Security National Bank Purchases 504 Shares of Casey's General Stores, Inc. (NASDAQ:CASY)

Security National Bank grew its holdings in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 9.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,674 shares of the company's stock after acquiring an additional 504 shares during the quarter. Security National Bank's holdings in Casey's General Stores were worth $2,463,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Natixis grew its position in shares of Casey's General Stores by 21.9% in the 4th quarter. Natixis now owns 8,337 shares of the company's stock valued at $3,303,000 after purchasing an additional 1,499 shares during the period. Scholtz & Company LLC acquired a new position in shares of Casey's General Stores in the fourth quarter valued at approximately $2,375,000. Segall Bryant & Hamill LLC boosted its holdings in shares of Casey's General Stores by 9.1% in the fourth quarter. Segall Bryant & Hamill LLC now owns 53,330 shares of the company's stock valued at $21,131,000 after buying an additional 4,458 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Casey's General Stores during the fourth quarter worth $45,224,000. Finally, Thrivent Financial for Lutherans raised its holdings in shares of Casey's General Stores by 15.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 290,420 shares of the company's stock worth $115,089,000 after acquiring an additional 38,684 shares during the period. 85.63% of the stock is currently owned by institutional investors.

Casey's General Stores Stock Down 0.2%

Shares of NASDAQ:CASY traded down $1.12 during trading on Thursday, hitting $504.01. 297,637 shares of the company were exchanged, compared to its average volume of 302,595. Casey's General Stores, Inc. has a fifty-two week low of $350.52 and a fifty-two week high of $514.32. The stock has a market cap of $18.74 billion, a price-to-earnings ratio of 34.43, a P/E/G ratio of 2.54 and a beta of 0.65. The company has a current ratio of 0.92, a quick ratio of 0.48 and a debt-to-equity ratio of 0.69. The firm has a fifty day moving average price of $463.26 and a two-hundred day moving average price of $431.14.

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 for the quarter, topping analysts' consensus estimates 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 business had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $3.95 billion. During the same period in the previous year, the company earned $2.34 earnings per share. The firm's revenue for the quarter was up 10.9% on a year-over-year basis. As a group, research analysts anticipate that Casey's General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey's General Stores Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, August 1st. This is a positive change from Casey's General Stores's previous quarterly dividend of $0.50. This represents a $2.28 annualized dividend and a dividend yield of 0.45%. Casey's General Stores's payout ratio is currently 13.66%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. BMO Capital Markets upped their target price on shares of 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. 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. Wells Fargo & Company increased their price objective on Casey's General Stores from $460.00 to $540.00 and gave the stock an "overweight" rating in a report on Wednesday, June 11th. Wall Street Zen raised Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Finally, Stephens reaffirmed an "overweight" rating and set a $490.00 price target on shares of Casey's General Stores in a research report on Tuesday, June 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Casey's General Stores has an average rating of "Moderate Buy" and an average price target of $453.00.

Insider Activity

In related news, insider Katrina S. Lindsey sold 250 shares of the business's stock in a transaction that occurred on 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 directly owns 2,443 shares of the company's stock, valued at approximately $1,067,615.43. The trade was a 9.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas P. Brennan, Jr. sold 6,600 shares of the firm's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $506.03, for a total value of $3,339,798.00. Following the sale, the insider now directly owns 2,100 shares of the company's stock, valued at $1,062,663. This represents a 75.86% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 43,136 shares of company stock valued at $21,860,121. 0.56% of the stock is owned by company insiders.

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.