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

Ameriprise Financial Inc. lessened its position in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 3.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 204,377 shares of the company's stock after selling 7,717 shares during the period. Ameriprise Financial Inc. owned approximately 0.55% of Casey's General Stores worth $80,982,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Aptus Capital Advisors LLC increased its position in Casey's General Stores by 22.1% during the 4th quarter. Aptus Capital Advisors LLC now owns 34,903 shares of the company's stock worth $13,830,000 after purchasing an additional 6,328 shares during the period. Freestone Grove Partners LP purchased a new stake in Casey's General Stores during the fourth quarter worth about $24,985,000. Schonfeld Strategic Advisors LLC increased its holdings in Casey's General Stores by 241.1% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 11,940 shares of the company's stock valued at $4,731,000 after buying an additional 8,440 shares in the last quarter. AdvisorShares Investments LLC increased its holdings in Casey's General Stores by 43.6% in the fourth quarter. AdvisorShares Investments LLC now owns 382 shares of the company's stock valued at $151,000 after buying an additional 116 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Casey's General Stores by 21.5% in the fourth quarter. Northern Trust Corp now owns 332,504 shares of the company's stock valued at $131,748,000 after buying an additional 58,844 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company's stock.

Casey's General Stores Trading Up 0.1%

Shares of NASDAQ:CASY traded up $0.23 during trading on Wednesday, reaching $433.03. The stock had a trading volume of 80,563 shares, compared to its average volume of 289,940. The company has a quick ratio of 0.49, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. The stock has a market cap of $16.07 billion, a P/E ratio of 30.18, a PEG ratio of 2.40 and a beta of 0.70. The business has a fifty day moving average price of $433.68 and a 200-day moving average price of $418.93. Casey's General Stores, Inc. has a fifty-two week low of $313.89 and a fifty-two week high of $474.97.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $3.74 billion. During the same period in the previous year, the firm posted $2.33 EPS. Casey's General Stores's revenue was up 17.2% on a year-over-year basis. As a group, analysts anticipate that Casey's General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey's General Stores Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $2.00 annualized dividend and a yield of 0.46%. Casey's General Stores's payout ratio is currently 13.94%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on CASY shares. KeyCorp began coverage on Casey's General Stores in a report on Friday, April 11th. They issued an "overweight" rating and a $500.00 price target on the stock. StockNews.com downgraded Casey's General Stores from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Royal Bank of Canada set a $438.00 price target on Casey's General Stores and gave the company a "sector perform" rating in a research report on Wednesday, March 12th. Gordon Haskett raised Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. Finally, Stephens raised shares of Casey's General Stores to a "strong-buy" rating in a research note on Monday, April 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $430.33.

Insider Buying and Selling

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

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.