Truist Financial Corp Cuts Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

Truist Financial Corp lessened its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 14.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 45,220 shares of the company’s stock after selling 7,696 shares during the quarter. Truist Financial Corp’s holdings in Casey’s General Stores were worth $12,424,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. LexAurum Advisors LLC grew its holdings in shares of Casey’s General Stores by 3.1% during the fourth quarter. LexAurum Advisors LLC now owns 1,317 shares of the company’s stock valued at $362,000 after buying an additional 40 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Casey’s General Stores by 12.8% during the third quarter. Signaturefd LLC now owns 387 shares of the company’s stock valued at $105,000 after buying an additional 44 shares during the last quarter. Savant Capital LLC grew its holdings in shares of Casey’s General Stores by 5.0% during the third quarter. Savant Capital LLC now owns 974 shares of the company’s stock valued at $264,000 after buying an additional 46 shares during the last quarter. Raymond James Trust N.A. grew its holdings in shares of Casey’s General Stores by 5.0% during the fourth quarter. Raymond James Trust N.A. now owns 1,034 shares of the company’s stock valued at $284,000 after buying an additional 49 shares during the last quarter. Finally, Portside Wealth Group LLC grew its holdings in shares of Casey’s General Stores by 4.7% during the third quarter. Portside Wealth Group LLC now owns 1,155 shares of the company’s stock valued at $315,000 after buying an additional 52 shares during the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Wall Street Analyst Weigh In

CASY has been the topic of a number of research analyst reports. Evercore ISI lowered their price objective on shares of Casey’s General Stores from $350.00 to $345.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. Benchmark restated a “buy” rating and set a $312.00 price objective on shares of Casey’s General Stores in a research report on Wednesday, March 6th. Wells Fargo & Company increased their price objective on shares of Casey’s General Stores from $305.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, March 5th. BMO Capital Markets increased their price objective on shares of Casey’s General Stores from $290.00 to $305.00 and gave the company a “market perform” rating in a research report on Wednesday, March 13th. Finally, StockNews.com downgraded shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 21st. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $312.63.

Casey’s General Stores Stock Down 0.3 %

CASY opened at $318.66 on Thursday. The company has a current ratio of 0.89, a quick ratio of 0.42 and a debt-to-equity ratio of 0.54. Casey’s General Stores, Inc. has a 1-year low of $212.50 and a 1-year high of $324.40. The company has a market capitalization of $11.80 billion, a PE ratio of 25.33, a PEG ratio of 2.59 and a beta of 0.83. The firm’s 50 day simple moving average is $309.33 and its two-hundred day simple moving average is $288.56.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Tuesday, March 12th. The company reported $2.33 EPS for the quarter, beating the consensus estimate of $2.20 by $0.13. The firm had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.51 billion. Casey’s General Stores had a net margin of 3.23% and a return on equity of 16.70%. The company’s revenue was down .1% on a year-over-year basis. During the same period last year, the firm earned $2.36 EPS. As a group, equities analysts forecast that Casey’s General Stores, Inc. will post 12.81 EPS for the current year.

Casey’s General Stores Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.72 annualized dividend and a dividend yield of 0.54%. Casey’s General Stores’s payout ratio is 13.67%.

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.