WealthPlan Investment Management LLC Sells 1,844 Shares of Casey’s General Stores, Inc. $CASY

WealthPlan Investment Management LLC trimmed its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 10.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,146 shares of the company’s stock after selling 1,844 shares during the quarter. WealthPlan Investment Management LLC’s holdings in Casey’s General Stores were worth $9,824,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Daiichi Life Insurance Co. Ltd. purchased a new position in shares of Casey’s General Stores in the 2nd quarter valued at $1,222,000. National Pension Service lifted its holdings in shares of Casey’s General Stores by 3,138.9% during the 2nd quarter. National Pension Service now owns 67,466 shares of the company’s stock valued at $53,621,000 after acquiring an additional 65,383 shares in the last quarter. NEOS Investment Management LLC purchased a new stake in Casey’s General Stores during the 2nd quarter worth $4,602,000. Burns J W & Co. Inc. NY boosted its position in Casey’s General Stores by 103.5% during the 1st quarter. Burns J W & Co. Inc. NY now owns 2,448 shares of the company’s stock worth $1,782,000 after purchasing an additional 1,245 shares during the period. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in Casey’s General Stores by 52.0% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 17,079 shares of the company’s stock valued at $12,431,000 after purchasing an additional 5,846 shares in the last quarter. 85.63% of the stock is owned by institutional investors and hedge funds.

Casey’s General Stores Stock Performance

Shares of Casey’s General Stores stock traded up $19.88 during trading hours on Thursday, reaching $673.49. The company’s stock had a trading volume of 221,444 shares, compared to its average volume of 521,982. Casey’s General Stores, Inc. has a one year low of $497.38 and a one year high of $927.85. The company’s 50 day simple moving average is $707.79 and its 200 day simple moving average is $775.24. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.61 and a current ratio of 1.02. The stock has a market cap of $24.89 billion, a P/E ratio of 32.44, a price-to-earnings-growth ratio of 2.09 and a beta of 0.59.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Tuesday, September 8th. The company reported $7.37 earnings per share for the quarter, beating analysts’ consensus estimates of $6.78 by $0.59. Casey’s General Stores had a net margin of 4.14% and a return on equity of 19.68%. The business had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.56 billion. During the same quarter in the prior year, the firm earned $5.77 EPS. The company’s revenue for the quarter was up 24.3% compared to the same quarter last year. As a group, analysts expect that Casey’s General Stores, Inc. will post 21.43 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Sunday, November 1st will be issued a $0.65 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $2.60 annualized dividend and a dividend yield of 0.4%. Casey’s General Stores’s dividend payout ratio (DPR) is 12.52%.

Wall Street Analyst Weigh In

CASY has been the topic of several analyst reports. BNP Paribas Exane dropped their target price on Casey’s General Stores from $1,032.00 to $995.00 and set an “outperform” rating on the stock in a report on Thursday, June 25th. Raymond James Financial raised Casey’s General Stores from a “market perform” rating to an “outperform” rating and set a $750.00 price target on the stock in a research report on Thursday, September 10th. William Blair restated an “outperform” rating on shares of Casey’s General Stores in a report on Wednesday, September 16th. Weiss Ratings downgraded shares of Casey’s General Stores from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, July 21st. Finally, Evercore reiterated an “outperform” rating and set a $775.00 price objective on shares of Casey’s General Stores in a research note on Friday, September 11th. Sixteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $835.38.

About Casey’s General Stores

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.