Charles Schwab Investment Management Inc. Buys 702 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Charles Schwab Investment Management Inc. increased its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 0.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 273,332 shares of the company’s stock after buying an additional 702 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.74% of Casey’s General Stores worth $102,694,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Park Place Capital Corp bought a new stake in Casey’s General Stores during the second quarter worth $31,000. Advisors Asset Management Inc. bought a new position in Casey’s General Stores in the 1st quarter valued at $32,000. Innealta Capital LLC bought a new position in Casey’s General Stores in the 2nd quarter valued at $32,000. Bank & Trust Co bought a new position in Casey’s General Stores in the 2nd quarter valued at $40,000. Finally, Venturi Wealth Management LLC grew its stake in Casey’s General Stores by 941.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock valued at $47,000 after purchasing an additional 113 shares during the period. Institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Stock Performance

Shares of CASY opened at $426.49 on Wednesday. The stock’s 50-day simple moving average is $391.26 and its 200 day simple moving average is $373.78. The stock has a market capitalization of $15.83 billion, a price-to-earnings ratio of 31.04 and a beta of 0.79. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.44 and a current ratio of 0.84. Casey’s General Stores, Inc. has a 52-week low of $266.56 and a 52-week high of $435.60.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Wednesday, September 4th. The company reported $4.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.54 by $0.29. The business had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.15 billion. Casey’s General Stores had a return on equity of 17.07% and a net margin of 3.40%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.52 EPS. Research analysts forecast that Casey’s General Stores, Inc. will post 14.22 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.00 annualized dividend and a dividend yield of 0.47%. Casey’s General Stores’s payout ratio is currently 14.56%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CASY shares. JPMorgan Chase & Co. downgraded Casey’s General Stores from a “neutral” rating to an “underweight” rating and upped their price objective for the company from $300.00 to $337.00 in a research note on Thursday, September 19th. Melius Research started coverage on Casey’s General Stores in a research note on Monday, September 23rd. They issued a “buy” rating and a $435.00 price objective for the company. StockNews.com downgraded Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 3rd. Benchmark reaffirmed a “buy” rating and set a $410.00 price target on shares of Casey’s General Stores in a research report on Tuesday, September 10th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Casey’s General Stores from $451.00 to $454.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $408.25.

Insider Buying and Selling at Casey’s General Stores

In other Casey’s General Stores news, Director Mike Spanos purchased 267 shares of the stock in a transaction on Wednesday, September 18th. The shares were purchased at an average price of $376.18 per share, with a total value of $100,440.06. Following the acquisition, the director now directly owns 2,594 shares in the company, valued at approximately $975,810.92. The trade was a 11.47 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas P. Brennan, Jr. sold 3,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $380.24, for a total value of $1,140,720.00. Following the completion of the sale, the insider now directly owns 9,044 shares in the company, valued at approximately $3,438,890.56. The trade was a 24.91 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.56% of the company’s stock.

About Casey’s General Stores

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.