Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Sold by WealthPLAN Partners LLC

WealthPLAN Partners LLC lessened its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 32.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,389 shares of the company’s stock after selling 7,420 shares during the quarter. WealthPLAN Partners LLC’s holdings in Casey’s General Stores were worth $5,782,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CASY. Janus Henderson Group PLC boosted its position in Casey’s General Stores by 1.4% in the first quarter. Janus Henderson Group PLC now owns 768,060 shares of the company’s stock valued at $244,592,000 after buying an additional 10,841 shares during the last quarter. Dimensional Fund Advisors LP boosted 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 valued at $178,822,000 after acquiring an additional 14,750 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Casey’s General Stores by 20.4% in the second quarter. Envestnet Asset Management Inc. now owns 458,044 shares of the company’s stock worth $174,771,000 after acquiring an additional 77,515 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Casey’s General Stores in the third quarter worth $959,880,000. Finally, TD Asset Management Inc raised its holdings in shares of Casey’s General Stores by 2.5% during the first quarter. TD Asset Management Inc now owns 220,257 shares of the company’s stock worth $70,141,000 after purchasing an additional 5,296 shares during the last quarter. 85.63% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Darren M. Rebelez sold 13,500 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $374.54, for a total transaction of $5,056,290.00. Following the completion of the sale, the chief executive officer now owns 73,838 shares in the company, valued at $27,655,284.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Darren M. Rebelez sold 13,500 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $374.54, for a total transaction of $5,056,290.00. Following the completion of the transaction, the chief executive officer now directly owns 73,838 shares in the company, valued at approximately $27,655,284.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Thomas P. Brennan, Jr. sold 3,000 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $380.24, for a total transaction of $1,140,720.00. Following the completion of the sale, the insider now owns 9,044 shares in the company, valued at approximately $3,438,890.56. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is owned by company insiders.

Casey’s General Stores Trading Down 0.5 %

Shares of CASY stock opened at $410.97 on Tuesday. Casey’s General Stores, Inc. has a fifty-two week low of $266.56 and a fifty-two week high of $420.27. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.44 and a current ratio of 0.84. The stock’s fifty day moving average is $383.05 and its two-hundred day moving average is $367.39. The firm has a market capitalization of $15.26 billion, a P/E ratio of 29.91 and a beta of 0.79.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Wednesday, September 4th. The company reported $4.83 earnings per share for the quarter, topping analysts’ consensus estimates of $4.54 by $0.29. Casey’s General Stores had a net margin of 3.40% and a return on equity of 17.07%. The business had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same period last year, the company posted $4.52 EPS. The business’s revenue was up 5.9% on a year-over-year basis. Research analysts expect that Casey’s General Stores, Inc. will post 14.24 earnings per share for the current fiscal year.

Casey’s General Stores Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date is Friday, November 1st. Casey’s General Stores’s dividend payout ratio is currently 14.56%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CASY shares. StockNews.com downgraded Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 3rd. JPMorgan Chase & Co. lowered Casey’s General Stores from a “neutral” rating to an “underweight” rating and raised their target price for the stock from $300.00 to $337.00 in a report on Thursday, September 19th. Benchmark reissued a “buy” rating and issued a $410.00 price target on shares of Casey’s General Stores in a report on Tuesday, September 10th. Melius Research assumed coverage on shares of Casey’s General Stores in a research note on Monday, September 23rd. They set a “buy” rating and a $435.00 price objective on the stock. Finally, Gordon Haskett started coverage on shares of Casey’s General Stores in a report on Monday, November 4th. They set a “hold” rating and a $400.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $408.25.

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. 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.