AE Wealth Management LLC Has $733,000 Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

AE Wealth Management LLC lessened its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASYGet Rating) by 9.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,621 shares of the company’s stock after selling 391 shares during the period. AE Wealth Management LLC’s holdings in Casey’s General Stores were worth $733,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CASY. Ronald Blue Trust Inc. increased its stake in Casey’s General Stores by 1,200.0% during the 3rd quarter. Ronald Blue Trust Inc. now owns 169 shares of the company’s stock valued at $31,000 after purchasing an additional 156 shares in the last quarter. Meeder Asset Management Inc. increased its stake in Casey’s General Stores by 39.4% during the 2nd quarter. Meeder Asset Management Inc. now owns 198 shares of the company’s stock valued at $37,000 after purchasing an additional 56 shares in the last quarter. New Millennium Group LLC bought a new stake in Casey’s General Stores during the 2nd quarter valued at $57,000. Lumature Wealth Partners LLC increased its stake in Casey’s General Stores by 80.2% during the 1st quarter. Lumature Wealth Partners LLC now owns 310 shares of the company’s stock valued at $61,000 after purchasing an additional 138 shares in the last quarter. Finally, Covestor Ltd increased its stake in Casey’s General Stores by 89.7% during the 1st quarter. Covestor Ltd now owns 330 shares of the company’s stock valued at $66,000 after purchasing an additional 156 shares in the last quarter. Institutional investors and hedge funds own 84.74% of the company’s stock.

Analyst Upgrades and Downgrades

CASY has been the subject of several recent analyst reports. Wells Fargo & Company upped their target price on shares of Casey’s General Stores to $270.00 in a research note on Monday, December 12th. StockNews.com upgraded shares of Casey’s General Stores from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 15th. Northcoast Research lowered shares of Casey’s General Stores from a “buy” rating to a “neutral” rating in a research note on Thursday, December 8th. Stephens upped their target price on shares of Casey’s General Stores from $265.00 to $280.00 and gave the stock an “overweight” rating in a research note on Thursday, December 8th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Casey’s General Stores from $286.00 to $291.00 and gave the stock a “buy” rating in a research note on Thursday, December 8th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $263.88.

Casey’s General Stores Price Performance

CASY opened at $224.77 on Friday. The firm has a market cap of $8.37 billion, a P/E ratio of 20.30 and a beta of 0.82. The firm has a 50-day moving average of $233.88 and a 200 day moving average of $217.08. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.65 and a current ratio of 1.08. Casey’s General Stores, Inc. has a fifty-two week low of $170.82 and a fifty-two week high of $249.90.

Casey’s General Stores Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 15th. Investors of record on Wednesday, February 1st will be given a dividend of $0.38 per share. The ex-dividend date is Tuesday, January 31st. This represents a $1.52 annualized dividend and a yield of 0.68%. Casey’s General Stores’s payout ratio is currently 13.73%.

Casey’s General Stores Company Profile

(Get Rating)

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 a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; beverages; tobacco and nicotine products; health and beauty aids; automotive products; and other nonfood items.

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Institutional Ownership by Quarter for Casey's General Stores (NASDAQ:CASY)

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