares during the quarter. Ameriprise Financial Inc.’s holdings in Casey’s General Stores were worth $80,982,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Casey’s General Stores by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 3,799,104 shares of the company’s stock valued at $1,505,319,000 after purchasing an additional 44,295 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Casey’s General Stores by 1.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,776,323 shares of the company’s stock worth $703,833,000 after purchasing an additional 31,131 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Casey’s General Stores by 18.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company’s stock worth $285,090,000 after acquiring an additional 119,350 shares during the last quarter. Franklin Resources Inc. raised its stake in Casey’s General Stores by 29.5% during the fourth quarter. Franklin Resources Inc. now owns 678,778 shares of the company’s stock worth $268,952,000 after purchasing an additional 154,541 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in Casey’s General Stores in the fourth quarter worth approximately $236,500,000. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Insider Activity at Casey’s General Stores

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 250 shares of the business’s stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $437.01, for a total transaction of $109,252.50. Following the completion of the sale, the insider now owns 2,443 shares of the company’s stock, valued at approximately $1,067,615.43. The trade was a 9.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mike Spanos bought 256 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average cost of $390.54 per share, with a total value of $99,978.24. Following the transaction, the director now owns 3,356 shares in the company, valued at approximately $1,310,652.24. This represents a 8.26 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on CASY. Gordon Haskett raised shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. KeyCorp assumed coverage on shares of Casey’s General Stores in a research note on Friday, April 11th. They set an “overweight” rating and a $500.00 target price on the stock. Royal Bank of Canada set a $438.00 target price on Casey’s General Stores and gave the stock a “sector perform” rating in a research report on Wednesday, March 12th. StockNews.com downgraded shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. Finally, Evercore ISI boosted their price objective on Casey’s General Stores from $450.00 to $460.00 and gave the company an “outperform” rating in a research note on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Casey’s General Stores presently has a consensus rating of “Moderate Buy” and a consensus target price of $430.33.

Casey’s General Stores Trading Down 2.8 %

Shares of CASY stock opened at $453.12 on Friday. Casey’s General Stores, Inc. has a 1-year low of $313.89 and a 1-year high of $474.97. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. The business’s fifty day moving average price is $431.52 and its 200 day moving average price is $417.71. The firm has a market capitalization of $16.82 billion, a PE ratio of 31.58, a P/E/G ratio of 2.40 and a beta of 0.70.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.57. The company had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $3.74 billion. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The company’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same period last year, the firm earned $2.33 EPS. As a group, sell-side analysts forecast that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, May 1st. This represents a $2.00 annualized dividend and a dividend yield of 0.44%. Casey’s General Stores’s dividend payout ratio is currently 13.94%.

Casey’s General Stores Company Profile

Casey’s General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.