Arete Wealth Advisors LLC Lowers Holdings in Casey’s General Stores, Inc. (NASDAQ:CASY)

Arete Wealth Advisors LLC lowered its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,510 shares of the company’s stock after selling 102 shares during the quarter. Arete Wealth Advisors LLC’s holdings in Casey’s General Stores were worth $3,784,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CASY. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Casey’s General Stores by 4.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,273 shares of the company’s stock worth $3,108,000 after buying an additional 336 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Casey’s General Stores by 1.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 104,839 shares of the company’s stock worth $39,389,000 after acquiring an additional 1,771 shares in the last quarter. HighTower Advisors LLC increased its position in Casey’s General Stores by 0.4% during the 3rd quarter. HighTower Advisors LLC now owns 13,645 shares of the company’s stock valued at $5,156,000 after purchasing an additional 49 shares during the period. Integrated Wealth Concepts LLC raised its holdings in shares of Casey’s General Stores by 109.7% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 1,726 shares of the company’s stock valued at $649,000 after purchasing an additional 903 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its position in shares of Casey’s General Stores by 325.4% in the 3rd quarter. Point72 Asset Management L.P. now owns 40,740 shares of the company’s stock worth $15,306,000 after purchasing an additional 31,163 shares during the period. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Mike Spanos purchased 256 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were bought at an average cost of $390.54 per share, with a total value of $99,978.24. Following the transaction, the director now owns 3,356 shares of the company’s stock, valued at approximately $1,310,652.24. This trade represents a 8.26 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.56% of the stock is owned by corporate insiders.

Casey’s General Stores Trading Up 0.7 %

NASDAQ CASY opened at $443.88 on Thursday. Casey’s General Stores, Inc. has a 12-month low of $306.45 and a 12-month high of $446.60. The company has a fifty day simple moving average of $415.81 and a two-hundred day simple moving average of $404.26. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74. The stock has a market cap of $16.48 billion, a P/E ratio of 30.93, a P/E/G ratio of 2.40 and a beta of 0.87.

Casey’s General Stores (NASDAQ:CASY) last issued its 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. The company had revenue of $3.90 billion during the quarter, compared to analyst estimates of $3.74 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 up 17.2% on a year-over-year basis. During the same quarter last year, the business posted $2.33 EPS. On average, analysts forecast 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 issued a $0.50 dividend. The ex-dividend date is Thursday, May 1st. This represents a $2.00 annualized dividend and a yield of 0.45%. Casey’s General Stores’s dividend payout ratio (DPR) is presently 13.94%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. BMO Capital Markets reissued a “market perform” rating and issued a $450.00 price objective (up previously from $400.00) on shares of Casey’s General Stores in a research note on Wednesday, December 18th. StockNews.com lowered Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. Gordon Haskett raised Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Royal Bank of Canada set a $438.00 target price on shares of Casey’s General Stores and gave the stock a “sector perform” rating in a report on Wednesday, March 12th. Finally, Evercore ISI raised 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $424.00.

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.