GWN Securities Inc. Sells 177 Shares of Casey’s General Stores, Inc. $CASY

GWN Securities Inc. decreased its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 2.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,251 shares of the company’s stock after selling 177 shares during the quarter. GWN Securities Inc.’s holdings in Casey’s General Stores were worth $3,196,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in CASY. Valmark Advisers Inc. lifted its position in Casey’s General Stores by 0.5% in the 2nd quarter. Valmark Advisers Inc. now owns 4,404 shares of the company’s stock valued at $2,247,000 after acquiring an additional 21 shares in the last quarter. Iron Horse Wealth Management LLC raised its stake in shares of Casey’s General Stores by 40.0% in the first quarter. Iron Horse Wealth Management LLC now owns 91 shares of the company’s stock worth $40,000 after purchasing an additional 26 shares during the last quarter. Menard Financial Group LLC raised its stake in shares of Casey’s General Stores by 2.1% in the first quarter. Menard Financial Group LLC now owns 1,290 shares of the company’s stock worth $603,000 after purchasing an additional 27 shares during the last quarter. Accurate Wealth Management LLC raised its stake in shares of Casey’s General Stores by 3.9% in the second quarter. Accurate Wealth Management LLC now owns 727 shares of the company’s stock worth $381,000 after purchasing an additional 27 shares during the last quarter. Finally, Applied Capital LLC FL raised its stake in shares of Casey’s General Stores by 4.4% in the first quarter. Applied Capital LLC FL now owns 659 shares of the company’s stock worth $286,000 after purchasing an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Trading Up 0.9%

Casey’s General Stores stock opened at $535.95 on Tuesday. The business has a 50-day simple moving average of $537.78 and a two-hundred day simple moving average of $503.46. The company has a market cap of $19.93 billion, a P/E ratio of 34.40 and a beta of 0.68. Casey’s General Stores, Inc. has a 52-week low of $372.08 and a 52-week high of $572.18. The company has a quick ratio of 0.61, a current ratio of 1.03 and a debt-to-equity ratio of 0.65.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Monday, September 8th. The company reported $5.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.02 by $0.75. The company had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.47 billion. Casey’s General Stores had a net margin of 3.54% and a return on equity of 16.73%. The firm’s revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the firm posted $4.83 earnings per share. Analysts predict that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Saturday, November 1st will be given a $0.57 dividend. The ex-dividend date is Friday, October 31st. This represents a $2.28 annualized dividend and a yield of 0.4%. Casey’s General Stores’s dividend payout ratio (DPR) is presently 14.63%.

Analysts Set New Price Targets

Several equities research analysts recently commented on CASY shares. Royal Bank Of Canada lifted their price objective on Casey’s General Stores from $468.00 to $542.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 9th. Zacks Research raised shares of Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Wells Fargo & Company assumed coverage on shares of Casey’s General Stores in a report on Wednesday, October 15th. They set an “overweight” rating and a $610.00 price target on the stock. BMO Capital Markets raised their target price on shares of Casey’s General Stores from $515.00 to $540.00 and gave the stock a “market perform” rating in a report on Wednesday, September 10th. Finally, Jefferies Financial Group boosted their target price on shares of Casey’s General Stores from $575.00 to $600.00 and gave the company a “buy” rating in a research note on Tuesday, September 9th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $536.60.

Insiders Place Their Bets

In other news, insider Chad Michael Frazell sold 3,487 shares of the company’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $555.40, for a total value of $1,936,679.80. Following the completion of the sale, the insider directly owned 7,993 shares in the company, valued at $4,439,312.20. This represents a 30.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.54% of the company’s stock.

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.