International Assets Investment Management LLC Makes New $220,000 Investment in Casey's General Stores, Inc. (NASDAQ:CASY)

International Assets Investment Management LLC bought a new position in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 506 shares of the company's stock, valued at approximately $220,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Versant Capital Management Inc purchased a new stake in Casey's General Stores during the 1st quarter worth about $25,000. Global Financial Private Client LLC boosted its stake in shares of 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 last quarter. Whipplewood Advisors LLC grew its holdings in shares of Casey's General Stores by 160.0% during the first quarter. Whipplewood Advisors LLC now owns 117 shares of the company's stock worth $51,000 after buying an additional 72 shares in the last quarter. Heck Capital Advisors LLC acquired a new position in shares of Casey's General Stores in the fourth quarter valued at approximately $79,000. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Casey's General Stores in the fourth quarter valued at approximately $87,000. Hedge funds and other institutional investors own 85.63% of the company's stock.

Casey's General Stores Trading Up 0.4%

CASY traded up $2.17 on Friday, reaching $506.18. 456,080 shares of the company's stock were exchanged, compared to its average volume of 301,658. Casey's General Stores, Inc. has a twelve month low of $350.52 and a twelve month high of $514.32. The company's 50 day moving average is $465.06 and its 200-day moving average is $432.38. 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 company has a market cap of $18.82 billion, a price-to-earnings ratio of 34.58, a PEG ratio of 2.52 and a beta of 0.65.

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

Casey's General Stores Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be issued a $0.57 dividend. This is an increase from Casey's General Stores's previous quarterly dividend of $0.50. This represents a $2.28 annualized dividend and a yield of 0.45%. The ex-dividend date is Friday, August 1st. Casey's General Stores's dividend payout ratio is currently 13.66%.

Wall Street Analyst Weigh In

Several research firms have commented on CASY. The Goldman Sachs Group lifted their target price on shares of Casey's General Stores from $385.00 to $450.00 and gave the stock a "neutral" rating in a research note 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. Wells Fargo & Company upped their target price on 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. Wall Street Zen raised Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. Finally, Stephens restated an "overweight" rating and issued a $490.00 price target on shares of Casey's General Stores in a report on Tuesday, June 10th. One equities research 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 stock currently has a consensus rating of "Moderate Buy" and an average price target of $453.00.

Insider Buying and Selling at Casey's General Stores

In other Casey's General Stores news, insider Katrina S. Lindsey sold 250 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $437.01, for a total value of $109,252.50. Following the completion of the sale, the insider now owns 2,443 shares of the company's stock, valued at $1,067,615.43. This trade represents a 9.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Allison M. Wing sold 1,000 shares of the business's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $502.16, for a total transaction of $502,160.00. Following the transaction, the director now directly owns 3,058 shares in the company, valued at approximately $1,535,605.28. The trade was a 24.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 43,136 shares of company stock valued at $21,860,121 over the last three months. 0.56% of the stock is owned by company insiders.

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.