Casey’s General Stores, Inc. $CASY Holdings Decreased by Clifford Swan Investment Counsel LLC

Clifford Swan Investment Counsel LLC trimmed its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 1.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,649 shares of the company’s stock after selling 71 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in Casey’s General Stores were worth $3,393,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Wellington Management Group LLP increased its holdings in shares of Casey’s General Stores by 190.6% in the 1st quarter. Wellington Management Group LLP now owns 1,244,311 shares of the company’s stock valued at $540,081,000 after purchasing an additional 816,110 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Casey’s General Stores by 42.0% during the first quarter. JPMorgan Chase & Co. now owns 1,036,426 shares of the company’s stock worth $449,851,000 after purchasing an additional 306,628 shares during the period. Raymond James Financial Inc. grew its position in Casey’s General Stores by 8.9% during the first quarter. Raymond James Financial Inc. now owns 649,815 shares of the company’s stock valued at $282,045,000 after purchasing an additional 52,939 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Casey’s General Stores by 51.5% in the 1st quarter. Bank of New York Mellon Corp now owns 515,603 shares of the company’s stock valued at $223,792,000 after buying an additional 175,372 shares during the period. Finally, Northern Trust Corp lifted its position in Casey’s General Stores by 0.6% in the 1st quarter. Northern Trust Corp now owns 334,445 shares of the company’s stock worth $145,163,000 after buying an additional 1,941 shares in the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Zacks Research upgraded shares of Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Evercore ISI upped their target price on Casey’s General Stores from $580.00 to $585.00 and gave the stock an “outperform” rating in a research report on Tuesday. Wells Fargo & Company began coverage on Casey’s General Stores in a report on Wednesday, October 15th. They set an “overweight” rating and a $610.00 price target for the company. KeyCorp increased their price objective on Casey’s General Stores from $550.00 to $575.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Casey’s General Stores in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Casey’s General Stores has a consensus rating of “Moderate Buy” and a consensus price target of $536.60.

Casey’s General Stores Stock Down 0.5%

Shares of Casey’s General Stores stock opened at $545.15 on Thursday. Casey’s General Stores, Inc. has a 12-month low of $372.08 and a 12-month high of $572.18. The company has a quick ratio of 0.61, a current ratio of 1.03 and a debt-to-equity ratio of 0.65. The stock has a 50 day moving average price of $536.22 and a two-hundred day moving average price of $500.17. The stock has a market capitalization of $20.27 billion, a P/E ratio of 34.99 and a beta of 0.68.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Monday, September 8th. The company reported $5.77 earnings per share for the quarter, topping analysts’ consensus estimates of $5.02 by $0.75. Casey’s General Stores had a net margin of 3.54% and a return on equity of 16.73%. The business had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.47 billion. During the same period in the previous year, the company earned $4.83 earnings per share. Casey’s General Stores’s revenue for the quarter was up 11.5% on a year-over-year basis. Equities analysts expect that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Saturday, November 1st will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, October 31st. Casey’s General Stores’s dividend payout ratio (DPR) is currently 14.63%.

Insider Activity at Casey’s General Stores

In related news, insider Chad Michael Frazell sold 3,487 shares of the stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $555.40, for a total transaction of $1,936,679.80. Following the completion of the sale, the insider owned 7,993 shares in the company, valued at $4,439,312.20. This represents a 30.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.54% of the company’s stock.

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.