Envestnet Portfolio Solutions Inc. Sells 638 Shares of Casey's General Stores, Inc. (NASDAQ:CASY)

Envestnet Portfolio Solutions Inc. lessened its position in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 6.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,934 shares of the company's stock after selling 638 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Casey's General Stores were worth $4,312,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc acquired a new stake in Casey's General Stores in the 1st quarter valued at $25,000. Global Financial Private Client LLC boosted its stake in Casey's General Stores by 325.0% in the 1st quarter. Global Financial Private Client LLC now owns 68 shares of the company's stock valued at $30,000 after buying an additional 52 shares in the last quarter. Whipplewood Advisors LLC raised its position in Casey's General Stores by 160.0% in the 1st quarter. Whipplewood Advisors LLC now owns 117 shares of the company's stock valued at $51,000 after purchasing an additional 72 shares during the last quarter. Heck Capital Advisors LLC bought a new position in Casey's General Stores in the 4th quarter valued at $79,000. Finally, Point72 Hong Kong Ltd bought a new position in Casey's General Stores in the 4th quarter valued at $87,000. Institutional investors and hedge funds own 85.63% of the company's stock.

Insiders Place Their Bets

In other Casey's General Stores news, insider Katrina S. Lindsey sold 250 shares of the firm's stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $437.01, for a total transaction of $109,252.50. Following the transaction, the insider now owns 2,443 shares in the company, valued at approximately $1,067,615.43. This trade represents a 9.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Darren M. Rebelez sold 20,000 shares of the firm's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $507.83, for a total value of $10,156,600.00. Following the transaction, the chief executive officer now owns 89,840 shares in the company, valued at approximately $45,623,447.20. This trade represents a 18.21% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,136 shares of company stock worth $21,860,121. Insiders own 0.56% of the company's stock.

Analysts Set New Price Targets

CASY has been the subject of several research analyst reports. KeyCorp lifted their price objective on Casey's General Stores from $500.00 to $550.00 and gave the company an "overweight" rating in a research report on Wednesday, June 11th. Wall Street Zen upgraded Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. BMO Capital Markets lifted their price objective on Casey's General Stores from $450.00 to $515.00 and gave the company a "market perform" rating in a research report on Wednesday, June 11th. Royal Bank Of Canada set a $438.00 price objective on Casey's General Stores and gave the company a "sector perform" rating in a research report on Wednesday, March 12th. Finally, The Goldman Sachs Group lifted their price objective on Casey's General Stores from $385.00 to $450.00 and gave the company a "neutral" rating in a research report on Wednesday, June 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $453.00.

Casey's General Stores Trading Up 2.0%

Shares of CASY stock traded up $10.16 on Monday, reaching $510.43. 308,401 shares of the stock were exchanged, compared to its average volume of 302,973. The stock has a 50 day moving average price of $460.38 and a 200 day moving average price of $429.45. The stock has a market cap of $18.95 billion, a PE ratio of 34.17, a P/E/G ratio of 2.50 and a beta of 0.66. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.92 and a quick ratio of 0.48. Casey's General Stores, Inc. has a one year low of $350.52 and a one year high of $512.88.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its earnings results on Monday, June 9th. The company reported $2.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.94 by $0.69. Casey's General Stores had a return on equity of 16.28% and a net margin of 3.43%. The firm had revenue of $3.99 billion for the quarter, compared to analysts' expectations of $3.95 billion. During the same quarter last year, the business earned $2.34 earnings per share. The company's revenue was up 10.9% compared to the same quarter last year. Equities research analysts forecast that Casey's General Stores, Inc. will post 13.94 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 15th. Shareholders of record on Friday, August 1st will be issued a dividend of $0.57 per share. The ex-dividend date is Friday, August 1st. This represents a $2.28 dividend on an annualized basis and a yield of 0.45%. This is a boost from Casey's General Stores's previous quarterly dividend of $0.50. Casey's General Stores's dividend payout ratio (DPR) is 13.66%.

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.