Oppenheimer Asset Management Inc. trimmed its stake in Casey’s General Stores Inc (NASDAQ:CASY) by 5.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,645 shares of the company’s stock after selling 91 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Casey’s General Stores were worth $257,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Trexquant Investment LP acquired a new position in shares of Casey’s General Stores in the 2nd quarter worth $3,722,000. Atria Investments LLC acquired a new position in shares of Casey’s General Stores in the 2nd quarter worth $420,000. Russell Investments Group Ltd. grew its holdings in shares of Casey’s General Stores by 6.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 86,661 shares of the company’s stock worth $13,518,000 after acquiring an additional 5,231 shares during the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Casey’s General Stores in the 2nd quarter worth $2,527,000. Finally, Cim Investment Mangement Inc. acquired a new position in shares of Casey’s General Stores in the 2nd quarter worth $269,000. Institutional investors and hedge funds own 87.60% of the company’s stock.

A number of equities analysts recently issued reports on the company. Stephens lifted their target price on Casey’s General Stores from $181.00 to $197.00 and gave the stock an “overweight” rating in a report on Wednesday. Barclays lifted their target price on Casey’s General Stores from $140.00 to $170.00 and gave the stock an “equal weight” rating in a report on Wednesday. Jefferies Financial Group set a $192.00 target price on Casey’s General Stores and gave the stock a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. lifted their target price on Casey’s General Stores from $152.00 to $169.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Gabelli cut Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $172.00.

In related news, SVP Brian Joseph Johnson sold 4,000 shares of Casey’s General Stores stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $156.48, for a total transaction of $625,920.00. Following the completion of the sale, the senior vice president now owns 14,817 shares of the company’s stock, valued at $2,318,564.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director H Lynn Horak sold 3,000 shares of Casey’s General Stores stock in a transaction on Friday, June 21st. The shares were sold at an average price of $154.55, for a total value of $463,650.00. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.

Shares of Casey’s General Stores stock traded up $1.10 during midday trading on Friday, hitting $170.90. The company’s stock had a trading volume of 3,219 shares, compared to its average volume of 388,886. The firm has a market capitalization of $6.34 billion, a P/E ratio of 30.97, a PEG ratio of 3.24 and a beta of 0.55. The stock has a 50-day simple moving average of $167.08 and a 200-day simple moving average of $145.70. The company has a quick ratio of 0.23, a current ratio of 0.76 and a debt-to-equity ratio of 0.88. Casey’s General Stores Inc has a 1-year low of $116.23 and a 1-year high of $173.31.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Monday, September 9th. The company reported $2.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.03 by $0.28. The business had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Casey’s General Stores had a return on equity of 15.55% and a net margin of 2.34%. Casey’s General Stores’s revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.90 earnings per share. As a group, sell-side analysts predict that Casey’s General Stores Inc will post 6.04 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a $0.32 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.28 annualized dividend and a dividend yield of 0.75%. Casey’s General Stores’s dividend payout ratio (DPR) is presently 23.23%.

Casey’s General Stores Company Profile

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. The company's stores offer a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; beverage and tobacco products; health and beauty aids; automotive products; school supplies, housewares, and pet supplies; and other nonfood items.

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Institutional Ownership by Quarter for Casey`s General Stores (NASDAQ:CASY)

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