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

Financial Counselors Inc. decreased its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 5.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 40,797 shares of the company’s stock after selling 2,229 shares during the quarter. Financial Counselors Inc.’s holdings in Casey’s General Stores were worth $16,165,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Zions Bancorporation N.A. raised its position in Casey’s General Stores by 10.7% in the 4th quarter. Zions Bancorporation N.A. now owns 7,219 shares of the company’s stock valued at $2,860,000 after purchasing an additional 700 shares in the last quarter. EntryPoint Capital LLC acquired a new position in Casey’s General Stores during the 4th quarter worth approximately $288,000. Segall Bryant & Hamill LLC increased its position in shares of Casey’s General Stores by 9.1% in the 4th quarter. Segall Bryant & Hamill LLC now owns 53,330 shares of the company’s stock valued at $21,131,000 after purchasing an additional 4,458 shares during the last quarter. Dillon & Associates Inc. lifted its position in shares of Casey’s General Stores by 505.5% during the 4th quarter. Dillon & Associates Inc. now owns 9,283 shares of the company’s stock worth $3,676,000 after purchasing an additional 7,750 shares during the last quarter. Finally, Cannon Global Investment Management LLC purchased a new position in Casey’s General Stores in the fourth quarter valued at $951,000. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Trading Up 1.2 %

Shares of Casey’s General Stores stock opened at $417.42 on Wednesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88. The company has a market capitalization of $15.49 billion, a P/E ratio of 29.09, a PEG ratio of 2.40 and a beta of 0.87. Casey’s General Stores, Inc. has a 1 year low of $306.45 and a 1 year high of $445.17. The company’s fifty day moving average is $411.05 and its two-hundred day moving average is $401.98.

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

Casey’s General Stores Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.48%. The ex-dividend date is Thursday, May 1st. Casey’s General Stores’s dividend payout ratio is presently 13.94%.

Analyst Ratings Changes

Several research analysts have recently issued reports on CASY shares. Royal Bank of Canada set a $438.00 price objective on Casey’s General Stores and gave the stock a “sector perform” rating in a research report on Wednesday, March 12th. StockNews.com cut Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th. Gordon Haskett upgraded shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. BMO Capital Markets restated a “market perform” rating and set a $450.00 price objective (up previously from $400.00) on shares of Casey’s General Stores in a research report on Wednesday, December 18th. Finally, Evercore ISI dropped their target price on shares of Casey’s General Stores from $460.00 to $450.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $423.09.

Insider Buying and Selling

In other news, Director Mike Spanos bought 256 shares of Casey’s General Stores stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of $390.54 per share, for a total transaction of $99,978.24. Following the purchase, the director now owns 3,356 shares of the company’s stock, valued at approximately $1,310,652.24. The trade was a 8.26 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.56% of the company’s stock.

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.