Wealthcare Capital Partners LLC Makes New $259,000 Investment in Casey’s General Stores, Inc. (NASDAQ:CASY)

Wealthcare Capital Partners LLC bought a new position in Casey’s General Stores, Inc. (NASDAQ:CASY) in the fourth quarter, HoldingsChannel.com reports. The fund bought 654 shares of the company’s stock, valued at approximately $259,000.

A number of other institutional investors also recently modified their holdings of CASY. YANKCOM Partnership bought a new position in shares of Casey’s General Stores in the fourth quarter worth about $34,000. Endeavor Private Wealth Inc. bought a new position in shares of Casey’s General Stores in the fourth quarter worth about $36,000. Venturi Wealth Management LLC raised its stake in shares of Casey’s General Stores by 941.7% in the third quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock worth $47,000 after acquiring an additional 113 shares during the last quarter. V Square Quantitative Management LLC raised its stake in shares of 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 last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of Casey’s General Stores by 24.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock worth $59,000 after buying an additional 29 shares during the last quarter. 85.63% of the stock is owned by institutional investors.

Casey’s General Stores Stock Up 1.3 %

Casey’s General Stores stock opened at $432.17 on Tuesday. The stock has a market capitalization of $16.04 billion, a PE ratio of 30.12, a price-to-earnings-growth ratio of 2.48 and a beta of 0.83. Casey’s General Stores, Inc. has a twelve month low of $279.99 and a twelve month high of $439.68. The company has a quick ratio of 0.49, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. The company has a 50 day moving average of $408.95 and a 200-day moving average of $394.06.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Monday, December 9th. The company reported $4.85 earnings per share for the quarter, beating the consensus estimate of $4.29 by $0.56. The company had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $4.03 billion. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.24 earnings per share. On average, equities research analysts anticipate that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

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 issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.46%. The ex-dividend date is Monday, February 3rd. Casey’s General Stores’s dividend payout ratio (DPR) is presently 13.94%.

Insider Activity

In other Casey’s General Stores news, Director Mike Spanos bought 500 shares of Casey’s General Stores stock in a transaction that occurred on Monday, December 23rd. The stock was acquired at an average price of $396.76 per share, for a total transaction of $198,380.00. Following the completion of the acquisition, the director now owns 3,097 shares of the company’s stock, valued at $1,228,765.72. This trade represents a 19.25 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Katrina S. Lindsey sold 450 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $427.13, for a total transaction of $192,208.50. Following the transaction, 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 position. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Royal Bank of Canada boosted their price target on shares of Casey’s General Stores from $403.00 to $428.00 and gave the stock a “sector perform” rating in a research note on Tuesday, December 10th. StockNews.com downgraded shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Monday. BMO Capital Markets reissued a “market perform” rating and set a $450.00 price target (up from $400.00) on shares of Casey’s General Stores in a research note on Wednesday, December 18th. Finally, Evercore ISI boosted their price target on shares of Casey’s General Stores from $460.00 to $470.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Casey’s General Stores currently has an average rating of “Moderate Buy” and a consensus target price 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.