Alta Capital Management LLC reduced its position in shares of Casey’s General Stores Inc. (NASDAQ:CASY) by 12.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 157,276 shares of the company’s stock after selling 22,225 shares during the period. Alta Capital Management LLC owned approximately 0.40% of Casey’s General Stores worth $18,896,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of CASY. Vanguard Group Inc. increased its stake in shares of Casey’s General Stores by 0.3% in the second quarter. Vanguard Group Inc. now owns 3,155,845 shares of the company’s stock worth $415,025,000 after buying an additional 8,720 shares during the last quarter. Vontobel Asset Management Inc. increased its stake in shares of Casey’s General Stores by 281.7% in the third quarter. Vontobel Asset Management Inc. now owns 1,239,978 shares of the company’s stock worth $153,090,000 after buying an additional 915,147 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Casey’s General Stores by 145.7% in the second quarter. JPMorgan Chase & Co. now owns 1,000,438 shares of the company’s stock worth $131,568,000 after buying an additional 593,186 shares during the last quarter. Janus Capital Management LLC increased its stake in shares of Casey’s General Stores by 2.1% in the second quarter. Janus Capital Management LLC now owns 829,605 shares of the company’s stock worth $109,101,000 after buying an additional 17,129 shares during the last quarter. Finally, Aberdeen Asset Management PLC UK increased its stake in shares of Casey’s General Stores by 25.1% in the second quarter. Aberdeen Asset Management PLC UK now owns 515,110 shares of the company’s stock worth $67,742,000 after buying an additional 103,231 shares during the last quarter. 87.07% of the stock is owned by institutional investors.

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

Casey’s General Stores Inc. (NASDAQ:CASY) traded down 0.330% during trading on Monday, reaching $122.145. The company had a trading volume of 260,363 shares. Casey’s General Stores Inc. has a 52-week low of $98.80 and a 52-week high of $136.22. The company has a 50 day moving average price of $116.93 and a 200 day moving average price of $123.05. The company has a market capitalization of $4.79 billion, a PE ratio of 20.840 and a beta of 0.41.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Tuesday, September 6th. The company reported $1.70 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.81 by $0.11. Casey’s General Stores had a return on equity of 21.62% and a net margin of 3.29%. The company had revenue of $1.97 billion for the quarter. During the same quarter in the prior year, the business posted $1.57 EPS. The company’s revenue was down 3.8% on a year-over-year basis. On average, equities analysts forecast that Casey’s General Stores Inc. will post $5.58 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 1st were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend was Friday, October 28th. Casey’s General Stores’s dividend payout ratio (DPR) is currently 16.38%.

TRADEMARK VIOLATION NOTICE: This news story was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this news story on another website, it was stolen and reposted in violation of US & international trademark & copyright law. The original version of this news story can be accessed at https://www.thecerbatgem.com/2016/11/28/caseys-general-stores-inc-casy-shares-sold-by-alta-capital-management-llc.html.

CASY has been the subject of a number of research analyst reports. Wells Fargo & Co. reissued a “hold” rating on shares of Casey’s General Stores in a report on Thursday, September 8th. Deutsche Bank AG cut their price objective on Casey’s General Stores from $141.00 to $135.00 and set a “buy” rating on the stock in a report on Monday, September 12th. Royal Bank Of Canada boosted their price objective on Casey’s General Stores from $139.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, September 1st. Barclays PLC initiated coverage on Casey’s General Stores in a report on Thursday, September 22nd. They set an “equal weight” rating and a $116.00 price objective on the stock. Finally, Jefferies Group boosted their price objective on Casey’s General Stores from $113.00 to $137.00 and gave the stock a “hold” rating in a report on Monday, August 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $135.30.

In related news, Director Richard A. Wilkey bought 340 shares of Casey’s General Stores stock in a transaction on Wednesday, September 21st. The shares were purchased at an average price of $117.80 per share, for a total transaction of $40,052.00. Following the completion of the acquisition, the director now owns 15,000 shares in the company, valued at $1,767,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.30% of the company’s stock.

Casey’s General Stores Company Profile

Casey’s General Stores, Inc and its subsidiaries, operate convenience stores under the name Casey’s General Store in approximately 10 Midwestern states, in Iowa, Missouri, and Illinois. The Company also operates approximately two stores selling primarily tobacco products. The stores carry a range of food, including freshly prepared foods such as pizza, donuts, and sandwiches, beverages, tobacco products, health and beauty aids, automotive products and other nonfood items.

5 Day Chart for NASDAQ:CASY

Receive News & Stock Ratings for Casey's General Stores Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Casey's General Stores Inc. and related stocks with our FREE daily email newsletter.