Charles Schwab Investment Management Inc. Purchases 702 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Charles Schwab Investment Management Inc. grew its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 0.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 273,332 shares of the company’s stock after purchasing an additional 702 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Casey’s General Stores were worth $102,694,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of CASY. International Assets Investment Management LLC bought a new position in shares of Casey’s General Stores during the 3rd quarter valued at about $959,880,000. Millennium Management LLC grew its position in Casey’s General Stores by 3,846.1% during the 2nd quarter. Millennium Management LLC now owns 172,320 shares of the company’s stock worth $65,750,000 after acquiring an additional 176,920 shares during the last quarter. Bridges Investment Management Inc. grew its position in Casey’s General Stores by 110.0% during the 2nd quarter. Bridges Investment Management Inc. now owns 177,190 shares of the company’s stock worth $67,609,000 after acquiring an additional 92,813 shares during the last quarter. American Century Companies Inc. grew its position in Casey’s General Stores by 189.1% during the 2nd quarter. American Century Companies Inc. now owns 132,375 shares of the company’s stock worth $50,509,000 after acquiring an additional 86,582 shares during the last quarter. Finally, EULAV Asset Management grew its position in Casey’s General Stores by 196.3% during the 3rd quarter. EULAV Asset Management now owns 128,000 shares of the company’s stock worth $48,091,000 after acquiring an additional 84,800 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Royal Bank of Canada raised their price target on Casey’s General Stores from $393.00 to $403.00 and gave the stock a “sector perform” rating in a research report on Thursday, September 5th. StockNews.com lowered Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 3rd. Deutsche Bank Aktiengesellschaft raised their price target on Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Wells Fargo & Company raised their price target on Casey’s General Stores from $415.00 to $425.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Finally, Benchmark reiterated a “buy” rating and issued a $410.00 price objective on shares of Casey’s General Stores in a report on Tuesday, September 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $408.25.

Insider Buying and Selling at Casey’s General Stores

In related news, Director Mike Spanos acquired 267 shares of the stock in a transaction on Wednesday, September 18th. The stock was acquired at an average price of $376.18 per share, for a total transaction of $100,440.06. Following the completion of the purchase, the director now owns 2,594 shares of the company’s stock, valued at $975,810.92. This represents a 11.47 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Darren M. Rebelez sold 13,500 shares of Casey’s General Stores stock in a transaction on Friday, September 6th. The shares were sold at an average price of $374.54, for a total value of $5,056,290.00. Following the transaction, the chief executive officer now owns 73,838 shares of the company’s stock, valued at $27,655,284.52. The trade was a 15.46 % decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is owned by company insiders.

Casey’s General Stores Trading Down 0.0 %

CASY opened at $426.49 on Wednesday. The stock has a market cap of $15.83 billion, a PE ratio of 31.04 and a beta of 0.79. The company has a quick ratio of 0.44, a current ratio of 0.84 and a debt-to-equity ratio of 0.44. The business has a 50 day moving average of $391.26 and a 200-day moving average of $373.78. Casey’s General Stores, Inc. has a 52 week low of $266.56 and a 52 week high of $435.60.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Wednesday, September 4th. The company reported $4.83 EPS for the quarter, beating analysts’ consensus estimates of $4.54 by $0.29. The company had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.15 billion. Casey’s General Stores had a return on equity of 17.07% and a net margin of 3.40%. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter last year, the business posted $4.52 EPS. Equities research analysts predict that Casey’s General Stores, Inc. will post 14.22 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend was Friday, November 1st. Casey’s General Stores’s payout ratio is 14.56%.

Casey’s General Stores Company Profile

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.