Casey’s General Stores, Inc. (NASDAQ:CASY) Stock Holdings Lowered by Wells Fargo & Company MN

Wells Fargo & Company MN lowered its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 30.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 150,050 shares of the company’s stock after selling 65,443 shares during the period. Wells Fargo & Company MN owned 0.41% of Casey’s General Stores worth $26,656,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its position in shares of Casey’s General Stores by 41.7% during the third quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 510 shares of the company’s stock worth $90,000 after acquiring an additional 150 shares during the last quarter. Private Advisor Group LLC bought a new position in Casey’s General Stores in the 2nd quarter valued at about $149,000. Point72 Hong Kong Ltd bought a new position in Casey’s General Stores in the 2nd quarter valued at about $171,000. IBM Retirement Fund bought a new position in Casey’s General Stores in the 3rd quarter valued at about $212,000. Finally, DAVENPORT & Co LLC bought a new position in Casey’s General Stores in the 3rd quarter valued at about $218,000. Institutional investors and hedge funds own 83.47% of the company’s stock.

CASY stock opened at $179.00 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.60 and a debt-to-equity ratio of 0.73. Casey’s General Stores, Inc. has a one year low of $114.01 and a one year high of $196.57. The firm has a market capitalization of $6.61 billion, a PE ratio of 22.29 and a beta of 0.89. The firm has a 50-day moving average of $181.85 and a two-hundred day moving average of $167.57.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Tuesday, September 8th. The company reported $3.24 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $1.18. Casey’s General Stores had a net margin of 3.45% and a return on equity of 18.25%. The company had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same period in the prior year, the firm earned $2.31 earnings per share. The business’s quarterly revenue was down 19.9% on a year-over-year basis. On average, equities research analysts anticipate that Casey’s General Stores, Inc. will post 7.79 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 16th. Shareholders of record on Monday, November 2nd were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date was Friday, October 30th. Casey’s General Stores’s dividend payout ratio is presently 18.03%.

A number of equities analysts recently issued reports on the stock. BMO Capital Markets increased their target price on shares of Casey’s General Stores from $165.00 to $170.00 and gave the company a “market perform” rating in a research report on Thursday, September 10th. They noted that the move was a valuation call. Sidoti increased their target price on shares of Casey’s General Stores from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, October 15th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Casey’s General Stores from $195.00 to $218.00 and gave the company a “buy” rating in a research report on Tuesday, November 10th. Zacks Investment Research downgraded shares of Casey’s General Stores from a “strong-buy” rating to a “hold” rating and set a $185.00 price target for the company. in a report on Wednesday, November 4th. Finally, Jefferies Financial Group assumed coverage on shares of Casey’s General Stores in a report on Friday. They issued a “buy” rating and a $246.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $199.20.

Casey’s General Stores Profile

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; beverages, tobacco, and nicotine products; health and beauty aids; automotive products; and other nonfood items.

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Institutional Ownership by Quarter for Casey`s General Stores (NASDAQ:CASY)

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