California Public Employees Retirement System Sells 5,995 Shares of Casey's General Stores, Inc. (NASDAQ:CASY)

California Public Employees Retirement System reduced its stake in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 3.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 169,461 shares of the company's stock after selling 5,995 shares during the quarter. California Public Employees Retirement System owned 0.46% of Casey's General Stores worth $67,146,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. YANKCOM Partnership acquired a new position in shares of Casey's General Stores during the fourth quarter worth about $34,000. Endeavor Private Wealth Inc. acquired a new position in Casey's General Stores during the 4th quarter worth approximately $36,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of Casey's General Stores by 24.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company's stock worth $59,000 after acquiring an additional 29 shares in the last quarter. Heck Capital Advisors LLC acquired a new stake in shares of Casey's General Stores in the fourth quarter valued at approximately $79,000. Finally, V Square Quantitative Management LLC raised its holdings in shares of Casey's General Stores by 32.9% in the fourth quarter. V Square Quantitative Management LLC now owns 210 shares of the company's stock valued at $83,000 after purchasing an additional 52 shares during the last quarter. 85.63% of the stock is owned by institutional investors and hedge funds.

Casey's General Stores Stock Performance

Casey's General Stores stock traded down $33.35 during mid-day trading on Friday, hitting $415.82. 729,654 shares of the company's stock traded hands, compared to its average volume of 279,704. 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 firm has a 50 day simple moving average of $416.73 and a two-hundred day simple moving average of $405.25. Casey's General Stores, Inc. has a fifty-two week low of $306.45 and a fifty-two week high of $458.92. The stock has a market cap of $15.43 billion, a price-to-earnings ratio of 28.98, a P/E/G ratio of 2.40 and a beta of 0.74.

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Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its 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. The company had revenue of $3.90 billion during the quarter, compared to analysts' expectations of $3.74 billion. Casey's General Stores had a net margin of 3.57% and a return on equity of 17.17%. Casey's General Stores's quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter last year, the company posted $2.33 EPS. On average, research analysts expect that Casey's General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey's General Stores Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend is Thursday, May 1st. Casey's General Stores's payout ratio is 13.94%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Gordon Haskett raised shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. Royal Bank of Canada set a $438.00 price objective on Casey's General Stores and gave the company a "sector perform" rating in a report on Wednesday, March 12th. BMO Capital Markets reaffirmed a "market perform" rating and issued a $450.00 target price (up previously from $400.00) on shares of Casey's General Stores in a research report on Wednesday, December 18th. StockNews.com cut Casey's General Stores from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Finally, Evercore ISI boosted their price target on Casey's General Stores from $450.00 to $460.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $424.00.

Insider Activity

In other Casey's General Stores news, Director Mike Spanos purchased 256 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average cost of $390.54 per share, for a total transaction of $99,978.24. Following the completion of 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.56% of the stock is 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.