TD Asset Management Inc Has $63.77 Million Stock Position in Casey's General Stores, Inc. $CASY

TD Asset Management Inc lessened its stake in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 8.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 124,973 shares of the company's stock after selling 12,227 shares during the period. TD Asset Management Inc owned about 0.34% of Casey's General Stores worth $63,770,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP grew its position in Casey's General Stores by 190.6% during the first quarter. Wellington Management Group LLP now owns 1,244,311 shares of the company's stock valued at $540,081,000 after purchasing an additional 816,110 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Casey's General Stores by 42.0% in the 1st quarter. JPMorgan Chase & Co. now owns 1,036,426 shares of the company's stock valued at $449,851,000 after acquiring an additional 306,628 shares in the last quarter. Third Point LLC bought a new position in shares of Casey's General Stores in the first quarter valued at approximately $130,212,000. Nuveen LLC acquired a new stake in Casey's General Stores in the 1st quarter valued at about $76,467,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Casey's General Stores by 51.5% in the 1st quarter. Bank of New York Mellon Corp now owns 515,603 shares of the company's stock valued at $223,792,000 after purchasing an additional 175,372 shares during the last quarter. 85.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on CASY shares. Evercore ISI lifted their price target on Casey's General Stores from $560.00 to $580.00 and gave the company an "outperform" rating in a research note on Wednesday, September 10th. BMO Capital Markets lifted their price objective on shares of Casey's General Stores from $515.00 to $540.00 and gave the stock a "market perform" rating in a research note on Wednesday, September 10th. Wells Fargo & Company assumed coverage on shares of Casey's General Stores in a research report on Wednesday. They set an "overweight" rating and a $610.00 target price on the stock. Stephens reiterated an "overweight" rating and issued a $570.00 price target on shares of Casey's General Stores in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group increased their price target on Casey's General Stores from $450.00 to $490.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 10th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Casey's General Stores has a consensus rating of "Moderate Buy" and a consensus target price of $536.10.

Casey's General Stores Stock Up 0.5%

NASDAQ CASY opened at $564.17 on Thursday. The business has a fifty day moving average price of $532.26 and a two-hundred day moving average price of $496.02. The stock has a market capitalization of $20.98 billion, a PE ratio of 36.21 and a beta of 0.68. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.03 and a quick ratio of 0.61. Casey's General Stores, Inc. has a fifty-two week low of $372.08 and a fifty-two week high of $572.18.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its earnings results on Monday, September 8th. The company reported $5.77 EPS for the quarter, topping the consensus estimate of $5.02 by $0.75. Casey's General Stores had a return on equity of 16.73% and a net margin of 3.54%.The firm had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.47 billion. During the same quarter in the previous year, the firm earned $4.83 earnings per share. The business's quarterly revenue was up 11.5% on a year-over-year basis. Equities analysts expect 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 Friday, November 14th. Investors of record on Saturday, November 1st will be given a dividend of $0.57 per share. The ex-dividend date is Friday, October 31st. This represents a $2.28 annualized dividend and a yield of 0.4%. Casey's General Stores's dividend payout ratio (DPR) is currently 14.63%.

Insiders Place Their Bets

In other Casey's General Stores news, insider Chad Michael Frazell sold 3,487 shares of the company's stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $555.40, for a total value of $1,936,679.80. Following the completion of the transaction, the insider directly owned 7,993 shares in the company, valued at approximately $4,439,312.20. This represents a 30.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.54% of the stock is owned by insiders.

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.

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