Wealthcare Capital Partners LLC Buys New Shares in Casey’s General Stores, Inc. (NASDAQ:CASY)

Wealthcare Capital Partners LLC purchased a new stake in Casey’s General Stores, Inc. (NASDAQ:CASY) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 654 shares of the company’s stock, valued at approximately $259,000.

Several other hedge funds have also made changes to their positions in CASY. Atomi Financial Group Inc. lifted its position in shares of Casey’s General Stores by 10.0% in the 3rd quarter. Atomi Financial Group Inc. now owns 582 shares of the company’s stock valued at $219,000 after acquiring an additional 53 shares in the last quarter. Ritholtz Wealth Management lifted its position in shares of Casey’s General Stores by 4.9% in the 3rd quarter. Ritholtz Wealth Management now owns 1,636 shares of the company’s stock valued at $615,000 after acquiring an additional 77 shares in the last quarter. CHICAGO TRUST Co NA purchased a new stake in shares of Casey’s General Stores in the 3rd quarter valued at approximately $253,000. Koshinski Asset Management Inc. lifted its position in shares of Casey’s General Stores by 237.4% in the 3rd quarter. Koshinski Asset Management Inc. now owns 2,463 shares of the company’s stock valued at $925,000 after acquiring an additional 1,733 shares in the last quarter. Finally, Wedge Capital Management L L P NC lifted its position in shares of Casey’s General Stores by 7.7% in the 3rd quarter. Wedge Capital Management L L P NC now owns 129,480 shares of the company’s stock valued at $48,647,000 after acquiring an additional 9,302 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Analyst Ratings Changes

CASY has been the topic of several research reports. BMO Capital Markets reiterated 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. Gordon Haskett initiated coverage on shares of Casey’s General Stores in a research note on Monday, November 4th. They issued a “hold” rating and a $400.00 price objective on the stock. StockNews.com lowered shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Casey’s General Stores from $451.00 to $454.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, Evercore ISI upped their price objective on shares of Casey’s General Stores from $460.00 to $470.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $424.00.

Insider Buying and Selling

In related news, Director Mike Spanos purchased 500 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were bought at an average cost of $396.76 per share, for a total transaction of $198,380.00. Following the transaction, the director now directly owns 3,097 shares of the company’s stock, valued at approximately $1,228,765.72. This trade represents a 19.25 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Katrina S. Lindsey sold 450 shares of the firm’s 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 completion of the sale, the insider now owns 2,247 shares in the company, valued at $959,761.11. This represents 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.

Casey’s General Stores Stock Performance

Shares of CASY opened at $432.17 on Tuesday. The company’s fifty day moving average is $408.95 and its 200-day moving average is $394.06. Casey’s General Stores, Inc. has a 12 month low of $279.99 and a 12 month high of $439.68. The firm has a market cap of $16.04 billion, a price-to-earnings ratio of 30.12, a price-to-earnings-growth ratio of 2.48 and a beta of 0.83. The company has a quick ratio of 0.49, a current ratio of 0.88 and a debt-to-equity ratio of 0.74.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Monday, December 9th. The company reported $4.85 EPS for the quarter, topping the consensus estimate of $4.29 by $0.56. The firm had revenue of $3.95 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the firm posted $4.24 EPS. Equities analysts expect that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 17th. Investors of record on Monday, February 3rd will be issued a $0.50 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.00 annualized dividend and a yield of 0.46%. Casey’s General Stores’s dividend payout ratio (DPR) is presently 13.94%.

About Casey’s General Stores

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.