Financial Counselors Inc. Cuts Position in Casey's General Stores, Inc. (NASDAQ:CASY)

Financial Counselors Inc. lessened its position in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 7.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 37,739 shares of the company's stock after selling 3,058 shares during the period. Financial Counselors Inc. owned about 0.10% of Casey's General Stores worth $16,380,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Natixis grew its stake in shares of Casey's General Stores by 21.9% in the fourth quarter. Natixis now owns 8,337 shares of the company's stock worth $3,303,000 after acquiring an additional 1,499 shares during the period. Scholtz & Company LLC purchased a new stake in Casey's General Stores during the 4th quarter valued at $2,375,000. Segall Bryant & Hamill LLC raised its stake in Casey's General Stores by 9.1% during the 4th quarter. Segall Bryant & Hamill LLC now owns 53,330 shares of the company's stock valued at $21,131,000 after buying an additional 4,458 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Casey's General Stores by 15.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 290,420 shares of the company's stock worth $115,089,000 after buying an additional 38,684 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Casey's General Stores by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 276,529 shares of the company's stock worth $109,569,000 after acquiring an additional 3,197 shares during the period. 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, CEO Darren M. Rebelez sold 20,000 shares of the stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $507.83, for a total transaction of $10,156,600.00. Following the completion of the transaction, the chief executive officer owned 89,840 shares in the company, valued at $45,623,447.20. This trade represents a 18.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Stephen P. Bramlage, Jr. sold 8,478 shares of the firm's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $509.21, for a total transaction of $4,317,082.38. Following the completion of the sale, the chief financial officer owned 26,754 shares of the company's stock, valued at $13,623,404.34. This trade represents a 24.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,646 shares of company stock valued at $22,136,614 over the last ninety days. Corporate insiders own 0.56% of the company's stock.

Analysts Set New Price Targets

CASY has been the topic of a number of recent research reports. Evercore ISI increased their target price on Casey's General Stores from $450.00 to $460.00 and gave the company an "outperform" rating in a report on Tuesday, April 1st. Wells Fargo & Company increased their price objective on shares of Casey's General Stores from $460.00 to $540.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 11th. Wall Street Zen upgraded shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. BMO Capital Markets upped their target price on shares of Casey's General Stores from $450.00 to $515.00 and gave the company a "market perform" rating in a report on Wednesday, June 11th. Finally, KeyCorp upped their target price on shares of Casey's General Stores from $500.00 to $550.00 and gave the company an "overweight" rating in a report on Wednesday, June 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $453.00.

Casey's General Stores Price Performance

Shares of CASY traded down $13.86 during mid-day trading on Tuesday, reaching $512.30. The stock had a trading volume of 413,978 shares, compared to its average volume of 304,040. The firm has a market cap of $19.05 billion, a price-to-earnings ratio of 34.99 and a beta of 0.69. Casey's General Stores, Inc. has a 12 month low of $350.52 and a 12 month high of $528.26. The business has a fifty day moving average of $472.60 and a 200 day moving average of $436.64. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.48 and a current ratio of 0.92.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its earnings results on Monday, June 9th. The company reported $2.63 earnings per share for the quarter, topping analysts' consensus estimates of $1.94 by $0.69. Casey's General Stores had a net margin of 3.43% and a return on equity of 16.28%. The firm had revenue of $3.99 billion during the quarter, compared to analyst estimates of $3.95 billion. During the same quarter in the prior year, the business earned $2.34 earnings per share. Casey's General Stores's revenue for the quarter was up 10.9% on a year-over-year basis. Equities analysts predict that Casey's General Stores, Inc. will post 13.94 EPS for the current year.

Casey's General Stores Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be given a dividend of $0.57 per share. The ex-dividend date is Friday, August 1st. This represents a $2.28 annualized dividend and a yield of 0.45%. This is a positive change from Casey's General Stores's previous quarterly dividend of $0.50. Casey's General Stores's dividend payout ratio (DPR) is 13.66%.

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.