Banco Bilbao Vizcaya Argentaria S.A. Has $352,000 Stake in Casey’s General Stores, Inc. $CASY

Banco Bilbao Vizcaya Argentaria S.A. lessened its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 66.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 703 shares of the company’s stock after selling 1,362 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Casey’s General Stores were worth $352,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Valmark Advisers Inc. increased its holdings in Casey’s General Stores by 0.5% during the 2nd quarter. Valmark Advisers Inc. now owns 4,404 shares of the company’s stock worth $2,247,000 after purchasing an additional 21 shares in the last quarter. Menard Financial Group LLC boosted its position in Casey’s General Stores by 2.1% in the first quarter. Menard Financial Group LLC now owns 1,290 shares of the company’s stock worth $603,000 after purchasing an additional 27 shares during the last quarter. Accurate Wealth Management LLC boosted its position in Casey’s General Stores by 3.9% in the second quarter. Accurate Wealth Management LLC now owns 727 shares of the company’s stock worth $381,000 after purchasing an additional 27 shares during the last quarter. Wallace Advisory Group LLC grew its stake in Casey’s General Stores by 5.6% in the 2nd quarter. Wallace Advisory Group LLC now owns 543 shares of the company’s stock valued at $277,000 after purchasing an additional 29 shares during the period. Finally, Moors & Cabot Inc. increased its holdings in Casey’s General Stores by 0.3% during the second quarter. Moors & Cabot Inc. now owns 10,619 shares of the company’s stock worth $5,418,000 after buying an additional 30 shares during the last quarter. Institutional investors own 85.63% of the company’s stock.

Insider Buying and Selling

In other Casey’s General Stores news, insider Chad Michael Frazell sold 3,487 shares of the company’s 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 completion of the transaction, the insider directly owned 7,993 shares in the company, valued at approximately $4,439,312.20. This represents a 30.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on CASY. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Casey’s General Stores in a report on Thursday, November 13th. Evercore ISI boosted their price target on shares of Casey’s General Stores from $580.00 to $585.00 and gave the company an “outperform” rating in a research report on Tuesday, October 21st. KeyCorp raised their price target on Casey’s General Stores from $550.00 to $575.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Jefferies Financial Group increased their target price on shares of Casey’s General Stores from $575.00 to $600.00 and gave the stock a “buy” rating in a research note on Tuesday, September 9th. Finally, The Goldman Sachs Group upped their target price on Casey’s General Stores from $450.00 to $490.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 10th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $564.00.

Casey’s General Stores Trading Up 2.2%

NASDAQ CASY opened at $548.32 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 0.61 and a debt-to-equity ratio of 0.65. Casey’s General Stores, Inc. has a 1-year low of $372.08 and a 1-year high of $572.18. The firm has a market cap of $20.39 billion, a PE ratio of 35.19 and a beta of 0.66. The stock has a 50-day moving average of $545.81 and a 200-day moving average of $512.12.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data 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 net margin of 3.54% and a return on equity of 16.73%. The firm had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.47 billion. During the same period in the prior year, the firm posted $4.83 earnings per share. The company’s quarterly revenue was up 11.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Saturday, November 1st were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Friday, October 31st. Casey’s General Stores’s payout ratio is presently 14.63%.

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.