Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Sold by Zions Bancorporation N.A.

Zions Bancorporation N.A. cut its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 4.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,508 shares of the company’s stock after selling 228 shares during the quarter. Zions Bancorporation N.A.’s holdings in Casey’s General Stores were worth $2,102,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Private Advisor Group LLC raised its stake in Casey’s General Stores by 37.2% during the 4th quarter. Private Advisor Group LLC now owns 3,309 shares of the company’s stock valued at $909,000 after acquiring an additional 897 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Casey’s General Stores by 105.3% in the fourth quarter. BNP Paribas Financial Markets now owns 17,066 shares of the company’s stock valued at $4,689,000 after purchasing an additional 8,753 shares during the period. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Casey’s General Stores during the fourth quarter worth approximately $349,000. Jump Financial LLC acquired a new stake in shares of Casey’s General Stores during the fourth quarter worth $302,000. Finally, Envestnet Portfolio Solutions Inc. grew its position in Casey’s General Stores by 11.9% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,609 shares of the company’s stock valued at $442,000 after buying an additional 171 shares during the last quarter. 85.63% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Casey’s General Stores

In other Casey’s General Stores news, insider Thomas P. Brennan, Jr. sold 3,000 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $380.24, for a total transaction of $1,140,720.00. Following the completion of the transaction, the insider now owns 9,044 shares of the company’s stock, valued at $3,438,890.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Thomas P. Brennan, Jr. sold 3,000 shares of Casey’s General Stores stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $380.24, for a total transaction of $1,140,720.00. Following the completion of the sale, the insider now directly owns 9,044 shares in the company, valued at $3,438,890.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Darren M. Rebelez sold 13,500 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $374.54, for a total transaction of $5,056,290.00. Following the transaction, the chief executive officer now directly owns 73,838 shares in the company, valued at approximately $27,655,284.52. The disclosure for this sale can be found here. 0.47% of the stock is owned by corporate insiders.

Casey’s General Stores Stock Up 2.3 %

Casey’s General Stores stock opened at $382.07 on Friday. The firm has a market capitalization of $14.18 billion, a price-to-earnings ratio of 28.45, a price-to-earnings-growth ratio of 2.58 and a beta of 0.80. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.44 and a current ratio of 0.84. Casey’s General Stores, Inc. has a fifty-two week low of $260.13 and a fifty-two week high of $401.07. The stock’s fifty day moving average is $373.69 and its two-hundred day moving average is $344.44.

Casey’s General Stores (NASDAQ:CASY) last posted its earnings results on Wednesday, September 4th. The company reported $4.83 earnings per share for the quarter, beating the consensus estimate of $4.54 by $0.29. Casey’s General Stores had a net margin of 3.40% and a return on equity of 17.07%. The firm had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same period last year, the firm posted $4.52 EPS. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. Analysts predict that Casey’s General Stores, Inc. will post 14.15 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date is Friday, November 1st. Casey’s General Stores’s payout ratio is currently 14.89%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. StockNews.com cut shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 3rd. JPMorgan Chase & Co. raised their price objective on shares of Casey’s General Stores from $298.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, September 4th. Benchmark reiterated a “buy” rating and set a $410.00 target price on shares of Casey’s General Stores in a research report on Tuesday. Royal Bank of Canada raised their price target on Casey’s General Stores from $393.00 to $403.00 and gave the company a “sector perform” rating in a report on Thursday, September 5th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Casey’s General Stores from $420.00 to $444.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Casey’s General Stores currently has a consensus rating of “Moderate Buy” and a consensus target price of $401.20.

About Casey’s General Stores

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.