Kestra Private Wealth Services LLC Cuts Stake in Casey's General Stores, Inc. (NASDAQ:CASY)

Kestra Private Wealth Services LLC lessened its position in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 30.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,948 shares of the company's stock after selling 854 shares during the quarter. Kestra Private Wealth Services LLC's holdings in Casey's General Stores were worth $772,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC grew its position in Casey's General Stores by 3.8% during the third quarter. FMR LLC now owns 1,046,830 shares of the company's stock valued at $393,305,000 after buying an additional 38,226 shares during the period. JPMorgan Chase & Co. grew its position in shares of Casey's General Stores by 18.7% in the third quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company's stock valued at $285,090,000 after purchasing an additional 119,350 shares during the period. Geode Capital Management LLC grew its position in shares of Casey's General Stores by 1.3% in the third quarter. Geode Capital Management LLC now owns 655,488 shares of the company's stock valued at $246,335,000 after purchasing an additional 8,428 shares during the period. Franklin Resources Inc. grew its position in shares of 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 purchasing an additional 174,586 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Casey's General Stores by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 273,332 shares of the company's stock valued at $102,694,000 after purchasing an additional 702 shares during the period. Institutional investors and hedge funds own 85.63% of the company's stock.

Insider Transactions at Casey's General Stores

In related news, insider Katrina S. Lindsey sold 450 shares of the company's stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $427.13, for a total value of $192,208.50. Following the completion of the sale, the insider now owns 2,247 shares in the company, valued at $959,761.11. This represents a 16.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mike Spanos purchased 500 shares of Casey's General Stores stock in a transaction that occurred on Monday, December 23rd. The stock was acquired at an average price of $396.76 per share, with a total value of $198,380.00. Following the transaction, the director now owns 3,097 shares in the company, valued at $1,228,765.72. The trade was a 19.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.56% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CASY. Gordon Haskett upgraded shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Casey's General Stores from $451.00 to $454.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Royal Bank of Canada raised their price target on shares of Casey's General Stores from $403.00 to $428.00 and gave the stock a "sector perform" rating in a research note on Tuesday, December 10th. Evercore ISI raised their price target on shares of Casey's General Stores from $460.00 to $470.00 and gave the stock an "outperform" rating in a research note on Friday, December 13th. Finally, BMO Capital Markets reissued a "market perform" rating and issued a $450.00 price target (up from $400.00) on shares of Casey's General Stores in a research note on Wednesday, December 18th. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, Casey's General Stores presently has a consensus rating of "Moderate Buy" and an average price target of $424.00.

Casey's General Stores Stock Down 0.4 %

Shares of NASDAQ:CASY traded down $1.68 during trading on Tuesday, hitting $430.49. 54,960 shares of the company were exchanged, compared to its average volume of 256,344. The stock has a market capitalization of $15.98 billion, a P/E ratio of 30.00, a PEG ratio of 2.48 and a beta of 0.83. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. Casey's General Stores, Inc. has a 12-month low of $286.46 and a 12-month high of $445.17. The firm's 50 day moving average price is $410.47 and its 200-day moving average price is $395.69.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its quarterly earnings data on Monday, December 9th. The company reported $4.85 earnings per share for the quarter, topping the consensus estimate of $4.29 by $0.56. The business had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $4.03 billion. Casey's General Stores had a net margin of 3.57% and a return on equity of 17.17%. The company's revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.24 EPS. On average, research analysts predict 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 disclosed a quarterly dividend, which was paid on Monday, February 17th. Stockholders of record on Monday, February 3rd were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.00 annualized dividend and a dividend yield of 0.46%. Casey's General Stores's dividend payout ratio is presently 13.94%.

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.