Fiduciary Alliance LLC Buys Shares of 2,543 Casey’s General Stores, Inc. $CASY

Fiduciary Alliance LLC purchased a new position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 2,543 shares of the company’s stock, valued at approximately $1,438,000.

Other hedge funds have also recently modified their holdings of the company. Franklin Resources Inc. lifted its position in Casey’s General Stores by 0.3% during the second quarter. Franklin Resources Inc. now owns 708,893 shares of the company’s stock valued at $361,727,000 after purchasing an additional 2,467 shares in the last quarter. Invesco Ltd. raised its stake in shares of Casey’s General Stores by 71.7% in the second quarter. Invesco Ltd. now owns 483,907 shares of the company’s stock worth $246,923,000 after buying an additional 202,033 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Casey’s General Stores by 9.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 448,919 shares of the company’s stock valued at $229,070,000 after buying an additional 37,625 shares in the last quarter. Norges Bank bought a new position in shares of Casey’s General Stores during the 2nd quarter valued at approximately $210,151,000. Finally, Third Point LLC increased its holdings in Casey’s General Stores by 20.0% in the 2nd quarter. Third Point LLC now owns 360,000 shares of the company’s stock worth $183,697,000 after acquiring an additional 60,000 shares in the last quarter. Institutional investors own 85.63% of the company’s stock.

Insider Activity

In other news, insider Chad Michael Frazell sold 3,487 shares of the stock in a transaction that occurred on 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.54% of the stock is owned by company insiders.

Casey’s General Stores Stock Down 1.3%

Shares of CASY stock opened at $547.54 on Friday. The company’s fifty day simple moving average is $547.38 and its two-hundred day simple moving average is $527.79. Casey’s General Stores, Inc. has a 52 week low of $372.08 and a 52 week high of $573.76. The stock has a market cap of $20.30 billion, a P/E ratio of 33.67 and a beta of 0.65. The company has a quick ratio of 0.65, a current ratio of 1.05 and a debt-to-equity ratio of 0.62.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Tuesday, December 9th. The company reported $5.53 earnings per share for the quarter, beating analysts’ consensus estimates of $4.92 by $0.61. The firm had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.51 billion. Casey’s General Stores had a return on equity of 16.89% and a net margin of 3.58%.The business’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter last year, the business posted $4.85 earnings per share. Analysts predict that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Sunday, February 1st will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, January 30th. Casey’s General Stores’s dividend payout ratio is 14.02%.

Analyst Ratings Changes

CASY has been the topic of several analyst reports. KeyCorp reaffirmed an “overweight” rating on shares of Casey’s General Stores in a report on Thursday, December 11th. Zacks Research downgraded shares of Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. The Goldman Sachs Group reiterated a “neutral” rating and issued a $530.00 price target on shares of Casey’s General Stores in a research note on Wednesday, December 10th. Evercore ISI boosted their price objective on Casey’s General Stores from $585.00 to $610.00 and gave the company an “outperform” rating in a research report on Tuesday, December 2nd. Finally, Royal Bank Of Canada upped their price objective on Casey’s General Stores from $570.00 to $591.00 and gave the stock a “sector perform” rating in a research note on Wednesday, December 10th. Seven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $585.67.

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.