Arkfeld Wealth Strategies L.L.C. Cuts Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

Arkfeld Wealth Strategies L.L.C. trimmed its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 0.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,382 shares of the company’s stock after selling 26 shares during the period. Casey’s General Stores makes up 3.9% of Arkfeld Wealth Strategies L.L.C.’s investment portfolio, making the stock its 6th largest holding. Arkfeld Wealth Strategies L.L.C. owned about 0.06% of Casey’s General Stores worth $8,393,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Endeavor Private Wealth Inc. bought a new position in shares of Casey’s General Stores in the 4th quarter worth $36,000. Venturi Wealth Management LLC lifted its holdings in shares of Casey’s General Stores by 941.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock worth $47,000 after purchasing an additional 113 shares in the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of Casey’s General Stores by 22.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 158 shares of the company’s stock worth $59,000 after purchasing an additional 29 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Casey’s General Stores by 24.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock worth $59,000 after purchasing an additional 29 shares in the last quarter. Finally, Quarry LP bought a new position in shares of Casey’s General Stores in the 2nd quarter worth $72,000. 85.63% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 450 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $427.13, for a total value of $192,208.50. Following the completion of the transaction, the insider now owns 2,247 shares in the company, 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 Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mike Spanos bought 500 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was bought at an average price of $396.76 per share, with a total value of $198,380.00. Following the purchase, 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 ownership of the stock. The disclosure for this purchase can be found here. 0.56% of the stock is currently owned by insiders.

Casey’s General Stores Trading Up 0.8 %

Shares of Casey’s General Stores stock opened at $411.25 on Friday. The stock has a fifty day moving average price of $407.89 and a 200-day moving average price of $390.25. Casey’s General Stores, Inc. has a 1 year low of $268.07 and a 1 year high of $439.68. The firm has a market cap of $15.27 billion, a PE ratio of 28.66, a P/E/G ratio of 2.29 and a beta of 0.82. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Monday, December 9th. The company reported $4.85 earnings per share for the quarter, topping the consensus estimate of $4.29 by $0.56. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The company had revenue of $3.95 billion during the quarter, compared to analyst estimates of $4.03 billion. During the same quarter last year, the firm posted $4.24 EPS. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. Equities research analysts anticipate that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Announces Dividend

The company also recently disclosed 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. This represents a $2.00 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend is Monday, February 3rd. Casey’s General Stores’s dividend payout ratio (DPR) is currently 13.94%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CASY. BMO Capital Markets restated a “market perform” rating and set a $450.00 price objective (up from $400.00) on shares of Casey’s General Stores in a research note on Wednesday, December 18th. Royal Bank of Canada raised their price objective 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. StockNews.com cut Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 13th. Deutsche Bank Aktiengesellschaft raised their price objective on Casey’s General Stores from $451.00 to $454.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, Gordon Haskett began coverage on Casey’s General Stores in a research note on Monday, November 4th. They set a “hold” rating and a $400.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $424.00.

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.