ProShare Advisors LLC increased its stake in Casey’s General Stores, Inc. (NASDAQ:CASY – Get Rating) by 17.5% in the third quarter, according to a recent disclosure to the SEC. The fund owned 132,936 shares of the company after he purchased an additional 19,809 shares during the period. ProShare Advisors LLC owned his 0.36% of Casey’s General Stores worth $26,923,000 at the end of the most recent reporting period.
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Several other large investors have also changed positions in CASY. American Century Companies Inc. raised his stake in Casey’s General Stores by 16.2% in the first quarter. American Century Companies Inc. now owns 12,483 shares worth $2,474,000 after acquiring an additional 1,736 shares during this period. Private Advisor Group LLC raised his stake in Casey’s General Stores by 13.5% in the first quarter. Private Advisor Group LLC now owns 2,478 of his shares worth $491,000 after acquiring an additional 294 shares during this period. PNC Financial Services Group Inc. increased its stake in Casey’s General Stores by 3.2% in the first quarter. PNC Financial Services Group Inc. now owns 1,736 shares worth $344,000 after acquiring an additional 54 shares during this period. Great West Life Assurance Co. Can increased its stake in Casey’s General Stores by 9.8% in the first quarter. After acquiring an additional 1,880 shares during this period, Great West Life Assurance Co. now owns 21,127 shares of the company stock valued at $4,311,000. Finally, Yousif Capital Management LLC increased its stake in Casey’s General Stores by 1.9% in the first quarter. Yousif Capital Management LLC now owns 15,024 shares of the company stock valued at $2,977,000 after acquiring an additional 273 shares during this period. Institutional investors and hedge funds own 84.74% of the company’s shares.
Casey’s General Stores Inventory Down 0.0 %
NASDAQ:CASY opened Friday at $230.64. The company has a debt to equity ratio of 0.65, a quick ratio of 0.65 and a current ratio of 1.08. The company has a market capitalization of $8.59 billion, a PE ratio of 20.83 and a beta of 0.82. Casey’s General Stores, Inc. has a 52-week low of $170.82 and a 52-week high of $249.90. The stock has a 50-day simple moving average of $232.68 and a 200-day simple moving average of $219.54.
Casey’s General Stores (NASDAQ:CASY – Get Rating) last released its quarterly earnings data on Tuesday, Dec. 6. The company reported his earnings per share (EPS) of $3.67 for the quarter, $0.40 above analyst consensus expectations of $3.27. The business reported revenue of $3.98 billion for the quarter, compared to consensus expectations of $4.15 billion. Casey’s General Stores had a return on equity of 17.78% and a net profit margin of 2.77%. On average, sell-side analysts expect Casey’s General Stores, Inc. to post his 10.77 EPS for the current financial year.
Casey’s General Stores Dividend Notice
The company recently announced a quarterly dividend payable on Wednesday, February 15th. Dividends of $0.38 per share will be issued to investors of record on Wednesday, February 1. The ex-dividend date for this dividend is Tuesday, January 31. This represents his $1.52 dividend and his 0.66% dividend yield on an annual basis. Casey’s General Stores currently has a payout percentage of 13.73%.
Wall Street analyst opinion
Several research firms are affiliated with CASY. Northcoast Research downgraded Casey’s General Stores from “buy” to “neutral” in its research notes on Thursday, Dec. 8. StockNews.com upgraded Casey’s General Stores from a “buy” rating to a “strong buy” rating in its research notes on Thursday, December 15th. Royal Bank of Canada raised its price target for Casey’s General Stores from $256.00 to $263.00, giving the company a ‘Sector Perform’ rating in its research notes on Wednesday, December 7. Credit Suisse Group began covering Casey’s General Stores in a research note on Monday, December 19th. They issued a “neutral” rating and a price target of $254.00. Finally, Stephens raised his Casey’s General Stores target price from his $265.00 to his $280.00, giving the company an “Overweight” rating in a research note on Thursday, Dec. 8. Three equity research analysts have assigned a Hold rating to the stock, six issued a Buy rating, and one issued a Strong Buy rating. According to MarketBeat.com, the company’s current average rating is “moderate buy” with an average price target of $263.88.
About Casey’s General Stores
Casey’s General Stores, Inc is engaged in the management and operation of convenience stores and gas stations. We offer self-service petrol, a wide selection of groceries, and freshly prepared groceries. The company offers food, beverages, tobacco products, health and beauty supplements, automotive products, and other non-food products.
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