Integrity Alliance LLC. Boosts Stock Position in Casey’s General Stores, Inc. $CASY

Integrity Alliance LLC. raised its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 1,773.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,894 shares of the company’s stock after purchasing an additional 16,939 shares during the quarter. Integrity Alliance LLC.’s holdings in Casey’s General Stores were worth $7,767,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Wellington Management Group LLP boosted its stake in shares of Casey’s General Stores by 190.6% in the first quarter. Wellington Management Group LLP now owns 1,244,311 shares of the company’s stock worth $540,081,000 after buying an additional 816,110 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Casey’s General Stores by 42.0% in the first quarter. JPMorgan Chase & Co. now owns 1,036,426 shares of the company’s stock worth $449,851,000 after buying an additional 306,628 shares during the last quarter. Raymond James Financial Inc. boosted its stake in shares of Casey’s General Stores by 8.9% in the first quarter. Raymond James Financial Inc. now owns 649,815 shares of the company’s stock worth $282,045,000 after buying an additional 52,939 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Casey’s General Stores by 54,448.8% in the first quarter. GAMMA Investing LLC now owns 543,852 shares of the company’s stock worth $236,054,000 after buying an additional 542,855 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Casey’s General Stores by 51.5% in the 1st quarter. Bank of New York Mellon Corp now owns 515,603 shares of the company’s stock worth $223,792,000 after purchasing an additional 175,372 shares during the period. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Insider Activity at Casey’s General Stores

In other Casey’s General Stores news, insider Chad Michael Frazell sold 4,808 shares of the firm’s stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $503.97, for a total transaction of $2,423,087.76. Following the completion of the sale, the insider owned 11,480 shares of the company’s stock, valued at $5,785,575.60. This trade represents a 29.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mike Spanos bought 200 shares of the business’s stock in a transaction on Monday, June 30th. The shares were acquired at an average cost of $503.18 per share, with a total value of $100,636.00. Following the purchase, the director owned 3,560 shares of the company’s stock, valued at $1,791,320.80. The trade was a 5.95% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 43,646 shares of company stock valued at $22,136,614 over the last 90 days. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

CASY has been the subject of a number of recent analyst reports. Stephens restated an “overweight” rating and issued a $530.00 price objective on shares of Casey’s General Stores in a research report on Tuesday. The Goldman Sachs Group boosted their price objective on Casey’s General Stores from $385.00 to $450.00 and gave the company a “neutral” rating in a research report on Wednesday, June 11th. Wells Fargo & Company restated an “overweight” rating on shares of Casey’s General Stores in a research report on Monday. Wall Street Zen raised Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Saturday, June 14th. Finally, Royal Bank Of Canada increased their target price on Casey’s General Stores from $468.00 to $542.00 and gave the company a “sector perform” rating in a report on Wednesday, July 9th. Eight analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $486.50.

Casey’s General Stores Price Performance

NASDAQ:CASY opened at $541.30 on Wednesday. Casey’s General Stores, Inc. has a one year low of $362.42 and a one year high of $543.20. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.48 and a current ratio of 0.92. The stock has a market cap of $20.13 billion, a PE ratio of 34.74 and a beta of 0.66. The stock has a 50 day moving average price of $514.22 and a 200 day moving average price of $469.70.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Monday, September 8th. The company reported $5.77 EPS for the quarter, beating the consensus estimate of $5.02 by $0.75. Casey’s General Stores had a return on equity of 17.00% and a net margin of 3.54%.The firm had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.47 billion. During the same quarter last year, the firm earned $4.83 earnings per share. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. Equities research 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 firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Saturday, November 1st will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a $2.28 annualized dividend and a yield of 0.4%. Casey’s General Stores’s dividend payout ratio (DPR) is 15.57%.

Casey’s General Stores Company 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.