Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Sold by Alliance Wealth Advisors LLC UT

Alliance Wealth Advisors LLC UT lessened its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 13.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,113 shares of the company’s stock after selling 170 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in Casey’s General Stores were worth $441,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Private Trust Co. NA lifted its holdings in Casey’s General Stores by 1.3% in the 3rd quarter. Private Trust Co. NA now owns 2,072 shares of the company’s stock valued at $778,000 after acquiring an additional 27 shares during the last quarter. V Square Quantitative Management LLC raised its holdings in shares of Casey’s General Stores by 22.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 158 shares of the company’s stock worth $59,000 after purchasing an additional 29 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Casey’s General Stores by 24.2% during the fourth 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 boosted its holdings in Casey’s General Stores by 3.1% during the third quarter. Verus Capital Partners LLC now owns 991 shares of the company’s stock worth $372,000 after buying an additional 30 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in Casey’s General Stores by 3.3% during the third quarter. CIBC Asset Management Inc now owns 1,078 shares of the company’s stock worth $405,000 after buying an additional 34 shares in the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Insiders Place Their Bets

In other Casey’s General Stores news, Director Mike Spanos purchased 500 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was bought at an average cost of $396.76 per share, for a total transaction of $198,380.00. Following the completion of 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Katrina S. Lindsey sold 450 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $427.13, for a total value of $192,208.50. Following the completion of the sale, the insider now directly owns 2,247 shares of the company’s stock, valued at $959,761.11. This represents a 16.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. BMO Capital Markets reiterated a “market perform” rating and set a $450.00 price objective (up previously from $400.00) on shares of Casey’s General Stores in a research report on Wednesday, December 18th. Evercore ISI upped their target price on Casey’s General Stores from $460.00 to $470.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Deutsche Bank Aktiengesellschaft lifted their price target on Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Royal Bank of Canada boosted their price objective on Casey’s General Stores from $403.00 to $428.00 and gave the stock a “sector perform” rating in a report on Tuesday, December 10th. Finally, StockNews.com downgraded shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $424.00.

Casey’s General Stores Trading Up 0.3 %

Casey’s General Stores stock opened at $420.99 on Wednesday. Casey’s General Stores, Inc. has a 12 month low of $269.50 and a 12 month high of $439.68. The company has a quick ratio of 0.49, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. The stock has a market cap of $15.63 billion, a P/E ratio of 29.34, a P/E/G ratio of 2.40 and a beta of 0.83. The company’s fifty day simple moving average is $408.16 and its 200-day simple moving average is $392.50.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Monday, December 9th. The company reported $4.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.29 by $0.56. The business had revenue of $3.95 billion during 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 firm’s revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the company earned $4.24 EPS. As a group, sell-side analysts forecast that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 17th. Investors of record on Monday, February 3rd will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend is Monday, February 3rd. Casey’s General Stores’s payout ratio is presently 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.