Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Sold by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE lessened its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 4.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 40,444 shares of the company’s stock after selling 1,750 shares during the period. Congress Wealth Management LLC DE’s holdings in Casey’s General Stores were worth $16,026,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Dillon & Associates Inc. increased its holdings in shares of Casey’s General Stores by 505.5% in the fourth quarter. Dillon & Associates Inc. now owns 9,283 shares of the company’s stock valued at $3,676,000 after purchasing an additional 7,750 shares during the period. Cannon Global Investment Management LLC purchased a new position in Casey’s General Stores in the 4th quarter valued at $951,000. Vanguard Group Inc. increased its stake in Casey’s General Stores by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 3,799,104 shares of the company’s stock valued at $1,505,319,000 after buying an additional 44,295 shares during the period. Stevens Capital Management LP purchased a new position in Casey’s General Stores during the 4th quarter worth $307,000. Finally, LPL Financial LLC raised its position in Casey’s General Stores by 15.8% during the 4th quarter. LPL Financial LLC now owns 79,483 shares of the company’s stock worth $31,459,000 after buying an additional 10,853 shares during the last quarter. 85.63% of the stock is owned by hedge funds and other institutional investors.

Casey’s General Stores Trading Up 2.1 %

Shares of Casey’s General Stores stock opened at $412.50 on Tuesday. 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 1 year low of $306.45 and a 1 year high of $445.17. The business has a 50 day moving average price of $410.60 and a 200 day moving average price of $401.67. The company has a market capitalization of $15.31 billion, a P/E ratio of 28.75, a P/E/G ratio of 2.40 and a beta of 0.87.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Tuesday, March 11th. The company reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.57. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The business had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.74 billion. During the same quarter in the prior year, the firm posted $2.33 earnings per share. The company’s quarterly revenue was up 17.2% compared to the same quarter last year. Sell-side analysts anticipate that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, May 1st. This represents a $2.00 annualized dividend and a dividend yield of 0.48%. Casey’s General Stores’s payout ratio is currently 13.94%.

Insiders Place Their Bets

In other news, Director Mike Spanos bought 256 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was acquired at an average price of $390.54 per share, for a total transaction of $99,978.24. Following the acquisition, the director now owns 3,356 shares of the company’s stock, valued at $1,310,652.24. This trade represents a 8.26 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.56% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

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.