Marks Group Wealth Management Inc Acquires 355 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Marks Group Wealth Management Inc boosted its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,966 shares of the company’s stock after purchasing an additional 355 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Casey’s General Stores were worth $5,930,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. YANKCOM Partnership acquired a new stake in shares of Casey’s General Stores during the 4th quarter worth approximately $34,000. Endeavor Private Wealth Inc. acquired a new stake in Casey’s General Stores in the fourth quarter worth $36,000. Venturi Wealth Management LLC grew its holdings in Casey’s General Stores by 941.7% in the third quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock worth $47,000 after purchasing an additional 113 shares during the period. V Square Quantitative Management LLC increased its stake in Casey’s General Stores by 22.5% in the third quarter. V Square Quantitative Management LLC now owns 158 shares of the company’s stock valued at $59,000 after purchasing an additional 29 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of Casey’s General Stores by 24.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock valued at $59,000 after purchasing an additional 29 shares during the period. 85.63% of the stock is owned by institutional investors and hedge funds.

Casey’s General Stores Price Performance

Casey’s General Stores stock opened at $427.55 on Wednesday. The stock has a market cap of $15.87 billion, a P/E ratio of 29.79, a P/E/G ratio of 2.48 and a beta of 0.83. Casey’s General Stores, Inc. has a 52 week low of $279.99 and a 52 week high of $439.68. 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 company’s 50 day moving average price is $409.15 and its two-hundred day moving average price is $394.31.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Monday, December 9th. The company reported $4.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.29 by $0.56. The business 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 firm’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the company posted $4.24 earnings per share. On average, equities analysts predict that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Announces Dividend

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

Insider Activity at Casey’s General Stores

In other news, insider Katrina S. Lindsey sold 450 shares of the business’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 value of $192,208.50. Following the sale, the insider now owns 2,247 shares of the company’s stock, valued at $959,761.11. The trade was a 16.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mike Spanos acquired 500 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was acquired at an average cost of $396.76 per share, with a total value of $198,380.00. Following the completion of 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 owned by company insiders.

Wall Street Analysts Forecast Growth

CASY has been the subject of several research reports. Royal Bank of Canada raised their target price on Casey’s General Stores from $403.00 to $428.00 and gave the company a “sector perform” rating in a research note on Tuesday, December 10th. Gordon Haskett assumed coverage on Casey’s General Stores in a research note on Monday, November 4th. They issued a “hold” rating and a $400.00 price objective for the company. Evercore ISI upped their target price on 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. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Casey’s General Stores from $451.00 to $454.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $450.00 price target (up previously from $400.00) on shares of Casey’s General Stores in a research report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Casey’s General Stores has a consensus rating of “Moderate Buy” and a consensus target price of $424.00.

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.