Smith Salley Wealth Management Has $11.80 Million Stock Holdings in Casey’s General Stores, Inc. (NASDAQ:CASY)

Smith Salley Wealth Management boosted its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 1.9% in the fourth quarter, Holdings Channel reports. The firm owned 29,783 shares of the company’s stock after purchasing an additional 548 shares during the period. Smith Salley Wealth Management’s holdings in Casey’s General Stores were worth $11,801,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Venturi Wealth Management LLC boosted its position in shares of Casey’s General Stores by 941.7% during the third quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock worth $47,000 after purchasing an additional 113 shares in the last quarter. V Square Quantitative Management LLC lifted its holdings in Casey’s General Stores by 22.5% during the third quarter. V Square Quantitative Management LLC now owns 158 shares of the company’s stock worth $59,000 after acquiring an additional 29 shares in the last quarter. Quarry LP acquired a new position in Casey’s General Stores in the second quarter valued at about $72,000. Kennebec Savings Bank bought a new stake in shares of Casey’s General Stores in the third quarter worth about $76,000. Finally, Peterson Financial Group Inc. bought a new stake in shares of Casey’s General Stores in the third quarter worth about $118,000. Institutional investors own 85.63% of the company’s stock.

Insider Buying and Selling

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

Casey’s General Stores Price Performance

Shares of NASDAQ CASY opened at $391.51 on Friday. The business has a fifty day moving average price of $408.49 and a two-hundred day moving average price of $389.02. The stock has a market capitalization of $14.53 billion, a PE ratio of 27.28, a P/E/G ratio of 2.20 and a beta of 0.82. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. Casey’s General Stores, Inc. has a fifty-two week low of $268.07 and a fifty-two week high of $439.68.

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

Casey’s General Stores Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.50 per share. The ex-dividend date is Monday, February 3rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.51%. Casey’s General Stores’s dividend payout ratio (DPR) is currently 13.94%.

Analysts Set New Price Targets

CASY has been the subject of several research analyst reports. Gordon Haskett initiated coverage on Casey’s General Stores in a research report on Monday, November 4th. They issued a “hold” rating and a $400.00 price objective for the company. StockNews.com cut shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a report on Friday, December 13th. Royal Bank of Canada raised their price objective on shares of 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. Evercore ISI upped their target price on shares of Casey’s General Stores from $460.00 to $470.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $450.00 price target (up previously from $400.00) on shares of Casey’s General Stores in a research note on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Casey’s General Stores currently has an average rating of “Moderate Buy” and a consensus target price of $424.00.

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.