WealthPlan Investment Management LLC Lowers Stock Holdings in Casey's General Stores, Inc. (NASDAQ:CASY)

WealthPlan Investment Management LLC decreased its position in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 8.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 37,667 shares of the company's stock after selling 3,456 shares during the quarter. Casey's General Stores makes up about 1.5% of WealthPlan Investment Management LLC's holdings, making the stock its 13th largest position. WealthPlan Investment Management LLC owned 0.10% of Casey's General Stores worth $14,925,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Soros Capital Management LLC grew its holdings in shares of Casey's General Stores by 1,825.6% during the third quarter. Soros Capital Management LLC now owns 27,632 shares of the company's stock worth $10,382,000 after purchasing an additional 26,197 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Casey's General Stores by 9.9% during the third 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 during the period. U.S. Capital Wealth Advisors LLC acquired a new stake in shares of Casey's General Stores during the fourth quarter worth about $369,000. Lord Abbett & CO. LLC acquired a new stake in shares of Casey's General Stores during the third quarter worth about $23,294,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Casey's General Stores by 18.7% during the third 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 during the period. Hedge funds and other institutional investors own 85.63% of the company's stock.

Casey's General Stores Price Performance

Casey's General Stores stock traded up $0.23 during mid-day trading on Wednesday, reaching $426.21. The company had a trading volume of 239,003 shares, compared to its average volume of 264,450. Casey's General Stores, Inc. has a 1 year low of $286.46 and a 1 year high of $445.17. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. The company has a market capitalization of $15.82 billion, a P/E ratio of 29.70, a P/E/G ratio of 2.46 and a beta of 0.83. The stock's 50-day simple moving average is $410.62 and its 200-day simple moving average is $396.28.

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 (EPS) 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 company had revenue of $3.95 billion during the quarter, compared to analysts' expectations of $4.03 billion. During the same period last year, the company posted $4.24 earnings per share. The firm's quarterly revenue was down 2.9% compared to the same quarter last year. On average, equities analysts predict that Casey's General Stores, Inc. will post 13.94 EPS for the current year.

Casey's General Stores Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 17th. Shareholders of record on Monday, February 3rd were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.00 dividend on an annualized basis and a yield of 0.47%. Casey's General Stores's dividend payout ratio (DPR) is presently 13.94%.

Insider Buying and Selling at Casey's General Stores

In other news, insider Katrina S. Lindsey sold 450 shares of the firm'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 transaction, the insider now directly owns 2,247 shares of the company's stock, valued at $959,761.11. This trade represents a 16.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mike Spanos acquired 500 shares of the company's stock in a transaction dated Monday, December 23rd. The shares were acquired at an average cost of $396.76 per share, with a total value of $198,380.00. Following the completion of the purchase, the director now owns 3,097 shares in the company, valued at approximately $1,228,765.72. This represents a 19.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.56% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft increased their target price 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. Royal Bank of Canada increased their target price 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. StockNews.com upgraded shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Tuesday. 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. Finally, BMO Capital Markets restated a "market perform" rating and issued 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $424.00.

Casey's General Stores 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.