Congress Wealth Management LLC DE Sells 1,750 Shares of Casey's General Stores, Inc. (NASDAQ:CASY)

Congress Wealth Management LLC DE lessened its stake in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 4.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 40,444 shares of the company's stock after selling 1,750 shares during the period. Congress Wealth Management LLC DE owned 0.11% of Casey's General Stores worth $16,026,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Dillon & Associates Inc. grew its stake in shares of Casey's General Stores by 505.5% in the 4th quarter. Dillon & Associates Inc. now owns 9,283 shares of the company's stock valued at $3,676,000 after buying an additional 7,750 shares during the period. Cannon Global Investment Management LLC bought a new position in Casey's General Stores in the fourth quarter worth approximately $951,000. Vanguard Group Inc. grew its stake in Casey's General Stores by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 3,799,104 shares of the company's stock valued at $1,505,319,000 after acquiring an additional 44,295 shares during the period. Stevens Capital Management LP acquired a new position in shares of Casey's General Stores during the fourth quarter worth approximately $307,000. Finally, LPL Financial LLC raised its position in shares of Casey's General Stores by 15.8% during the fourth quarter. LPL Financial LLC now owns 79,483 shares of the company's stock worth $31,459,000 after purchasing an additional 10,853 shares during the period. 85.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on CASY shares. BMO Capital Markets restated 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 downgraded shares of Casey's General Stores from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. 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. Evercore ISI decreased their price objective on Casey's General Stores from $460.00 to $450.00 and set an "outperform" rating for the company in a report on Tuesday, March 11th. Finally, Royal Bank of Canada set a $438.00 target price on Casey's General Stores and gave the company a "sector perform" rating in a report on Wednesday, March 12th. 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 company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $423.09.

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Casey's General Stores Stock Performance

Casey's General Stores stock traded up $7.45 during midday trading on Thursday, reaching $433.45. The stock had a trading volume of 139,907 shares, compared to its average volume of 268,943. The company has a quick ratio of 0.49, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $16.09 billion, a PE ratio of 30.21, a P/E/G ratio of 2.40 and a beta of 0.87. Casey's General Stores, Inc. has a 12 month low of $306.45 and a 12 month high of $445.17. The firm's 50-day moving average price is $411.74 and its 200 day moving average price is $402.14.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last announced its quarterly earnings results on Tuesday, March 11th. The company reported $2.33 EPS for the quarter, beating analysts' consensus estimates of $1.76 by $0.57. Casey's General Stores had a net margin of 3.57% and a return on equity of 17.17%. The company had revenue of $3.90 billion for the quarter, compared to analysts' expectations of $3.74 billion. During the same period in the prior year, the company posted $2.33 EPS. Casey's General Stores's revenue was up 17.2% compared to the same quarter last year. As a group, research analysts predict 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 business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.46%. The ex-dividend date is Thursday, May 1st. Casey's General Stores's dividend payout ratio (DPR) is presently 13.94%.

Insider Activity at Casey's General Stores

In other news, Director Mike Spanos bought 256 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average price of $390.54 per share, with a total value of $99,978.24. Following the acquisition, the director now owns 3,356 shares of the company's stock, valued at approximately $1,310,652.24. The trade was a 8.26 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 0.56% of the stock is currently owned by corporate 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.