Dividend Assets Capital LLC Sells 72 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Dividend Assets Capital LLC cut its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 1.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,813 shares of the company’s stock after selling 72 shares during the period. Dividend Assets Capital LLC’s holdings in Casey’s General Stores were worth $2,700,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of CASY. Private Trust Co. NA raised its holdings in Casey’s General Stores by 1.3% during the 3rd quarter. Private Trust Co. NA now owns 2,072 shares of the company’s stock worth $778,000 after purchasing an additional 27 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Casey’s General Stores by 24.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock valued at $59,000 after purchasing an additional 29 shares during the last quarter. Verus Capital Partners LLC grew its position in shares of Casey’s General Stores by 3.1% during the 3rd quarter. Verus Capital Partners LLC now owns 991 shares of the company’s stock worth $372,000 after buying an additional 30 shares during the period. Laidlaw Wealth Management LLC raised its stake in shares of Casey’s General Stores by 3.1% during the fourth quarter. Laidlaw Wealth Management LLC now owns 1,063 shares of the company’s stock worth $421,000 after buying an additional 32 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in Casey’s General Stores by 3.3% in the third quarter. CIBC Asset Management Inc now owns 1,078 shares of the company’s stock valued at $405,000 after buying an additional 34 shares during the period. Institutional investors own 85.63% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on CASY. Gordon Haskett raised shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Evercore ISI raised their price target on Casey’s General Stores from $460.00 to $470.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Deutsche Bank Aktiengesellschaft upped their price objective on Casey’s General Stores from $451.00 to $454.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. StockNews.com upgraded Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $450.00 price target (up from $400.00) on shares of Casey’s General Stores in a research note on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $424.00.

Insider Transactions at Casey’s General Stores

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 450 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $427.13, for a total transaction of $192,208.50. Following the sale, the insider now directly owns 2,247 shares of the company’s stock, valued at $959,761.11. The trade was a 16.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Mike Spanos acquired 500 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was bought at an average price of $396.76 per share, with a total value of $198,380.00. Following the acquisition, the director now directly owns 3,097 shares in the company, valued at $1,228,765.72. This represents a 19.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.56% of the company’s stock.

Casey’s General Stores Trading Down 3.6 %

CASY opened at $405.59 on Friday. The stock has a market capitalization of $15.05 billion, a P/E ratio of 28.26, a P/E/G ratio of 2.43 and a beta of 0.83. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74. Casey’s General Stores, Inc. has a 12 month low of $288.11 and a 12 month high of $445.17. The firm’s fifty day simple moving average is $410.12 and its 200 day simple moving average is $396.69.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Monday, December 9th. The company reported $4.85 EPS for the quarter, beating analysts’ consensus estimates of $4.29 by $0.56. The company had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.03 billion. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $4.24 earnings per share. As a group, research analysts anticipate that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, February 17th. Shareholders of record on Monday, February 3rd were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date was Monday, February 3rd. Casey’s General Stores’s dividend payout ratio (DPR) is currently 13.94%.

About Casey’s General Stores

Casey’s General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.