Viawealth LLC Reduces Holdings in Casey’s General Stores, Inc. (NASDAQ:CASY)

Viawealth LLC lessened its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 8.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,982 shares of the company’s stock after selling 191 shares during the quarter. Viawealth LLC’s holdings in Casey’s General Stores were worth $785,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. YANKCOM Partnership purchased a new stake in Casey’s General Stores in the 4th quarter valued at about $34,000. Endeavor Private Wealth Inc. acquired a new stake in shares of Casey’s General Stores during the fourth quarter valued at about $36,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of Casey’s General Stores by 24.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock valued at $59,000 after acquiring an additional 29 shares during the period. Heck Capital Advisors LLC acquired a new position in shares of Casey’s General Stores in the 4th quarter worth approximately $79,000. Finally, V Square Quantitative Management LLC boosted its position in shares of Casey’s General Stores by 32.9% during the 4th quarter. V Square Quantitative Management LLC now owns 210 shares of the company’s stock worth $83,000 after purchasing an additional 52 shares during the period. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Casey’s General Stores Stock Performance

NASDAQ CASY opened at $402.23 on Thursday. The company has a fifty day moving average of $409.76 and a two-hundred day moving average of $400.55. 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, Inc. has a 1 year low of $306.45 and a 1 year high of $445.17. The company has a market capitalization of $14.93 billion, a PE ratio of 28.03, a P/E/G ratio of 2.40 and a beta of 0.87.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share (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 the consensus estimate of $3.74 billion. During the same quarter last year, the business posted $2.33 EPS. The firm’s quarterly revenue was up 17.2% compared to the same quarter last year. As a group, analysts expect that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a $0.50 dividend. The ex-dividend date is Thursday, May 1st. This represents a $2.00 annualized dividend and a yield of 0.50%. Casey’s General Stores’s dividend payout ratio (DPR) is 13.94%.

Analyst Ratings Changes

CASY has been the topic of a number of research analyst reports. BMO Capital Markets reissued a “market perform” rating and issued a $450.00 target price (up previously from $400.00) on shares of Casey’s General Stores in a research report on Wednesday, December 18th. StockNews.com lowered Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th. Evercore ISI dropped their target price on Casey’s General Stores from $460.00 to $450.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. Gordon Haskett raised shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Finally, Royal Bank of Canada set a $438.00 price objective on shares of Casey’s General Stores and gave the company a “sector perform” rating in a research note on Wednesday, March 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $423.09.

Insider Buying and Selling

In other Casey’s General Stores news, Director Mike Spanos bought 256 shares of Casey’s General Stores stock in a transaction dated Thursday, March 13th. The stock was acquired at an average cost 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 of the company’s stock, valued at approximately $1,310,652.24. This represents a 8.26 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.