Wallace Advisory Group LLC Sells 44 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Wallace Advisory Group LLC cut its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 6.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 602 shares of the company’s stock after selling 44 shares during the quarter. Wallace Advisory Group LLC’s holdings in Casey’s General Stores were worth $226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Venturi Wealth Management LLC grew its position in shares of Casey’s General Stores by 941.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock worth $47,000 after buying an additional 113 shares during the last quarter. V Square Quantitative Management LLC lifted its stake in Casey’s General Stores by 22.5% in the third 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. Quarry LP bought a new stake in Casey’s General Stores in the second quarter valued at $72,000. Kennebec Savings Bank purchased a new position in Casey’s General Stores during the 3rd quarter valued at $76,000. Finally, Peterson Financial Group Inc. purchased a new position in Casey’s General Stores during the 3rd quarter valued at $118,000. 85.63% of the stock is owned by institutional investors.

Casey’s General Stores Stock Up 1.7 %

Shares of NASDAQ:CASY opened at $392.54 on Tuesday. The company has a current ratio of 0.88, a quick ratio of 0.44 and a debt-to-equity ratio of 0.74. The stock has a fifty day simple moving average of $409.76 and a two-hundred day simple moving average of $388.69. Casey’s General Stores, Inc. has a 12-month low of $268.07 and a 12-month high of $439.68. The stock has a market capitalization of $14.57 billion, a price-to-earnings ratio of 27.35 and a beta of 0.82.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Monday, December 9th. The company reported $4.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.29 by $0.56. The firm 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%. Casey’s General Stores’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.24 EPS. On average, research analysts anticipate that Casey’s General Stores, Inc. will post 14.28 earnings per share for the current fiscal year.

Casey’s General Stores Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be paid a $0.50 dividend. The ex-dividend date 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 is presently 13.94%.

Insider Transactions at Casey’s General Stores

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

Analyst Ratings Changes

CASY has been the subject of several research analyst reports. Evercore ISI raised their target price on shares of Casey’s General Stores from $460.00 to $470.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. BMO Capital Markets restated a “market perform” rating and issued a $450.00 price objective (up from $400.00) on shares of Casey’s General Stores in a report on Wednesday, December 18th. Gordon Haskett assumed coverage on Casey’s General Stores in a report on Monday, November 4th. They set a “hold” rating and a $400.00 target price on the stock. Melius Research began coverage on Casey’s General Stores in a research report on Monday, September 23rd. They issued a “buy” rating and a $435.00 target price for the company. Finally, JPMorgan Chase & Co. lowered Casey’s General Stores from a “neutral” rating to an “underweight” rating and lifted their price target for the company from $300.00 to $337.00 in a research report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $424.00.

About Casey’s General Stores

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.