OneAscent Family Office LLC Decreases Stock Position in Casey’s General Stores, Inc. $CASY

OneAscent Family Office LLC lessened its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 49.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 544 shares of the company’s stock after selling 532 shares during the period. OneAscent Family Office LLC’s holdings in Casey’s General Stores were worth $278,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CASY. Summit Securities Group LLC bought a new stake in shares of Casey’s General Stores in the first quarter valued at approximately $32,000. Rossby Financial LCC lifted its holdings in Casey’s General Stores by 580.0% during the 2nd quarter. Rossby Financial LCC now owns 68 shares of the company’s stock worth $35,000 after purchasing an additional 58 shares in the last quarter. Iron Horse Wealth Management LLC grew its holdings in 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 buying an additional 26 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Casey’s General Stores during the second quarter valued at about $42,000. Finally, WPG Advisers LLC bought a new position in shares of Casey’s General Stores in the first quarter valued at approximately $47,000. 85.63% of the stock is currently owned by institutional investors.

Casey’s General Stores Stock Performance

NASDAQ CASY opened at $525.64 on Thursday. The company has a 50-day simple moving average of $540.34 and a two-hundred day simple moving average of $506.66. Casey’s General Stores, Inc. has a 12-month low of $372.08 and a 12-month high of $572.18. The firm has a market cap of $19.54 billion, a price-to-earnings ratio of 33.74 and a beta of 0.68. The company has a quick ratio of 0.61, a current ratio of 1.03 and a debt-to-equity ratio of 0.65.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Monday, September 8th. The company reported $5.77 EPS for the quarter, topping the consensus estimate of $5.02 by $0.75. The firm had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.47 billion. Casey’s General Stores had a return on equity of 16.73% and a net margin of 3.54%.The company’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.83 earnings per share. On average, equities analysts forecast that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CASY shares. Zacks Research raised shares of Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Evercore ISI upped their price target on shares of Casey’s General Stores from $580.00 to $585.00 and gave the stock an “outperform” rating in a report on Tuesday, October 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Casey’s General Stores in a research note on Wednesday, October 8th. Wells Fargo & Company began coverage on Casey’s General Stores in a research report on Wednesday, October 15th. They set an “overweight” rating and a $610.00 target price for the company. Finally, The Goldman Sachs Group lifted their price target 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. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $564.00.

Insider Activity

In related news, insider Chad Michael Frazell sold 3,487 shares of Casey’s General Stores stock in a transaction on Monday, September 29th. The shares were sold at an average price of $555.40, for a total value of $1,936,679.80. Following the sale, the insider owned 7,993 shares in the company, valued at $4,439,312.20. The trade was a 30.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.54% of the stock is owned by insiders.

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.