U.S. Capital Wealth Advisors LLC Makes New Investment in Casey's General Stores, Inc. (NASDAQ:CASY)

U.S. Capital Wealth Advisors LLC purchased a new stake in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 932 shares of the company's stock, valued at approximately $369,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Endeavor Private Wealth Inc. bought a new stake in shares of Casey's General Stores in the fourth quarter worth about $36,000. Venturi Wealth Management LLC grew its position in Casey's General Stores by 941.7% in the third quarter. Venturi Wealth Management LLC now owns 125 shares of the company's stock valued at $47,000 after purchasing an additional 113 shares in the last quarter. V Square Quantitative Management LLC increased its position in shares of Casey's General Stores by 22.5% in the third quarter. V Square Quantitative Management LLC now owns 158 shares of the company's stock valued at $59,000 after acquiring an additional 29 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Casey's General Stores by 24.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company's stock worth $59,000 after purchasing an additional 29 shares during the last quarter. Finally, Kennebec Savings Bank bought a new position in shares of Casey's General Stores in the third quarter valued at $76,000. Institutional investors and hedge funds own 85.63% of the company's stock.

Casey's General Stores Price Performance

Shares of Casey's General Stores stock traded up $5.35 during trading on Monday, reaching $432.17. 332,770 shares of the company's stock were exchanged, compared to its average volume of 261,637. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88. The company has a market cap of $16.04 billion, a P/E ratio of 30.12, a PEG ratio of 2.48 and a beta of 0.83. Casey's General Stores, Inc. has a 1-year low of $279.99 and a 1-year high of $439.68. The firm's 50-day moving average price is $408.95 and its 200 day moving average price is $394.06.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its earnings results on Monday, December 9th. The company reported $4.85 earnings per share for the quarter, beating analysts' consensus estimates of $4.29 by $0.56. Casey's General Stores had a net margin of 3.57% and a return on equity of 17.17%. The firm had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.03 billion. During the same quarter last year, the business posted $4.24 earnings per share. The company's quarterly revenue was down 2.9% on a year-over-year basis. As a group, research analysts anticipate that Casey's General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey's General Stores Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 17th. Shareholders of record on Monday, February 3rd will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend is Monday, February 3rd. Casey's General Stores's dividend payout ratio (DPR) is currently 13.94%.

Analysts Set New Price Targets

Several research firms have issued reports on CASY. Royal Bank of Canada upped their price objective on 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. Gordon Haskett began coverage on Casey's General Stores in a report on Monday, November 4th. They set a "hold" rating and a $400.00 price objective for the company. BMO Capital Markets reiterated a "market perform" rating and set a $450.00 price objective (up previously from $400.00) on shares of Casey's General Stores in a research report on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft lifted their price objective 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. Finally, Evercore ISI increased their target price on shares of 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $424.00.

Insider Activity at Casey's General Stores

In other news, Director Mike Spanos acquired 500 shares of Casey's General Stores stock in a transaction dated Monday, December 23rd. The shares were bought at an average cost of $396.76 per share, with a total value of $198,380.00. Following the purchase, the director now owns 3,097 shares in the company, valued at $1,228,765.72. This trade represents a 19.25 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Katrina S. Lindsey sold 450 shares of the firm'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 sale, the insider now directly owns 2,247 shares of the company's stock, 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.

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.