Casey's General Stores, Inc. (NASDAQ:CASY) Position Increased by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. lifted its position in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 4.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,433 shares of the company's stock after buying an additional 673 shares during the quarter. Whittier Trust Co. of Nevada Inc.'s holdings in Casey's General Stores were worth $6,698,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Swiss National Bank grew its holdings in Casey's General Stores by 0.7% in the fourth quarter. Swiss National Bank now owns 72,987 shares of the company's stock valued at $28,920,000 after purchasing an additional 500 shares during the period. Commonwealth Equity Services LLC grew its stake in Casey's General Stores by 7.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 13,602 shares of the company's stock worth $5,389,000 after buying an additional 999 shares during the period. Envestnet Portfolio Solutions Inc. grew its stake in Casey's General Stores by 12.7% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 10,572 shares of the company's stock worth $4,189,000 after buying an additional 1,189 shares during the period. Corient Private Wealth LLC lifted its position in shares of Casey's General Stores by 30.1% during the fourth quarter. Corient Private Wealth LLC now owns 107,628 shares of the company's stock worth $42,646,000 after purchasing an additional 24,925 shares in the last quarter. Finally, Harbour Investments Inc. lifted its position in shares of Casey's General Stores by 3.1% during the fourth quarter. Harbour Investments Inc. now owns 1,002 shares of the company's stock worth $397,000 after purchasing an additional 30 shares in the last quarter. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Casey's General Stores

In other Casey's General Stores news, CFO Stephen P. Bramlage, Jr. sold 8,478 shares of the company's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $509.21, for a total value of $4,317,082.38. Following the completion of the sale, the chief financial officer directly owned 26,754 shares of the company's stock, valued at approximately $13,623,404.34. This represents a 24.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas P. Brennan, Jr. sold 6,600 shares of the company's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $506.03, for a total transaction of $3,339,798.00. Following the completion of the sale, the insider directly owned 2,100 shares of the company's stock, valued at $1,062,663. The trade was a 75.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 43,646 shares of company stock worth $22,136,614 over the last ninety days. Insiders own 0.56% of the company's stock.

Casey's General Stores Price Performance

CASY traded down $3.03 on Friday, reaching $512.64. The company had a trading volume of 50,363 shares, compared to its average volume of 305,024. The company has a fifty day moving average of $481.72 and a 200-day moving average of $442.57. The company has a market capitalization of $19.06 billion, a P/E ratio of 35.02 and a beta of 0.69. The company has a current ratio of 0.92, a quick ratio of 0.48 and a debt-to-equity ratio of 0.69. Casey's General Stores, Inc. has a one year low of $350.52 and a one year high of $526.82.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last announced its earnings results on Monday, June 9th. The company reported $2.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.94 by $0.69. The firm had revenue of $3.99 billion during the quarter, compared to analyst estimates of $3.95 billion. Casey's General Stores had a net margin of 3.43% and a return on equity of 16.28%. Casey's General Stores's revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.34 EPS. As a group, equities research analysts anticipate 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 announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date is Friday, August 1st. This is a positive change from Casey's General Stores's previous quarterly dividend of $0.50. Casey's General Stores's dividend payout ratio is currently 13.66%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CASY. Royal Bank Of Canada upped their price target on shares of Casey's General Stores from $468.00 to $542.00 and gave the company a "sector perform" rating in a report on Wednesday, July 9th. The Goldman Sachs Group upped their price target on shares of Casey's General Stores from $385.00 to $450.00 and gave the company a "neutral" rating in a report on Wednesday, June 11th. Stephens reaffirmed an "overweight" rating and issued a $490.00 price target on shares of Casey's General Stores in a report on Tuesday, June 10th. Evercore ISI upped their price target on shares of Casey's General Stores from $450.00 to $460.00 and gave the company an "outperform" rating in a report on Tuesday, April 1st. Finally, BMO Capital Markets upped their price target on shares of Casey's General Stores from $450.00 to $515.00 and gave the company a "market perform" rating in a report on Wednesday, June 11th. 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 stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $465.25.

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.