Fortem Financial Group LLC Sells 1,376 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Fortem Financial Group LLC lessened its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 30.2% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,182 shares of the company’s stock after selling 1,376 shares during the period. Fortem Financial Group LLC’s holdings in Casey’s General Stores were worth $1,196,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. FMR LLC boosted its position in shares of Casey’s General Stores by 3.8% during the 3rd quarter. FMR LLC now owns 1,046,830 shares of the company’s stock valued at $393,305,000 after acquiring an additional 38,226 shares during the last quarter. Geode Capital Management LLC grew its stake in Casey’s General Stores by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 655,488 shares of the company’s stock worth $246,335,000 after buying an additional 8,428 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Casey’s General Stores by 3.2% in the 2nd 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 last quarter. Envestnet Asset Management Inc. raised its position in shares of Casey’s General Stores by 20.4% during the 2nd 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. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Casey’s General Stores by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 273,332 shares of the company’s stock worth $102,694,000 after acquiring an additional 702 shares during the last quarter. Institutional investors own 85.63% of the company’s stock.

Analyst Ratings Changes

CASY has been the topic of several recent research reports. Royal Bank of Canada increased their price objective on Casey’s General Stores from $403.00 to $428.00 and gave the company a “sector perform” rating in a research report on Tuesday. JPMorgan Chase & Co. cut shares of Casey’s General Stores from a “neutral” rating to an “underweight” rating and upped their price objective for the company from $300.00 to $337.00 in a research note on Thursday, September 19th. Evercore ISI lifted their target price on shares of Casey’s General Stores from $435.00 to $440.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Gordon Haskett began coverage on shares of Casey’s General Stores in a research report on Monday, November 4th. They set a “hold” rating and a $400.00 price target for the company. Finally, Melius Research began coverage on Casey’s General Stores in a report on Monday, September 23rd. They issued a “buy” rating and a $435.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $410.33.

Insider Transactions at Casey’s General Stores

In related news, Director Mike Spanos acquired 267 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was purchased at an average cost of $376.18 per share, with a total value of $100,440.06. Following the completion of the acquisition, the director now directly owns 2,594 shares of the company’s stock, valued at approximately $975,810.92. This trade represents a 11.47 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.56% of the stock is owned by insiders.

Casey’s General Stores Trading Down 0.3 %

Shares of NASDAQ CASY opened at $416.86 on Wednesday. The stock has a market cap of $15.47 billion, a P/E ratio of 30.34 and a beta of 0.80. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.84 and a quick ratio of 0.44. Casey’s General Stores, Inc. has a 1 year low of $266.56 and a 1 year high of $435.60. The firm has a 50-day moving average of $401.61 and a 200 day moving average of $380.19.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Monday, December 9th. The company reported $4.85 EPS for the quarter, topping analysts’ consensus estimates of $4.29 by $0.56. Casey’s General Stores had a return on equity of 17.07% and a net margin of 3.40%. The firm had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $4.03 billion. During the same period in the previous year, the firm posted $4.24 EPS. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. As a group, sell-side analysts expect that Casey’s General Stores, Inc. will post 14.22 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend is Monday, February 3rd. Casey’s General Stores’s dividend payout ratio is presently 14.56%.

Casey’s General Stores Company Profile

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.