Prudential Financial Inc. Sells 1,520 Shares of Casey’s General Stores Inc (CASY)

Prudential Financial Inc. reduced its holdings in shares of Casey’s General Stores Inc (NASDAQ:CASY) by 6.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,973 shares of the company’s stock after selling 1,520 shares during the period. Prudential Financial Inc. owned about 0.06% of Casey’s General Stores worth $2,816,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Enlightenment Research LLC purchased a new stake in shares of Casey’s General Stores in the 4th quarter valued at approximately $26,000. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Casey’s General Stores in the 4th quarter valued at approximately $150,000. Ibex Investors LLC purchased a new stake in shares of Casey’s General Stores in the 3rd quarter valued at approximately $206,000. MML Investors Services LLC purchased a new stake in shares of Casey’s General Stores in the 3rd quarter valued at approximately $215,000. Finally, Quantamental Technologies LLC purchased a new stake in shares of Casey’s General Stores in the 4th quarter valued at approximately $265,000. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

In related news, VP William J. Walljasper sold 4,300 shares of the stock in a transaction on Monday, January 7th. The shares were sold at an average price of $128.44, for a total transaction of $552,292.00. Following the completion of the sale, the vice president now owns 26,165 shares in the company, valued at approximately $3,360,632.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Terry W. Handley sold 5,000 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $130.05, for a total transaction of $650,250.00. Following the sale, the insider now owns 36,945 shares of the company’s stock, valued at approximately $4,804,697.25. The disclosure for this sale can be found here. Company insiders own 0.72% of the company’s stock.

A number of brokerages have commented on CASY. BMO Capital Markets set a $130.00 price objective on shares of Casey’s General Stores and gave the company a “hold” rating in a research report on Thursday, December 13th. Barclays increased their price objective on shares of Casey’s General Stores from $107.00 to $123.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 12th. Sidoti set a $138.00 price objective on shares of Casey’s General Stores and gave the company a “hold” rating in a research report on Friday, February 15th. BidaskClub raised shares of Casey’s General Stores from a “sell” rating to a “hold” rating in a research report on Wednesday, February 20th. Finally, Gabelli reissued a “buy” rating on shares of Casey’s General Stores in a research report on Wednesday, December 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. Casey’s General Stores currently has a consensus rating of “Hold” and a consensus target price of $133.20.

NASDAQ CASY opened at $127.67 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.26 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $4.68 billion, a P/E ratio of 33.51, a P/E/G ratio of 2.71 and a beta of 0.46. Casey’s General Stores Inc has a 12 month low of $90.42 and a 12 month high of $138.45.

Casey’s General Stores (NASDAQ:CASY) last posted its earnings results on Monday, March 11th. The company reported $1.13 EPS for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.18. The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.20 billion. Casey’s General Stores had a net margin of 2.14% and a return on equity of 14.89%. On average, research analysts forecast that Casey’s General Stores Inc will post 5.08 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Tuesday, April 30th. Casey’s General Stores’s dividend payout ratio (DPR) is 30.45%.

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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. 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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