Casey's General Stores, Inc. (NASDAQ:CASY) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its stake in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 3.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 729,798 shares of the company's stock after selling 29,006 shares during the quarter. JPMorgan Chase & Co. owned about 1.97% of Casey's General Stores worth $289,168,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CASY. Raymond James Financial Inc. acquired a new position in Casey's General Stores in the 4th quarter valued at about $236,500,000. Franklin Resources Inc. lifted its holdings in Casey's General Stores by 49.9% in the third quarter. Franklin Resources Inc. now owns 524,237 shares of the company's stock valued at $204,861,000 after acquiring an additional 174,586 shares during the last quarter. Benjamin Edwards Inc. grew its position in Casey's General Stores by 1,819.1% in the third quarter. Benjamin Edwards Inc. now owns 130,291 shares of the company's stock worth $48,959,000 after acquiring an additional 123,502 shares during the period. Wellington Management Group LLP increased its stake in Casey's General Stores by 281.4% during the third quarter. Wellington Management Group LLP now owns 164,656 shares of the company's stock worth $61,863,000 after acquiring an additional 121,488 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in Casey's General Stores in the fourth quarter valued at $45,224,000. Hedge funds and other institutional investors own 85.63% of the company's stock.

Casey's General Stores Stock Performance

CASY traded down $33.35 during trading on Friday, reaching $415.82. The company's stock had a trading volume of 729,654 shares, compared to its average volume of 279,355. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88. Casey's General Stores, Inc. has a 52-week low of $306.45 and a 52-week high of $458.92. The company has a market capitalization of $15.43 billion, a price-to-earnings ratio of 28.98, a price-to-earnings-growth ratio of 2.40 and a beta of 0.87. The company's fifty day moving average price is $416.73 and its 200-day moving average price is $404.81.

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Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its earnings results on Tuesday, March 11th. The company reported $2.33 EPS for the quarter, beating analysts' consensus estimates 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 quarter last year, the company earned $2.33 earnings per share. Casey's General Stores's quarterly revenue was up 17.2% compared to the same quarter last year. On average, equities analysts forecast that Casey's General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey's General Stores Announces Dividend

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

Insider Activity at Casey's General Stores

In other news, Director Mike Spanos purchased 256 shares of the company's stock in a transaction dated Thursday, March 13th. The stock was acquired at an average price of $390.54 per share, for a total transaction of $99,978.24. Following the completion of the transaction, the director now directly owns 3,356 shares in the company, valued at $1,310,652.24. This represents a 8.26 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 0.56% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CASY has been the subject of a number of recent analyst reports. Gordon Haskett raised Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. Evercore ISI lifted their price target on shares of Casey's General Stores from $450.00 to $460.00 and gave the company an "outperform" rating in a research report on Tuesday. BMO Capital Markets restated a "market perform" rating and issued a $450.00 price objective (up from $400.00) on shares of Casey's General Stores in a report on Wednesday, December 18th. StockNews.com downgraded shares of Casey's General Stores from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. Finally, Royal Bank of Canada set a $438.00 price target on Casey's General Stores and gave the stock a "sector perform" rating in a research note on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Casey's General Stores presently has a consensus rating of "Moderate Buy" and an average target price of $424.00.

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.