Diversify Wealth Management LLC Sells 102 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Diversify Wealth Management LLC cut its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 5.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,858 shares of the company’s stock after selling 102 shares during the quarter. Diversify Wealth Management LLC’s holdings in Casey’s General Stores were worth $717,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CASY. Intech Investment Management LLC purchased a new position in Casey’s General Stores in the 2nd quarter worth approximately $1,657,000. AE Wealth Management LLC raised its stake in shares of Casey’s General Stores by 26.6% in the second quarter. AE Wealth Management LLC now owns 941 shares of the company’s stock worth $359,000 after purchasing an additional 198 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Casey’s General Stores by 19.1% during the second quarter. Pacer Advisors Inc. now owns 7,650 shares of the company’s stock valued at $2,919,000 after purchasing an additional 1,225 shares in the last quarter. Sei Investments Co. boosted its position in shares of Casey’s General Stores by 20.1% during the second quarter. Sei Investments Co. now owns 54,234 shares of the company’s stock valued at $20,692,000 after buying an additional 9,085 shares during the last quarter. Finally, Gabelli Funds LLC increased its holdings in Casey’s General Stores by 6.7% in the 2nd quarter. Gabelli Funds LLC now owns 8,000 shares of the company’s stock worth $3,052,000 after buying an additional 500 shares in the last quarter. Institutional investors own 85.63% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Royal Bank of Canada upped their target price on shares of Casey’s General Stores from $403.00 to $428.00 and gave the company a “sector perform” rating in a research note on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. BMO Capital Markets reissued a “market perform” rating and set a $450.00 price target (up from $400.00) on shares of Casey’s General Stores in a report on Wednesday, December 18th. StockNews.com downgraded Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 13th. Finally, Gordon Haskett began coverage on Casey’s General Stores in a report on Monday, November 4th. They issued a “hold” rating and a $400.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $424.00.

Casey’s General Stores Stock Up 2.8 %

CASY stock opened at $402.41 on Wednesday. The business’s 50-day moving average price is $407.81 and its 200-day moving average price is $389.53. The stock has a market cap of $14.94 billion, a P/E ratio of 28.04, a PEG ratio of 2.23 and a beta of 0.82. Casey’s General Stores, Inc. has a twelve month low of $268.07 and a twelve month high of $439.68. The company has a quick ratio of 0.49, a current ratio of 0.88 and a debt-to-equity ratio of 0.74.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Monday, December 9th. The company reported $4.85 earnings per share for the quarter, beating the consensus estimate of $4.29 by $0.56. The business had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $4.03 billion. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.24 earnings per share. On average, equities research analysts forecast that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be given a $0.50 dividend. The ex-dividend date is Monday, February 3rd. This represents a $2.00 annualized dividend and a dividend yield of 0.50%. Casey’s General Stores’s payout ratio is 13.94%.

Insider Transactions at Casey’s General Stores

In related news, Director Mike Spanos acquired 500 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was acquired at an average price of $396.76 per share, with a total value of $198,380.00. Following the acquisition, the director now directly owns 3,097 shares of the company’s stock, valued at approximately $1,228,765.72. This trade represents a 19.25 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, insider Katrina S. Lindsey sold 450 shares of Casey’s General Stores stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $427.13, for a total value of $192,208.50. Following the completion of the sale, the insider now directly owns 2,247 shares in the company, valued at $959,761.11. This trade represents a 16.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company’s stock.

About Casey’s General Stores

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.