WealthPLAN Partners LLC Sells 7,420 Shares of Casey's General Stores, Inc. (NASDAQ:CASY)

WealthPLAN Partners LLC lessened its stake in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 32.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,389 shares of the company's stock after selling 7,420 shares during the quarter. WealthPLAN Partners LLC's holdings in Casey's General Stores were worth $5,782,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new stake in shares of Casey's General Stores during the third quarter valued at about $959,880,000. Millennium Management LLC grew its stake in Casey's General Stores by 3,846.1% during the 2nd quarter. Millennium Management LLC now owns 172,320 shares of the company's stock worth $65,750,000 after buying an additional 176,920 shares during the last quarter. Scout Investments Inc. raised its stake in shares of Casey's General Stores by 138.2% during the first quarter. Scout Investments Inc. now owns 179,051 shares of the company's stock valued at $56,467,000 after purchasing an additional 103,879 shares in the last quarter. Bridges Investment Management Inc. grew its holdings in Casey's General Stores by 110.0% during the second quarter. Bridges Investment Management Inc. now owns 177,190 shares of the company's stock worth $67,609,000 after acquiring an additional 92,813 shares during the period. Finally, American Century Companies Inc. increased its position in shares of Casey's General Stores by 189.1% in the second quarter. American Century Companies Inc. now owns 132,375 shares of the company's stock worth $50,509,000 after acquiring an additional 86,582 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company's stock.

Insider Transactions at Casey's General Stores

In other news, Director Mike Spanos acquired 267 shares of Casey's General Stores stock in a transaction on Wednesday, September 18th. The stock was acquired at an average cost of $376.18 per share, with a total value of $100,440.06. Following the transaction, the director now owns 2,594 shares of the company's stock, valued at approximately $975,810.92. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Mike Spanos acquired 267 shares of the firm's stock in a transaction that occurred on Wednesday, September 18th. The stock was acquired at an average price of $376.18 per share, for a total transaction of $100,440.06. Following the completion of the acquisition, the director now owns 2,594 shares of the company's stock, valued at approximately $975,810.92. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Darren M. Rebelez sold 13,500 shares of the firm's stock in a transaction on Friday, September 6th. The stock was sold at an average price of $374.54, for a total value of $5,056,290.00. Following the completion of the sale, the chief executive officer now directly owns 73,838 shares of the company's stock, valued at $27,655,284.52. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by insiders.

Casey's General Stores Price Performance

Shares of CASY traded up $3.86 during trading hours on Tuesday, reaching $414.83. The stock had a trading volume of 53,726 shares, compared to its average volume of 268,595. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.44 and a current ratio of 0.84. The stock has a market capitalization of $15.40 billion, a PE ratio of 29.91 and a beta of 0.79. Casey's General Stores, Inc. has a 12 month low of $266.56 and a 12 month high of $420.27. The company's 50-day moving average is $383.05 and its two-hundred day moving average is $367.39.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its quarterly earnings results on Wednesday, September 4th. The company reported $4.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.54 by $0.29. Casey's General Stores had a net margin of 3.40% and a return on equity of 17.07%. The firm had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter in the previous year, the company earned $4.52 EPS. The company's revenue for the quarter was up 5.9% on a year-over-year basis. Research analysts expect that Casey's General Stores, Inc. will post 14.24 EPS for the current year.

Casey's General Stores Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.48%. The ex-dividend date is Friday, November 1st. Casey's General Stores's payout ratio is currently 14.56%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CASY shares. Evercore ISI raised their price objective on Casey's General Stores from $435.00 to $440.00 and gave the company an "outperform" rating in a research note on Wednesday, October 16th. Gordon Haskett started coverage on Casey's General Stores in a research note on Monday, November 4th. They set a "hold" rating and a $400.00 price target on the stock. StockNews.com lowered shares of Casey's General Stores from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 3rd. Wells Fargo & Company lifted their price target on Casey's General Stores from $415.00 to $425.00 and gave the company an "overweight" rating in a research note on Friday, September 6th. Finally, Royal Bank of Canada boosted their price target on shares of Casey's General Stores from $393.00 to $403.00 and gave the stock a "sector perform" rating in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $408.25.

Casey's General Stores Company Profile

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.