Casey's General Stores, Inc. (NASDAQ:CASY) Shares Purchased by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC lifted its stake in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 1,629.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 9,701 shares of the company's stock after buying an additional 9,140 shares during the quarter. United Capital Financial Advisors LLC's holdings in Casey's General Stores were worth $3,844,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Raymond James Financial Inc. bought a new position in shares of Casey's General Stores during the 4th quarter worth $236,500,000. Norges Bank purchased a new stake in shares of Casey's General Stores in the fourth quarter worth $175,607,000. Wellington Management Group LLP raised its stake in shares of Casey's General Stores by 160.1% in the fourth quarter. Wellington Management Group LLP now owns 428,201 shares of the company's stock worth $169,666,000 after purchasing an additional 263,545 shares during the last quarter. Franklin Resources Inc. lifted its holdings 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 acquiring an additional 174,586 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Casey's General Stores by 18.7% during the third quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company's stock valued at $285,090,000 after purchasing an additional 119,350 shares during the period. Institutional investors and hedge funds own 85.63% of the company's stock.

Casey's General Stores Price Performance

Shares of NASDAQ CASY traded up $2.74 during midday trading on Friday, reaching $460.07. The company's stock had a trading volume of 365,373 shares, compared to its average volume of 284,004. The business's 50 day moving average price is $421.46 and its two-hundred day moving average price is $410.75. The company has a market cap of $17.08 billion, a P/E ratio of 32.06, a P/E/G ratio of 2.40 and a beta of 0.74. 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 $309.51 and a fifty-two week high of $468.88.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its quarterly earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.57. The firm had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $3.74 billion. Casey's General Stores had a net margin of 3.57% and a return on equity of 17.17%. The business's revenue was up 17.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.33 earnings per share. On average, analysts forecast that Casey's General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey's General Stores Dividend Announcement

The company also recently announced 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 0.43%. The ex-dividend date is Thursday, May 1st. Casey's General Stores's dividend payout ratio is currently 13.94%.

Insider Buying and Selling at Casey's General Stores

In other Casey's General Stores news, insider Katrina S. Lindsey sold 250 shares of the firm's stock in a transaction on Friday, April 4th. The stock was sold at an average price of $437.01, for a total transaction of $109,252.50. Following the transaction, the insider now directly owns 2,443 shares in the company, valued at $1,067,615.43. This trade represents a 9.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mike Spanos purchased 256 shares of Casey's General Stores stock in a transaction dated Thursday, March 13th. The stock was bought at an average cost of $390.54 per share, with a total value of $99,978.24. Following the completion of the transaction, the director now owns 3,356 shares in the company, valued at approximately $1,310,652.24. This represents a 8.26 % increase in their position. The disclosure for this purchase can be found here. 0.56% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. KeyCorp initiated coverage on shares of Casey's General Stores in a research report on Friday, April 11th. They set an "overweight" rating and a $500.00 target price on the stock. Stephens raised shares of Casey's General Stores to a "strong-buy" rating in a research note on Monday, April 7th. StockNews.com downgraded Casey's General Stores from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. Evercore ISI upped their price objective on shares of Casey's General Stores from $450.00 to $460.00 and gave the company an "outperform" rating in a research note on Tuesday, April 1st. Finally, Gordon Haskett upgraded shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $430.33.

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.