Marks Group Wealth Management Inc Buys 355 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Marks Group Wealth Management Inc increased its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 2.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 14,966 shares of the company’s stock after acquiring an additional 355 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Casey’s General Stores were worth $5,930,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of CASY. International Assets Investment Management LLC purchased a new stake in shares of Casey’s General Stores in the 3rd quarter valued at about $959,880,000. Franklin Resources Inc. raised its stake in Casey’s General Stores by 49.9% in the third quarter. Franklin Resources Inc. now owns 524,237 shares of the company’s stock valued at $204,861,000 after purchasing an additional 174,586 shares in the last quarter. Benjamin Edwards Inc. lifted its position in Casey’s General Stores by 1,819.1% during the third quarter. Benjamin Edwards Inc. now owns 130,291 shares of the company’s stock valued at $48,959,000 after purchasing an additional 123,502 shares during the last quarter. Wellington Management Group LLP grew its stake in Casey’s General Stores by 281.4% in the 3rd quarter. Wellington Management Group LLP now owns 164,656 shares of the company’s stock worth $61,863,000 after buying an additional 121,488 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Casey’s General Stores by 18.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company’s stock worth $285,090,000 after buying an additional 119,350 shares during the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Stock Performance

NASDAQ:CASY opened at $427.55 on Wednesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88. Casey’s General Stores, Inc. has a fifty-two week low of $279.99 and a fifty-two week high of $439.68. The firm has a market cap of $15.87 billion, a PE ratio of 29.79, a price-to-earnings-growth ratio of 2.48 and a beta of 0.83. The business has a 50 day moving average price of $409.15 and a 200-day moving average price of $394.31.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Monday, December 9th. The company reported $4.85 EPS for the quarter, beating analysts’ consensus estimates of $4.29 by $0.56. The company had revenue of $3.95 billion during the quarter, compared to analyst estimates of $4.03 billion. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The firm’s revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the business posted $4.24 EPS. Equities research analysts predict that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.50 per share. The ex-dividend date is Monday, February 3rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.47%. Casey’s General Stores’s dividend payout ratio is currently 13.94%.

Analysts Set New Price Targets

CASY has been the subject of a number of research analyst reports. Royal Bank of Canada lifted their price objective on shares of Casey’s General Stores from $403.00 to $428.00 and gave the stock a “sector perform” rating in a report on Tuesday, December 10th. BMO Capital Markets reaffirmed a “market perform” rating and set a $450.00 price target (up previously from $400.00) on shares of Casey’s General Stores in a research note on Wednesday, December 18th. StockNews.com lowered Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Monday. Evercore ISI boosted their target price on Casey’s General Stores from $460.00 to $470.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Casey’s General Stores has an average rating of “Moderate Buy” and a consensus price target of $424.00.

Insider Buying and Selling

In related news, Director Mike Spanos bought 500 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were purchased at an average price of $396.76 per share, with a total value of $198,380.00. Following the purchase, the director now 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 position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Katrina S. Lindsey sold 450 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $427.13, for a total value of $192,208.50. Following the transaction, the insider now owns 2,247 shares in the company, valued at $959,761.11. This trade represents a 16.69 % decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is owned by insiders.

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.