4WEALTH Advisors Inc. Purchases Shares of 1,194 Casey's General Stores, Inc. (NASDAQ:CASY)

4WEALTH Advisors Inc. purchased a new stake in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,194 shares of the company's stock, valued at approximately $518,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Versant Capital Management Inc purchased a new stake in shares of Casey's General Stores in the 1st quarter valued at approximately $25,000. Global Financial Private Client LLC boosted its stake in Casey's General Stores by 325.0% during the 1st quarter. Global Financial Private Client LLC now owns 68 shares of the company's stock worth $30,000 after purchasing an additional 52 shares during the period. Iron Horse Wealth Management LLC lifted its stake in shares of Casey's General Stores by 40.0% in the 1st quarter. Iron Horse Wealth Management LLC now owns 91 shares of the company's stock worth $40,000 after acquiring an additional 26 shares during the period. Whipplewood Advisors LLC lifted its stake in shares of Casey's General Stores by 160.0% in the 1st quarter. Whipplewood Advisors LLC now owns 117 shares of the company's stock worth $51,000 after acquiring an additional 72 shares during the period. Finally, Wayfinding Financial LLC acquired a new stake in shares of Casey's General Stores in the 1st quarter worth $59,000. 85.63% of the stock is owned by hedge funds and other institutional investors.

Casey's General Stores Price Performance

NASDAQ:CASY traded up $2.09 during mid-day trading on Thursday, hitting $526.09. 87,523 shares of the company's stock traded hands, compared to its average volume of 365,350. The company has a market cap of $19.56 billion, a PE ratio of 35.94 and a beta of 0.69. Casey's General Stores, Inc. has a 1 year low of $350.52 and a 1 year high of $530.17. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.48 and a current ratio of 0.92. The firm's 50 day simple moving average is $486.44 and its 200 day simple moving average is $445.42.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its quarterly earnings results on Monday, June 9th. The company reported $2.63 EPS for the quarter, topping analysts' consensus estimates of $1.94 by $0.69. The business had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $3.95 billion. Casey's General Stores had a net margin of 3.43% and a return on equity of 16.28%. The company's quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.34 earnings per share. Sell-side analysts expect that Casey's General Stores, Inc. will post 13.94 EPS for the current year.

Casey's General Stores Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be given a $0.57 dividend. The ex-dividend date of this dividend is Friday, August 1st. This is a boost from Casey's General Stores's previous quarterly dividend of $0.50. This represents a $2.28 annualized dividend and a dividend yield of 0.43%. Casey's General Stores's dividend payout ratio (DPR) is currently 13.66%.

Insiders Place Their Bets

In related news, insider Chad Michael Frazell sold 4,808 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $503.97, for a total value of $2,423,087.76. Following the sale, the insider directly owned 11,480 shares of the company's stock, valued at approximately $5,785,575.60. This trade represents a 29.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Darren M. Rebelez sold 20,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $507.83, for a total transaction of $10,156,600.00. Following the completion of the sale, the chief executive officer directly owned 89,840 shares in the company, valued at $45,623,447.20. This represents a 18.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 43,646 shares of company stock valued at $22,136,614. 0.56% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

CASY has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. The Goldman Sachs Group raised their price objective on shares of Casey's General Stores from $385.00 to $450.00 and gave the company a "neutral" rating in a research note on Wednesday, June 11th. KeyCorp raised their price objective on shares of Casey's General Stores from $500.00 to $550.00 and gave the company an "overweight" rating in a research note on Wednesday, June 11th. Wells Fargo & Company raised their price objective on shares of Casey's General Stores from $460.00 to $540.00 and gave the company an "overweight" rating in a research note on Wednesday, June 11th. Finally, Stephens reiterated an "overweight" rating and issued a $490.00 price objective on shares of Casey's General Stores in a research note on Tuesday, June 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Casey's General Stores has a consensus rating of "Moderate Buy" and an average price target of $465.25.

Casey's General Stores Company 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.