Focus Partners Wealth Increases Stock Position in Casey's General Stores, Inc. (NASDAQ:CASY)

Focus Partners Wealth lifted its stake in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 6.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,951 shares of the company's stock after buying an additional 1,167 shares during the period. Focus Partners Wealth owned approximately 0.05% of Casey's General Stores worth $7,509,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of CASY. YANKCOM Partnership purchased a new position in shares of Casey's General Stores in the fourth quarter worth about $34,000. Endeavor Private Wealth Inc. purchased a new position in shares of Casey's General Stores in the fourth quarter worth about $36,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Casey's General Stores by 24.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company's stock worth $59,000 after buying an additional 29 shares during the period. Heck Capital Advisors LLC purchased a new position in shares of Casey's General Stores in the fourth quarter worth about $79,000. Finally, V Square Quantitative Management LLC increased its holdings in shares of Casey's General Stores by 32.9% in the fourth quarter. V Square Quantitative Management LLC now owns 210 shares of the company's stock worth $83,000 after buying an additional 52 shares during the period. Hedge funds and other institutional investors own 85.63% of the company's stock.

Insider Transactions at Casey's General Stores

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 shares were sold at an average price of $437.01, for a total value of $109,252.50. Following the completion of the transaction, the insider now directly owns 2,443 shares in the company, valued at $1,067,615.43. The trade was a 9.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mike Spanos acquired 256 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average price of $390.54 per share, with a total value of $99,978.24. Following the completion of the acquisition, the director now owns 3,356 shares in the company, valued at $1,310,652.24. The trade was a 8.26% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.56% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Evercore ISI raised their target price on Casey's General Stores from $450.00 to $460.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 1st. Royal Bank of Canada set a $438.00 target price on Casey's General Stores and gave the stock a "sector perform" rating in a research note on Wednesday, March 12th. KeyCorp assumed coverage on Casey's General Stores in a research note on Friday, April 11th. They issued an "overweight" rating and a $500.00 target price on the stock. Stephens raised Casey's General Stores to a "strong-buy" rating in a research note on Monday, April 7th. Finally, StockNews.com cut Casey's General Stores from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $430.33.

Casey's General Stores Stock Up 3.1%

Shares of CASY traded up $13.72 during mid-day trading on Friday, reaching $456.15. The company had a trading volume of 376,784 shares, compared to its average volume of 290,782. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88. The firm has a 50-day moving average price of $437.09 and a 200 day moving average price of $419.70. Casey's General Stores, Inc. has a 52 week low of $313.89 and a 52 week high of $474.97. The company has a market capitalization of $16.93 billion, a price-to-earnings ratio of 31.79, a price-to-earnings-growth ratio of 2.40 and a beta of 0.70.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $2.33 EPS for the quarter, topping analysts' consensus estimates of $1.76 by $0.57. Casey's General Stores had a return on equity of 17.17% and a net margin of 3.57%. The firm had revenue of $3.90 billion for the quarter, compared to analysts' expectations of $3.74 billion. During the same period in the previous year, the firm posted $2.33 EPS. The business's revenue for the quarter was up 17.2% compared to the same quarter last year. On average, sell-side analysts forecast that Casey's General Stores, Inc. will post 13.94 EPS for the current year.

Casey's General Stores Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.44%. Casey's General Stores's dividend payout ratio is currently 13.94%.

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.