444 Shares in Casey’s General Stores, Inc. $CASY Acquired by Philip James Wealth Mangement LLC

Philip James Wealth Mangement LLC acquired a new position in Casey’s General Stores, Inc. (NASDAQ:CASY) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 444 shares of the company’s stock, valued at approximately $227,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Flagship Harbor Advisors LLC lifted its holdings in shares of Casey’s General Stores by 4.1% during the 1st quarter. Flagship Harbor Advisors LLC now owns 590 shares of the company’s stock valued at $256,000 after purchasing an additional 23 shares during the last quarter. Sunbelt Securities Inc. lifted its holdings in shares of Casey’s General Stores by 1.4% during the 1st quarter. Sunbelt Securities Inc. now owns 1,870 shares of the company’s stock valued at $812,000 after purchasing an additional 26 shares during the last quarter. Iron Horse Wealth Management LLC lifted its holdings in shares of Casey’s General Stores by 40.0% during the 1st quarter. Iron Horse Wealth Management LLC now owns 91 shares of the company’s stock valued at $40,000 after purchasing an additional 26 shares during the last quarter. Menard Financial Group LLC lifted its holdings in shares of Casey’s General Stores by 2.1% during the 1st quarter. Menard Financial Group LLC now owns 1,290 shares of the company’s stock valued at $603,000 after purchasing an additional 27 shares during the last quarter. Finally, Accurate Wealth Management LLC lifted its holdings in shares of Casey’s General Stores by 3.9% during the 2nd quarter. Accurate Wealth Management LLC now owns 727 shares of the company’s stock valued at $381,000 after purchasing an additional 27 shares during the last quarter. Institutional investors own 85.63% of the company’s stock.

Insider Activity at Casey’s General Stores

In other news, insider Chad Michael Frazell sold 3,487 shares of the firm’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $555.40, for a total transaction of $1,936,679.80. Following the sale, the insider directly owned 7,993 shares in the company, valued at $4,439,312.20. This trade represents a 30.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is owned by company insiders.

Casey’s General Stores Price Performance

NASDAQ:CASY opened at $559.16 on Thursday. Casey’s General Stores, Inc. has a 52 week low of $363.00 and a 52 week high of $571.57. The company has a quick ratio of 0.61, a current ratio of 1.03 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $20.79 billion, a PE ratio of 35.89 and a beta of 0.68. The stock’s 50-day moving average price is $524.90 and its 200-day moving average price is $485.74.

Casey’s General Stores (NASDAQ:CASY) last posted its earnings results on Monday, September 8th. The company reported $5.77 EPS for the quarter, beating analysts’ consensus estimates of $5.02 by $0.75. Casey’s General Stores had a return on equity of 16.73% and a net margin of 3.54%.The firm had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.47 billion. During the same period last year, the firm earned $4.83 EPS. The company’s quarterly revenue was up 11.5% on a year-over-year basis. As a group, equities analysts expect that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Saturday, November 1st will be given a dividend of $0.57 per share. The ex-dividend date is Friday, October 31st. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.4%. Casey’s General Stores’s dividend payout ratio (DPR) is 14.63%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. BMO Capital Markets increased their price objective on Casey’s General Stores from $515.00 to $540.00 and gave the company a “market perform” rating in a report on Wednesday, September 10th. The Goldman Sachs Group upped their target price on Casey’s General Stores from $450.00 to $490.00 and gave the company a “neutral” rating in a research report on Wednesday, September 10th. Wells Fargo & Company upped their target price on Casey’s General Stores from $540.00 to $580.00 and gave the company an “overweight” rating in a research report on Monday, September 8th. Stephens reissued an “overweight” rating and issued a $530.00 target price on shares of Casey’s General Stores in a research report on Tuesday, September 9th. Finally, Jefferies Financial Group upped their target price on Casey’s General Stores from $575.00 to $600.00 and gave the company a “buy” rating in a research report on Tuesday, September 9th. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $529.10.

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.