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

Viawealth LLC lessened its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 8.8% in the 4th quarter, Holdings Channel reports. The fund owned 1,982 shares of the company’s stock after selling 191 shares during the period. Viawealth LLC’s holdings in Casey’s General Stores were worth $785,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in CASY. YANKCOM Partnership purchased a new position in Casey’s General Stores during the fourth quarter worth about $34,000. Endeavor Private Wealth Inc. acquired a new position in Casey’s General Stores during the 4th quarter worth approximately $36,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of Casey’s General Stores by 24.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock worth $59,000 after buying an additional 29 shares in the last quarter. Heck Capital Advisors LLC acquired a new stake in shares of Casey’s General Stores in the 4th quarter valued at approximately $79,000. Finally, V Square Quantitative Management LLC boosted its stake in shares of Casey’s General Stores by 32.9% in the fourth quarter. V Square Quantitative Management LLC now owns 210 shares of the company’s stock valued at $83,000 after buying an additional 52 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Insider Buying and Selling

In other Casey’s General Stores news, Director Mike Spanos acquired 500 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were acquired at an average price 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 of the company’s stock, valued at $1,228,765.72. This trade represents a 19.25 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.56% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

CASY has been the subject of several research analyst reports. Evercore ISI cut their price objective on Casey’s General Stores from $460.00 to $450.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. StockNews.com downgraded shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Saturday, March 8th. Royal Bank of Canada set a $438.00 price objective on shares of Casey’s General Stores and gave the stock a “sector perform” rating in a report on Wednesday, March 12th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $450.00 target price (up from $400.00) on shares of Casey’s General Stores in a report on Wednesday, December 18th. Finally, Gordon Haskett raised Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $423.09.

Casey’s General Stores Price Performance

Shares of NASDAQ:CASY opened at $402.23 on Thursday. Casey’s General Stores, Inc. has a one year low of $306.45 and a one year high of $445.17. The stock has a market cap of $14.93 billion, a PE ratio of 28.03, a price-to-earnings-growth ratio of 2.40 and a beta of 0.87. The business’s fifty day moving average price is $409.76 and its two-hundred day moving average price is $400.55. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Tuesday, March 11th. The company reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.57. The firm had revenue of $3.90 billion during the quarter, compared to analysts’ expectations of $3.74 billion. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The firm’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.33 EPS. On average, 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend is Thursday, May 1st. Casey’s General Stores’s payout ratio is 13.94%.

Casey’s General Stores Profile

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.