16,208 Shares in Casey’s General Stores Inc (CASY) Purchased by Creative Planning

Creative Planning acquired a new position in shares of Casey’s General Stores Inc (NASDAQ:CASY) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 16,208 shares of the company’s stock, valued at approximately $2,093,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in Casey’s General Stores by 2.4% in the 2nd quarter. BlackRock Inc. now owns 3,152,172 shares of the company’s stock valued at $331,231,000 after acquiring an additional 75,313 shares during the period. Thompson Siegel & Walmsley LLC increased its position in Casey’s General Stores by 14.5% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,376,978 shares of the company’s stock valued at $144,692,000 after acquiring an additional 174,842 shares during the period. Eagle Asset Management Inc. increased its position in Casey’s General Stores by 5.8% in the 2nd quarter. Eagle Asset Management Inc. now owns 666,602 shares of the company’s stock valued at $70,046,000 after acquiring an additional 36,588 shares during the period. Dimensional Fund Advisors LP increased its position in Casey’s General Stores by 43.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 658,071 shares of the company’s stock valued at $69,152,000 after acquiring an additional 198,263 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Casey’s General Stores by 10.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 648,358 shares of the company’s stock valued at $68,129,000 after acquiring an additional 60,305 shares during the period. Institutional investors and hedge funds own 96.09% of the company’s stock.

In other news, SVP Brian Joseph Johnson sold 1,500 shares of the stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $127.43, for a total transaction of $191,145.00. Following the completion of the sale, the senior vice president now directly owns 10,471 shares in the company, valued at $1,334,319.53. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.72% of the company’s stock.



CASY opened at $126.11 on Thursday. Casey’s General Stores Inc has a twelve month low of $90.42 and a twelve month high of $130.74. The company has a quick ratio of 0.27, a current ratio of 0.77 and a debt-to-equity ratio of 0.99. The firm has a market cap of $4.47 billion, a PE ratio of 33.10, a PEG ratio of 3.14 and a beta of 0.49.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Monday, September 10th. The company reported $1.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.67 by $0.23. Casey’s General Stores had a net margin of 3.73% and a return on equity of 12.38%. The company had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.57 billion. During the same period in the prior year, the company posted $1.46 earnings per share. Casey’s General Stores’s revenue for the quarter was up 23.6% compared to the same quarter last year. As a group, research analysts anticipate that Casey’s General Stores Inc will post 4.65 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 1st will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 0.92%. The ex-dividend date is Wednesday, October 31st. Casey’s General Stores’s dividend payout ratio (DPR) is presently 30.45%.

CASY has been the subject of several recent research reports. Wells Fargo & Co upped their price target on shares of Casey’s General Stores from $97.00 to $120.00 and gave the company a “market perform” rating in a research report on Wednesday, September 12th. Deutsche Bank upped their price target on shares of Casey’s General Stores to $142.00 and gave the company a “buy” rating in a research report on Wednesday, September 12th. Jefferies Financial Group upped their price target on shares of Casey’s General Stores from $134.00 to $142.00 and gave the company a “buy” rating in a research report on Wednesday, September 12th. BidaskClub cut shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Tuesday, August 28th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $120.00 price target on shares of Casey’s General Stores in a research report on Wednesday, August 8th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $133.89.

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. The company's stores offer a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; beverage and tobacco products; health and beauty aids; automotive products; school supplies, housewares, and pet supplies; and other nonfood items.

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Institutional Ownership by Quarter for Casey`s General Stores (NASDAQ:CASY)

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