WealthPLAN Partners LLC Sells 439 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

WealthPLAN Partners LLC lowered its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 2.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 14,950 shares of the company’s stock after selling 439 shares during the period. WealthPLAN Partners LLC’s holdings in Casey’s General Stores were worth $5,924,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. V Square Quantitative Management LLC lifted its stake in shares of Casey’s General Stores by 32.9% in the 4th quarter. V Square Quantitative Management LLC now owns 210 shares of the company’s stock worth $83,000 after purchasing an additional 52 shares during the period. Avestar Capital LLC bought a new position in shares of Casey’s General Stores in the 4th quarter worth approximately $203,000. Consolidated Planning Corp lifted its stake in shares of Casey’s General Stores by 76.4% in the 4th quarter. Consolidated Planning Corp now owns 1,041 shares of the company’s stock worth $412,000 after purchasing an additional 451 shares during the period. Van ECK Associates Corp lifted its stake in shares of Casey’s General Stores by 39.2% in the 4th quarter. Van ECK Associates Corp now owns 29,554 shares of the company’s stock worth $11,710,000 after purchasing an additional 8,327 shares during the period. Finally, Marks Group Wealth Management Inc lifted its stake in shares of Casey’s General Stores by 2.4% in the 4th quarter. Marks Group Wealth Management Inc now owns 14,966 shares of the company’s stock worth $5,930,000 after purchasing an additional 355 shares during the period. Institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Trading Down 2.3 %

Casey’s General Stores stock opened at $432.17 on Friday. The firm’s 50 day moving average price is $410.19 and its 200-day moving average price is $395.24. Casey’s General Stores, Inc. has a 1 year low of $284.57 and a 1 year high of $445.17. The stock has a market cap of $16.04 billion, a P/E ratio of 30.12, a PEG ratio of 2.48 and a beta of 0.83. 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 (NASDAQ:CASY) last announced its quarterly earnings results on Monday, December 9th. The company reported $4.85 earnings per share for the quarter, topping 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 company had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $4.03 billion. During the same quarter in the previous year, the business posted $4.24 earnings per share. Casey’s General Stores’s quarterly revenue was down 2.9% on a year-over-year basis. On average, 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. Investors of record on Monday, February 3rd will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend is Monday, February 3rd. Casey’s General Stores’s dividend payout ratio is presently 13.94%.

Insider Buying and Selling

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

Analyst Ratings Changes

CASY has been the topic of several recent research reports. BMO Capital Markets reiterated a “market perform” rating and issued a $450.00 price objective (up previously from $400.00) on shares of Casey’s General Stores in a research note on Wednesday, December 18th. Evercore ISI lifted their price target on shares of Casey’s General Stores from $460.00 to $470.00 and gave the company an “outperform” rating in a report on Friday, December 13th. StockNews.com downgraded shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Casey’s General Stores from $451.00 to $454.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, Gordon Haskett raised shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Thursday. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $424.00.

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.