Financial Counselors Inc. Sells 2,229 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Financial Counselors Inc. decreased its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 5.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,797 shares of the company’s stock after selling 2,229 shares during the period. Financial Counselors Inc. owned 0.11% of Casey’s General Stores worth $16,165,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new stake in Casey’s General Stores during the 4th quarter valued at $236,500,000. Franklin Resources Inc. lifted its holdings in shares of Casey’s General Stores by 49.9% in the 3rd quarter. Franklin Resources Inc. now owns 524,237 shares of the company’s stock worth $204,861,000 after acquiring an additional 174,586 shares during the last quarter. Benjamin Edwards Inc. boosted its stake in shares of Casey’s General Stores by 1,819.1% during the 3rd quarter. Benjamin Edwards Inc. now owns 130,291 shares of the company’s stock worth $48,959,000 after purchasing an additional 123,502 shares during the period. Wellington Management Group LLP grew its holdings in Casey’s General Stores by 281.4% during the 3rd quarter. Wellington Management Group LLP now owns 164,656 shares of the company’s stock valued at $61,863,000 after purchasing an additional 121,488 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in 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 purchasing an additional 119,350 shares during the period. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Insider Buying and Selling at Casey’s General Stores

In other Casey’s General Stores news, Director Mike Spanos purchased 256 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average cost of $390.54 per share, for a total transaction of $99,978.24. Following the completion of the transaction, the director now owns 3,356 shares of the company’s stock, valued at $1,310,652.24. The trade was a 8.26 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.56% of the company’s stock.

Casey’s General Stores Stock Up 1.2 %

Casey’s General Stores stock opened at $417.42 on Wednesday. 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 stock has a market capitalization of $15.49 billion, a PE ratio of 29.09, a price-to-earnings-growth ratio of 2.40 and a beta of 0.87. The business has a 50 day simple moving average of $411.05 and a 200-day simple moving average of $401.98. Casey’s General Stores, Inc. has a 12 month low of $306.45 and a 12 month high of $445.17.

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

Casey’s General Stores Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, May 1st. This represents a $2.00 annualized dividend and a yield of 0.48%. Casey’s General Stores’s dividend payout ratio (DPR) is currently 13.94%.

Wall Street Analyst Weigh In

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

Casey’s General Stores 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.