OneAscent Family Office LLC Makes New Investment in Casey's General Stores, Inc. (NASDAQ:CASY)

OneAscent Family Office LLC purchased a new position in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,076 shares of the company's stock, valued at approximately $474,000.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Casey's General Stores by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 3,799,104 shares of the company's stock worth $1,505,319,000 after purchasing an additional 44,295 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of Casey's General Stores by 1.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,776,323 shares of the company's stock worth $703,833,000 after purchasing an additional 31,131 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Casey's General Stores by 29.5% in the fourth quarter. Franklin Resources Inc. now owns 678,778 shares of the company's stock worth $268,952,000 after purchasing an additional 154,541 shares during the last quarter. GAMMA Investing LLC increased its position in Casey's General Stores by 54,448.8% during the first quarter. GAMMA Investing LLC now owns 543,852 shares of the company's stock valued at $236,054,000 after acquiring an additional 542,855 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Casey's General Stores by 51.5% during the first quarter. Bank of New York Mellon Corp now owns 515,603 shares of the company's stock valued at $223,792,000 after acquiring an additional 175,372 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors.

Casey's General Stores Stock Up 1.3%

Shares of Casey's General Stores stock traded up $6.60 on Wednesday, hitting $530.02. The company had a trading volume of 92,182 shares, compared to its average volume of 306,063. Casey's General Stores, Inc. has a twelve month low of $350.52 and a twelve month high of $530.28. The stock has a 50-day moving average of $486.44 and a 200-day moving average of $445.42. The firm has a market capitalization of $19.71 billion, a P/E ratio of 36.18 and a beta of 0.69. 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 (NASDAQ:CASY - Get Free Report) last released its earnings results on Monday, June 9th. The company reported $2.63 EPS for the quarter, beating 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 firm had revenue of $3.99 billion for the quarter, compared to analyst estimates of $3.95 billion. During the same period last year, the firm earned $2.34 EPS. The business's quarterly revenue was up 10.9% compared to the same quarter last year. Research 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 company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be paid a $0.57 dividend. This is a positive change from Casey's General Stores's previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, August 1st. This represents a $2.28 annualized dividend and a dividend yield of 0.43%. Casey's General Stores's dividend payout ratio is presently 15.57%.

Analyst Upgrades and Downgrades

CASY has been the topic of several research reports. Royal Bank Of Canada raised their price objective on Casey's General Stores from $468.00 to $542.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 9th. BMO Capital Markets upped their price target on Casey's General Stores from $450.00 to $515.00 and gave the stock a "market perform" rating in a research note on Wednesday, June 11th. Stephens reaffirmed an "overweight" rating and set a $490.00 price objective on shares of Casey's General Stores in a report on Tuesday, June 10th. Evercore ISI raised their price objective on shares of Casey's General Stores from $450.00 to $460.00 and gave the company an "outperform" rating in a research report on Tuesday, April 1st. Finally, Wall Street Zen raised shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. One 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's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $465.25.

Insider Transactions at Casey's General Stores

In related news, CFO Stephen P. Bramlage, Jr. sold 760 shares of the firm's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $507.56, for a total value of $385,745.60. Following the sale, the chief financial officer directly owned 25,994 shares of the company's stock, valued at $13,193,514.64. This trade represents a 2.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Darren M. Rebelez sold 20,000 shares of Casey's General Stores 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 transaction, the chief executive officer directly owned 89,840 shares in the company, valued at $45,623,447.20. This trade represents a 18.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 43,646 shares of company stock worth $22,136,614. 0.56% of the stock is owned by 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.