Corebridge Financial Inc. Sells 1,889 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Corebridge Financial Inc. lessened its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 4.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,071 shares of the company’s stock after selling 1,889 shares during the period. Corebridge Financial Inc.’s holdings in Casey’s General Stores were worth $16,670,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Soros Capital Management LLC increased its position in shares of Casey’s General Stores by 1,825.6% in the third quarter. Soros Capital Management LLC now owns 27,632 shares of the company’s stock worth $10,382,000 after purchasing an additional 26,197 shares during the period. Sanctuary Advisors LLC grew its stake in Casey’s General Stores by 55.6% during the fourth quarter. Sanctuary Advisors LLC now owns 8,579 shares of the company’s stock worth $3,629,000 after buying an additional 3,065 shares in the last quarter. JLB & Associates Inc. increased its holdings in Casey’s General Stores by 1.8% in the 4th quarter. JLB & Associates Inc. now owns 43,029 shares of the company’s stock valued at $17,049,000 after buying an additional 749 shares during the period. South Dakota Investment Council raised its position in shares of Casey’s General Stores by 28.0% in the 4th quarter. South Dakota Investment Council now owns 10,065 shares of the company’s stock valued at $3,988,000 after buying an additional 2,200 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of Casey’s General Stores during the 4th quarter worth approximately $45,224,000. 85.63% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Casey’s General Stores

In other news, Director Mike Spanos purchased 256 shares of the stock in a transaction on Thursday, March 13th. The stock was purchased at an average price of $390.54 per share, for a total transaction of $99,978.24. Following the acquisition, the director now owns 3,356 shares in the company, valued at $1,310,652.24. This trade represents a 8.26 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.56% of the stock is owned by corporate insiders.

Casey’s General Stores Stock Up 2.1 %

NASDAQ:CASY opened at $412.50 on Tuesday. Casey’s General Stores, Inc. has a one year low of $306.45 and a one year high of $445.17. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. The company has a market cap of $15.31 billion, a PE ratio of 28.75, a P/E/G ratio of 2.40 and a beta of 0.87. The firm’s 50 day simple moving average is $410.60 and its 200 day simple moving average is $401.67.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.57. The company had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.74 billion. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. Casey’s General Stores’s revenue was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.33 earnings per share. On average, research analysts anticipate that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a $0.50 dividend. The ex-dividend date is Thursday, May 1st. This represents a $2.00 annualized dividend and a dividend yield of 0.48%. Casey’s General Stores’s payout ratio is 13.94%.

Analyst Upgrades and Downgrades

CASY has been the topic of a number of recent analyst reports. Evercore ISI decreased their price objective on shares of Casey’s General Stores from $460.00 to $450.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th. StockNews.com lowered Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th. BMO Capital Markets restated a “market perform” rating and set a $450.00 price objective (up from $400.00) on shares of Casey’s General Stores in a research report on Wednesday, December 18th. Gordon Haskett upgraded Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Finally, Royal Bank of Canada set a $438.00 target price on shares of Casey’s General Stores and gave the stock a “sector perform” rating in a report on Wednesday, March 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $423.09.

Casey’s General Stores 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.