Casey’s General Stores, Inc. $CASY Shares Acquired by Diversify Wealth Management LLC

Diversify Wealth Management LLC grew its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 65.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 2,261 shares of the company’s stock after acquiring an additional 897 shares during the period. Diversify Wealth Management LLC’s holdings in Casey’s General Stores were worth $1,767,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. True Wealth Design LLC boosted its position in shares of Casey’s General Stores by 350.0% during the 4th quarter. True Wealth Design LLC now owns 54 shares of the company’s stock worth $30,000 after purchasing an additional 42 shares during the period. Central Pacific Bank Trust Division raised its position in Casey’s General Stores by 52.8% in the fourth quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock valued at $30,000 after purchasing an additional 19 shares during the period. Whipplewood Advisors LLC acquired a new position in Casey’s General Stores during the first quarter worth $33,000. ORG Partners LLC lifted its stake in Casey’s General Stores by 47.6% during the fourth quarter. ORG Partners LLC now owns 62 shares of the company’s stock worth $34,000 after purchasing an additional 20 shares in the last quarter. Finally, Vermillion & White Wealth Management Group LLC purchased a new position in shares of Casey’s General Stores during the third quarter worth $35,000. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Casey’s General Stores news, CEO Darren M. Rebelez sold 19,000 shares of the company’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $801.46, for a total transaction of $15,227,740.00. Following the sale, the chief executive officer owned 89,174 shares in the company, valued at $71,469,394.04. This represents a 17.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Allison M. Wing sold 530 shares of the stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $837.58, for a total value of $443,917.40. Following the completion of the sale, the director directly owned 3,042 shares in the company, valued at $2,547,918.36. This represents a 14.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 30,243 shares of company stock worth $24,421,877 over the last three months. Company insiders own 0.54% of the company’s stock.

Casey’s General Stores Stock Performance

Shares of CASY stock opened at $847.19 on Wednesday. The firm has a 50 day moving average of $824.04 and a two-hundred day moving average of $727.24. The stock has a market capitalization of $31.35 billion, a PE ratio of 44.22, a P/E/G ratio of 2.58 and a beta of 0.62. The company has a quick ratio of 0.60, a current ratio of 1.01 and a debt-to-equity ratio of 0.59. Casey’s General Stores, Inc. has a 52 week low of $490.00 and a 52 week high of $927.85.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Tuesday, June 9th. The company reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates of $3.31 by $1.06. The business had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.33 billion. Casey’s General Stores had a return on equity of 18.73% and a net margin of 4.07%.The company’s revenue was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.63 earnings per share. On average, research analysts predict that Casey’s General Stores, Inc. will post 21.14 EPS for the current fiscal year.

Casey’s General Stores Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Saturday, August 1st will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Friday, July 31st. This is a positive change from Casey’s General Stores’s previous quarterly dividend of $0.57. Casey’s General Stores’s payout ratio is presently 11.90%.

Wall Street Analyst Weigh In

CASY has been the subject of a number of research reports. Royal Bank Of Canada lifted their price objective on Casey’s General Stores from $794.00 to $850.00 and gave the company a “sector perform” rating in a research note on Thursday, June 25th. BNP Paribas Exane decreased their target price on Casey’s General Stores from $1,032.00 to $995.00 and set an “outperform” rating on the stock in a research note on Thursday, June 25th. Northcoast Research upgraded Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $950.00 target price for the company in a report on Monday. BMO Capital Markets upgraded Casey’s General Stores from a “market perform” rating to an “outperform” rating and set a $950.00 target price for the company in a report on Monday, June 29th. Finally, KeyCorp lifted their target price on Casey’s General Stores from $950.00 to $970.00 and gave the company an “overweight” rating in a research report on Thursday, June 11th. Fourteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $940.00.

Casey’s General Stores Company Profile

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.