State of Alaska Department of Revenue Sells 80 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

State of Alaska Department of Revenue reduced its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 0.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,381 shares of the company’s stock after selling 80 shares during the quarter. State of Alaska Department of Revenue’s holdings in Casey’s General Stores were worth $5,301,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC grew its position in Casey’s General Stores by 11.9% in the third quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock valued at $290,000 after purchasing an additional 82 shares in the last quarter. Atomi Financial Group Inc. boosted its stake in shares of Casey’s General Stores by 10.0% during the 3rd quarter. Atomi Financial Group Inc. now owns 582 shares of the company’s stock worth $219,000 after buying an additional 53 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of Casey’s General Stores by 6.0% in the 3rd quarter. UMB Bank n.a. now owns 2,483 shares of the company’s stock valued at $933,000 after acquiring an additional 140 shares in the last quarter. Evexia Wealth LLC increased its position in shares of Casey’s General Stores by 42.7% in the third quarter. Evexia Wealth LLC now owns 14,606 shares of the company’s stock valued at $5,440,000 after acquiring an additional 4,369 shares during the last quarter. Finally, Ritholtz Wealth Management raised its holdings in Casey’s General Stores by 4.9% during the third quarter. Ritholtz Wealth Management now owns 1,636 shares of the company’s stock worth $615,000 after acquiring an additional 77 shares in the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on CASY. Royal Bank of Canada raised their price target on Casey’s General Stores from $403.00 to $428.00 and gave the company a “sector perform” rating in a research note on Tuesday, December 10th. StockNews.com cut shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 13th. Gordon Haskett started coverage on shares of Casey’s General Stores in a research report on Monday, November 4th. They set a “hold” rating and a $400.00 price target on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective 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. Finally, Evercore ISI upped their target price on shares of Casey’s General Stores from $460.00 to $470.00 and gave the company an “outperform” rating in a report on Friday, December 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $424.00.

Casey’s General Stores Stock Down 1.9 %

Shares of CASY opened at $426.82 on Friday. The firm has a market cap of $15.84 billion, a P/E ratio of 29.74, a price-to-earnings-growth ratio of 2.40 and a beta of 0.83. 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 $275.27 and a 52 week high of $439.68. The firm’s 50-day simple moving average is $408.73 and its 200 day simple moving average is $393.39.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Monday, December 9th. The company reported $4.85 earnings per share for the quarter, topping analysts’ consensus estimates of $4.29 by $0.56. The company had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.03 billion. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the company earned $4.24 earnings per share. On average, analysts forecast that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date is Monday, February 3rd. Casey’s General Stores’s dividend payout ratio is currently 13.94%.

Insider Activity

In other Casey’s General Stores news, Director Mike Spanos purchased 500 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was bought at an average cost of $396.76 per share, for a total transaction of $198,380.00. Following the completion of the transaction, the director now owns 3,097 shares in the company, valued at approximately $1,228,765.72. This represents a 19.25 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, insider Katrina S. Lindsey sold 450 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $959,761.11. This trade represents a 16.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by company 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.