TD Private Client Wealth LLC Sells 2,163 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

TD Private Client Wealth LLC cut its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 96.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 72 shares of the company’s stock after selling 2,163 shares during the period. TD Private Client Wealth LLC’s holdings in Casey’s General Stores were worth $27,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Casey’s General Stores by 80.1% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,800 shares of the company’s stock valued at $1,068,000 after buying an additional 1,245 shares during the period. Blue Trust Inc. grew its holdings in shares of Casey’s General Stores by 227.1% during the 2nd quarter. Blue Trust Inc. now owns 350 shares of the company’s stock worth $134,000 after purchasing an additional 243 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Casey’s General Stores by 6.8% during the second quarter. Nisa Investment Advisors LLC now owns 13,871 shares of the company’s stock valued at $5,293,000 after purchasing an additional 889 shares during the period. Summit Global Investments raised its stake in shares of Casey’s General Stores by 157.4% in the second quarter. Summit Global Investments now owns 3,423 shares of the company’s stock valued at $1,306,000 after purchasing an additional 2,093 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in Casey’s General Stores by 18.6% in the second quarter. Fifth Third Bancorp now owns 1,694 shares of the company’s stock worth $646,000 after purchasing an additional 266 shares during the period. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Casey’s General Stores Trading Down 0.2 %

Shares of CASY opened at $424.51 on Tuesday. The stock has a fifty day moving average price of $406.08 and a two-hundred day moving average price of $382.79. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.44 and a current ratio of 0.88. The company has a market cap of $15.76 billion, a price-to-earnings ratio of 29.58 and a beta of 0.80. Casey’s General Stores, Inc. has a 52-week low of $268.07 and a 52-week high of $439.68.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Monday, December 9th. The company reported $4.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.29 by $0.56. The business had revenue of $3.95 billion for 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.24 EPS. Analysts predict that Casey’s General Stores, Inc. will post 14.28 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

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

Insider Activity at Casey’s General Stores

In other Casey’s General Stores news, Director Mike Spanos bought 267 shares of Casey’s General Stores stock in a transaction dated Wednesday, September 18th. The shares were bought at an average price of $376.18 per share, with a total value of $100,440.06. Following the purchase, the director now owns 2,594 shares of the company’s stock, valued at $975,810.92. This trade represents a 11.47 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Katrina S. Lindsey sold 450 shares of Casey’s General Stores stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $427.13, for a total transaction of $192,208.50. Following 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 disclosure for this sale can be found here. 0.56% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CASY. Wells Fargo & Company boosted their price target on shares of Casey’s General Stores from $415.00 to $425.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Gordon Haskett initiated coverage on shares of Casey’s General Stores in a research report on Monday, November 4th. They issued a “hold” rating and a $400.00 price target for the company. Evercore ISI lifted their price objective on Casey’s General Stores from $460.00 to $470.00 and gave the company an “outperform” rating in a report on Friday. Benchmark reissued a “buy” rating and issued a $410.00 target price on shares of Casey’s General Stores in a report on Tuesday, September 10th. Finally, JPMorgan Chase & Co. downgraded Casey’s General Stores from a “neutral” rating to an “underweight” rating and raised their target price for the stock from $300.00 to $337.00 in a research report on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $419.45.

Casey’s General Stores 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.