Clifford Swan Investment Counsel LLC lowered its holdings in Casey’s General Stores (NASDAQ:CASY) by 4.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,350 shares of the company’s stock after selling 575 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in Casey’s General Stores were worth $1,246,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Prime Capital Investment Advisors LLC purchased a new stake in shares of Casey’s General Stores in the fourth quarter valued at $105,000. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Casey’s General Stores in the fourth quarter valued at $133,000. Aristotle Atlantic Partners LLC purchased a new stake in shares of Casey’s General Stores in the fourth quarter valued at $204,000. Franklin Resources Inc. purchased a new stake in shares of Casey’s General Stores in the fourth quarter valued at $222,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Casey’s General Stores by 37.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,450 shares of the company’s stock valued at $274,000 after purchasing an additional 671 shares during the period. 96.59% of the stock is owned by institutional investors and hedge funds.
Shares of Casey’s General Stores stock opened at $101.23 on Friday. The firm has a market capitalization of $3.81 billion, a P/E ratio of 25.50, a PEG ratio of 1.67 and a beta of 0.61. Casey’s General Stores has a twelve month low of $100.67 and a twelve month high of $101.13. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.48 and a current ratio of 1.03.
Casey’s General Stores declared that its Board of Directors has approved a share buyback program on Wednesday, March 7th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 15th. Shareholders of record on Tuesday, May 1st were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend was Monday, April 30th. Casey’s General Stores’s dividend payout ratio is presently 23.21%.
In other Casey’s General Stores news, VP William J. Walljasper sold 1,000 shares of the business’s stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $108.85, for a total transaction of $108,850.00. Following the transaction, the vice president now owns 21,452 shares in the company, valued at $2,335,050.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director David K. Lenhardt acquired 2,300 shares of Casey’s General Stores stock in a transaction on Tuesday, March 13th. The shares were bought at an average price of $111.24 per share, for a total transaction of $255,852.00. Following the purchase, the director now owns 2,300 shares of the company’s stock, valued at $255,852. The disclosure for this purchase can be found here. Insiders own 1.30% of the company’s stock.
CASY has been the topic of a number of research analyst reports. BidaskClub cut Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Thursday, April 12th. Goldman Sachs initiated coverage on Casey’s General Stores in a report on Thursday, April 5th. They issued a “neutral” rating and a $106.00 target price on the stock. ValuEngine cut Casey’s General Stores from a “hold” rating to a “sell” rating in a report on Wednesday, April 18th. Gabelli initiated coverage on Casey’s General Stores in a report on Friday, February 16th. They issued a “buy” rating and a $162.00 target price on the stock. Finally, Zacks Investment Research upgraded Casey’s General Stores from a “sell” rating to a “hold” rating in a report on Tuesday, February 13th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $122.91.
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. 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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