TD Private Client Wealth LLC Has $408,000 Position in Casey's General Stores, Inc. $CASY

Key Points

• TD Private Client Wealth LLC significantly increased its position in Casey's General Stores by 2,250.0% in the second quarter, resulting in holdings valued at $408,000.
• Casey's General Stores reported earnings of $5.77 per share, exceeding analyst expectations, and had revenue of $4.57 billion for the quarter, reflecting an 11.5% year-over-year increase.
• The company declared a quarterly dividend of $0.57 per share, with a payout date set for November 14th, reflecting a 0.4% dividend yield.

TD Private Client Wealth LLC increased its position in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 2,250.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 799 shares of the company's stock after buying an additional 765 shares during the quarter. TD Private Client Wealth LLC's holdings in Casey's General Stores were worth $408,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Versant Capital Management Inc acquired a new stake in Casey's General Stores during the 1st quarter worth approximately $25,000. Global Financial Private Client LLC increased its holdings 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 worth $30,000 after purchasing an additional 52 shares in the last quarter. Summit Securities Group LLC bought a new stake in shares of Casey's General Stores in the 1st quarter valued at about $32,000. Iron Horse Wealth Management LLC boosted its position in shares of Casey's General Stores by 40.0% during the 1st quarter. Iron Horse Wealth Management LLC now owns 91 shares of the company's stock valued at $40,000 after purchasing an additional 26 shares in the last quarter. Finally, WPG Advisers LLC bought a new stake in shares of Casey's General Stores during the 1st quarter valued at about $47,000. 85.63% of the stock is currently owned by institutional investors.

Casey's General Stores Trading Up 0.8%

CASY opened at $547.54 on Friday. The business has a 50 day simple moving average of $522.50 and a two-hundred day simple moving average of $482.83. The firm has a market capitalization of $20.36 billion, a price-to-earnings ratio of 35.14 and a beta of 0.66. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.03 and a quick ratio of 0.61. Casey's General Stores, Inc. has a one year low of $363.00 and a one year high of $571.57.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its earnings results on Monday, September 8th. The company reported $5.77 earnings per share for the quarter, topping analysts' consensus estimates of $5.02 by $0.75. The firm had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.47 billion. Casey's General Stores had a return on equity of 16.73% and a net margin of 3.54%.The business's revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.83 EPS. Analysts predict that Casey's General Stores, Inc. will post 13.94 EPS for the current year.

Casey's General Stores Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Saturday, November 1st will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, October 31st. Casey's General Stores's dividend payout ratio is presently 14.63%.

Insiders Place Their Bets

In related news, CFO Stephen P. Bramlage, Jr. sold 760 shares of the firm's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $507.56, for a total value of $385,745.60. Following the transaction, the chief financial officer directly owned 25,994 shares of the company's stock, valued at approximately $13,193,514.64. This trade represents a 2.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mike Spanos purchased 200 shares of the business's stock in a transaction on Monday, June 30th. The stock was acquired at an average price of $503.18 per share, with a total value of $100,636.00. Following the purchase, the director directly owned 3,560 shares in the company, valued at $1,791,320.80. This represents a 5.95% increase in their position. The disclosure for this purchase can be found here. 0.54% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CASY. Royal Bank Of Canada increased their price target 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. Wells Fargo & Company increased their price objective on Casey's General Stores from $540.00 to $580.00 and gave the stock an "overweight" rating in a research note on Monday, September 8th. Wall Street Zen raised Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Jefferies Financial Group increased their price target on Casey's General Stores from $575.00 to $600.00 and gave the company a "buy" rating in a research report on Tuesday, September 9th. Finally, Evercore ISI raised their target price on Casey's General Stores from $560.00 to $580.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 10th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Casey's General Stores presently has a consensus rating of "Moderate Buy" and a consensus price target of $529.10.

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.

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