Wealthcare Capital Partners LLC Acquires New Holdings in Casey's General Stores, Inc. (NASDAQ:CASY)

Wealthcare Capital Partners LLC acquired a new stake in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 654 shares of the company's stock, valued at approximately $259,000.

Other institutional investors have also added to or reduced their stakes in the company. Soros Capital Management LLC lifted its position in Casey's General Stores by 1,825.6% during the 3rd quarter. Soros Capital Management LLC now owns 27,632 shares of the company's stock worth $10,382,000 after buying an additional 26,197 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Casey's General Stores by 9.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 14,725 shares of the company's stock worth $5,532,000 after buying an additional 1,332 shares in the last quarter. U.S. Capital Wealth Advisors LLC bought a new stake in Casey's General Stores during the 4th quarter worth about $369,000. Lord Abbett & CO. LLC bought a new stake in Casey's General Stores during the 3rd quarter worth about $23,294,000. Finally, JPMorgan Chase & Co. lifted its position in Casey's General Stores by 18.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company's stock worth $285,090,000 after buying an additional 119,350 shares in the last quarter. 85.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on CASY shares. Gordon Haskett raised shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Thursday. Evercore ISI boosted their price target 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. BMO Capital Markets reissued a "market perform" rating and set a $450.00 price target (up from $400.00) on shares of Casey's General Stores in a research report on Wednesday, December 18th. Royal Bank of Canada boosted their price objective on shares of Casey's General Stores from $403.00 to $428.00 and gave the stock a "sector perform" rating in a research note on Tuesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft boosted 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Casey's General Stores has a consensus rating of "Moderate Buy" and an average target price of $424.00.

Casey's General Stores Stock Performance

CASY traded down $8.31 on Friday, reaching $434.24. The company had a trading volume of 166,561 shares, compared to its average volume of 259,675. Casey's General Stores, Inc. has a fifty-two week low of $284.57 and a fifty-two week high of $445.17. The stock has a market cap of $16.12 billion, a P/E ratio of 30.26, a P/E/G ratio of 2.48 and a beta of 0.83. The company's fifty day moving average is $409.99 and its 200 day moving average is $394.93. 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 (NASDAQ:CASY - Get Free Report) last posted its quarterly earnings data on Monday, December 9th. The company reported $4.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.29 by $0.56. The firm had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $4.03 billion. Casey's General Stores had a net margin of 3.57% and a return on equity of 17.17%. The business's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.24 EPS. As a group, analysts predict that Casey's General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey's General Stores Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date is Monday, February 3rd. Casey's General Stores's dividend payout ratio (DPR) is presently 13.94%.

Insider Transactions at Casey's General Stores

In other news, insider Katrina S. Lindsey sold 450 shares of the company's stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $427.13, for a total transaction of $192,208.50. Following the completion of the sale, the insider now owns 2,247 shares of the company's stock, valued at approximately $959,761.11. This represents a 16.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mike Spanos purchased 500 shares of the business's stock in a transaction dated Monday, December 23rd. The shares were purchased at an average cost of $396.76 per share, with a total value of $198,380.00. Following the acquisition, 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 disclosure for this purchase can be found here. 0.56% of the stock is currently owned by insiders.

Casey's General Stores Company 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.