Smith Salley Wealth Management Acquires 548 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Smith Salley Wealth Management boosted its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 1.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,783 shares of the company’s stock after buying an additional 548 shares during the quarter. Smith Salley Wealth Management owned about 0.08% of Casey’s General Stores worth $11,801,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Private Trust Co. NA lifted its stake in shares of Casey’s General Stores by 1.3% in the third quarter. Private Trust Co. NA now owns 2,072 shares of the company’s stock worth $778,000 after buying an additional 27 shares during the last quarter. V Square Quantitative Management LLC raised its holdings in Casey’s General Stores by 22.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 158 shares of the company’s stock worth $59,000 after acquiring an additional 29 shares during the period. Verus Capital Partners LLC lifted its position in Casey’s General Stores by 3.1% during the 3rd quarter. Verus Capital Partners LLC now owns 991 shares of the company’s stock worth $372,000 after acquiring an additional 30 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in Casey’s General Stores by 3.3% during the third quarter. CIBC Asset Management Inc now owns 1,078 shares of the company’s stock valued at $405,000 after acquiring an additional 34 shares during the period. Finally, AdvisorNet Financial Inc grew its position in shares of Casey’s General Stores by 10.6% in the fourth quarter. AdvisorNet Financial Inc now owns 395 shares of the company’s stock valued at $157,000 after purchasing an additional 38 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors.

Insider Activity at Casey’s General Stores

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 450 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $427.13, for a total transaction of $192,208.50. Following the completion of the sale, the insider now directly owns 2,247 shares of the company’s stock, valued at approximately $959,761.11. The trade was a 16.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mike Spanos bought 500 shares of Casey’s General Stores stock in a transaction dated Monday, December 23rd. The stock was acquired at an average cost of $396.76 per share, for a total transaction of $198,380.00. Following the purchase, the director now directly owns 3,097 shares in the company, valued at approximately $1,228,765.72. The trade was a 19.25 % increase in their position. The disclosure for this purchase can be found here. 0.56% of the stock is currently owned by company insiders.

Casey’s General Stores Stock Up 0.1 %

NASDAQ CASY opened at $391.51 on Friday. The stock’s 50 day simple moving average is $408.49 and its 200 day simple moving average is $389.02. Casey’s General Stores, Inc. has a one year low of $268.07 and a one year high of $439.68. The firm has a market cap of $14.53 billion, a PE ratio of 27.28, a price-to-earnings-growth ratio of 2.20 and a beta of 0.82. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Monday, December 9th. The company reported $4.85 earnings per share for the quarter, beating analysts’ consensus estimates of $4.29 by $0.56. The company had revenue of $3.95 billion during the quarter, compared to analyst estimates of $4.03 billion. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period last year, the company posted $4.24 earnings per share. As a group, sell-side analysts forecast that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.00 annualized dividend and a dividend yield of 0.51%. Casey’s General Stores’s dividend payout ratio (DPR) is currently 13.94%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft boosted their price objective on Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Evercore ISI upped their price target on Casey’s General Stores from $460.00 to $470.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. StockNews.com downgraded shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 13th. Gordon Haskett began coverage on shares of Casey’s General Stores in a research note on Monday, November 4th. They set a “hold” rating and a $400.00 target price for the company. Finally, Royal Bank of Canada increased their price target on shares of Casey’s General Stores from $403.00 to $428.00 and gave the company a “sector perform” rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $424.00.

Casey’s General Stores Company 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.