Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lessened its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 0.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,874 shares of the company’s stock after selling 36 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Casey’s General Stores were worth $2,583,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Janus Henderson Group PLC grew its stake in shares of Casey’s General Stores by 1.4% during the 1st quarter. Janus Henderson Group PLC now owns 768,060 shares of the company’s stock worth $244,592,000 after purchasing an additional 10,841 shares during the period. Dimensional Fund Advisors LP grew its position in Casey’s General Stores by 3.2% during the second quarter. Dimensional Fund Advisors LP now owns 468,650 shares of the company’s stock worth $178,822,000 after buying an additional 14,750 shares during the period. Envestnet Asset Management Inc. increased its holdings in Casey’s General Stores by 20.4% in the second quarter. Envestnet Asset Management Inc. now owns 458,044 shares of the company’s stock valued at $174,771,000 after buying an additional 77,515 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Casey’s General Stores in the third quarter valued at about $959,880,000. Finally, Raymond James & Associates lifted its position in shares of Casey’s General Stores by 2.9% during the 3rd quarter. Raymond James & Associates now owns 219,462 shares of the company’s stock valued at $82,454,000 after acquiring an additional 6,170 shares during the period. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Insiders Place Their Bets

In other news, Director Mike Spanos purchased 267 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was bought at an average cost of $376.18 per share, for a total transaction of $100,440.06. Following the completion of the purchase, the director now directly owns 2,594 shares of the company’s stock, valued at $975,810.92. The trade was a 11.47 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 value of $1,140,720.00. Following the completion of the transaction, the insider now directly owns 9,044 shares in the company, valued at $3,438,890.56. This represents a 24.91 % 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 insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. downgraded Casey’s General Stores from a “neutral” rating to an “underweight” rating and raised their price objective for the company from $300.00 to $337.00 in a research note on Thursday, September 19th. StockNews.com downgraded Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 3rd. Wells Fargo & Company boosted their price objective on shares of Casey’s General Stores from $415.00 to $425.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Benchmark restated a “buy” rating and set a $410.00 target price on shares of Casey’s General Stores in a report on Tuesday, September 10th. Finally, Gordon Haskett began coverage on shares of Casey’s General Stores in a report on Monday, November 4th. They issued a “hold” rating and a $400.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Casey’s General Stores currently has an average rating of “Moderate Buy” and a consensus target price of $408.25.

Casey’s General Stores Trading Down 1.1 %

Shares of Casey’s General Stores stock opened at $401.40 on Friday. The firm has a market cap of $14.90 billion, a PE ratio of 29.21 and a beta of 0.79. The company has a quick ratio of 0.44, a current ratio of 0.84 and a debt-to-equity ratio of 0.44. Casey’s General Stores, Inc. has a fifty-two week low of $266.56 and a fifty-two week high of $420.27. The business’s fifty day moving average is $386.44 and its two-hundred day moving average is $369.51.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Wednesday, September 4th. The company reported $4.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.54 by $0.29. Casey’s General Stores had a return on equity of 17.07% and a net margin of 3.40%. The firm had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same period last year, the company earned $4.52 EPS. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. Analysts anticipate that Casey’s General Stores, Inc. will post 14.24 earnings per share for the current year.

Casey’s General Stores Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.50%. The ex-dividend date was Friday, November 1st. Casey’s General Stores’s dividend payout ratio (DPR) is 14.56%.

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.