DMKC Advisory Services LLC Takes Position in Casey's General Stores, Inc. (NASDAQ:CASY)

DMKC Advisory Services LLC acquired a new position in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,200 shares of the company's stock, valued at approximately $475,000.

A number of other large investors have also added to or reduced their stakes in the stock. Private Trust Co. NA increased its holdings in Casey's General Stores by 1.3% during the third quarter. Private Trust Co. NA now owns 2,072 shares of the company's stock worth $778,000 after buying an additional 27 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in Casey's General Stores by 24.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company's stock valued at $59,000 after purchasing an additional 29 shares during the last quarter. Verus Capital Partners LLC lifted its position in Casey's General Stores by 3.1% during the third quarter. Verus Capital Partners LLC now owns 991 shares of the company's stock valued at $372,000 after purchasing an additional 30 shares during the last quarter. Laidlaw Wealth Management LLC lifted its position in Casey's General Stores by 3.1% during the fourth quarter. Laidlaw Wealth Management LLC now owns 1,063 shares of the company's stock valued at $421,000 after purchasing an additional 32 shares during the last quarter. Finally, CIBC Asset Management Inc raised its stake in shares of Casey's General Stores by 3.3% during the third quarter. CIBC Asset Management Inc now owns 1,078 shares of the company's stock worth $405,000 after acquiring an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company's stock.

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Casey's General Stores Stock Up 1.3 %

Shares of CASY stock traded up $5.12 during mid-day trading on Friday, reaching $414.21. 226,895 shares of the company's stock traded hands, compared to its average volume of 272,484. The company has a market cap of $15.37 billion, a P/E ratio of 28.86, a P/E/G ratio of 2.40 and a beta of 0.83. The company's 50-day moving average price is $410.37 and its 200-day moving average price is $398.17. Casey's General Stores, Inc. has a 12 month low of $290.00 and a 12 month high of $445.17. 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 - Get Free Report) last announced its quarterly earnings results on Monday, December 9th. The company reported $4.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.29 by $0.56. The company had revenue of $3.95 billion for the quarter, compared to analysts' expectations of $4.03 billion. Casey's General Stores had a net margin of 3.57% and a return on equity of 17.17%. Casey's General Stores's revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.24 EPS. On average, equities analysts expect that Casey's General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey's General Stores Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 17th. Investors of record on Monday, February 3rd were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend was Monday, February 3rd. Casey's General Stores's payout ratio is 13.94%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CASY shares. Deutsche Bank Aktiengesellschaft lifted their price target on shares of 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. BMO Capital Markets reissued a "market perform" rating and set a $450.00 price objective (up from $400.00) on shares of Casey's General Stores in a research report on Wednesday, December 18th. Evercore ISI boosted their price objective on shares of Casey's General Stores from $460.00 to $470.00 and gave the company an "outperform" rating in a research report on Friday, December 13th. Gordon Haskett raised shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. Finally, StockNews.com downgraded shares of Casey's General Stores from a "buy" rating to a "hold" rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $424.00.

Insider Buying and Selling

In related news, Director Mike Spanos bought 500 shares of the stock in a transaction on Monday, December 23rd. The shares were acquired at an average price of $396.76 per share, for a total transaction 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. The trade was a 19.25 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Katrina S. Lindsey sold 450 shares of the company's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $427.13, for a total transaction of $192,208.50. Following the transaction, the insider now owns 2,247 shares in the company, valued at $959,761.11. This represents a 16.69 % decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by company insiders.

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.