TD Private Client Wealth LLC Has $27,000 Stake in Casey’s General Stores, Inc. (NASDAQ:CASY)

TD Private Client Wealth LLC lowered its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 96.8% during the third quarter, Holdings Channel.com reports. The institutional investor owned 72 shares of the company’s stock after selling 2,163 shares during the quarter. TD Private Client Wealth LLC’s holdings in Casey’s General Stores were worth $27,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC acquired a new position in Casey’s General Stores during the third quarter valued at approximately $959,880,000. Millennium Management LLC boosted its position in shares of Casey’s General Stores by 3,846.1% during the second quarter. Millennium Management LLC now owns 172,320 shares of the company’s stock worth $65,750,000 after purchasing an additional 176,920 shares in the last quarter. Benjamin Edwards Inc. grew its holdings in shares of Casey’s General Stores by 1,819.1% in the 3rd quarter. Benjamin Edwards Inc. now owns 130,291 shares of the company’s stock valued at $48,959,000 after buying an additional 123,502 shares during the period. Wellington Management Group LLP increased its position in shares of Casey’s General Stores by 281.4% in the 3rd quarter. Wellington Management Group LLP now owns 164,656 shares of the company’s stock valued at $61,863,000 after buying an additional 121,488 shares in the last quarter. Finally, Bridges Investment Management Inc. raised its stake in Casey’s General Stores by 110.0% during the 2nd quarter. Bridges Investment Management Inc. now owns 177,190 shares of the company’s stock worth $67,609,000 after buying an additional 92,813 shares during the period. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Casey’s General Stores Stock Down 0.2 %

Shares of CASY stock opened at $424.51 on Tuesday. The firm’s fifty day moving average price is $406.08 and its two-hundred day moving average price is $382.79. The company has a current ratio of 0.88, a quick ratio of 0.44 and a debt-to-equity ratio of 0.74. 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 capitalization of $15.76 billion, a P/E ratio of 29.58 and a beta of 0.80.

Casey’s General Stores (NASDAQ:CASY) last released its 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. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The business had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.03 billion. During the same quarter in the prior year, the company posted $4.24 earnings per share. Casey’s General Stores’s revenue was down 2.9% on a year-over-year basis. On average, equities 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 disclosed a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend is Monday, February 3rd. Casey’s General Stores’s payout ratio is presently 13.94%.

Insider Activity at Casey’s General Stores

In related news, insider Katrina S. Lindsey sold 450 shares of Casey’s General Stores stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $427.13, for a total transaction of $192,208.50. Following the completion of the transaction, the insider now owns 2,247 shares in the company, valued at approximately $959,761.11. This trade represents a 16.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mike Spanos purchased 267 shares of the stock in a transaction on Wednesday, September 18th. The shares were acquired at an average cost of $376.18 per share, for a total transaction of $100,440.06. Following the transaction, the director now owns 2,594 shares of the company’s stock, valued at approximately $975,810.92. The trade was a 11.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.56% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CASY shares. Deutsche Bank Aktiengesellschaft increased their price target on Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. StockNews.com cut Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Friday. Benchmark reaffirmed a “buy” rating and issued a $410.00 price target on shares of Casey’s General Stores in a research note on Tuesday, September 10th. Gordon Haskett began coverage on shares of Casey’s General Stores in a research report on Monday, November 4th. They set a “hold” rating and a $400.00 price objective for the company. Finally, Wells Fargo & Company boosted their price objective on shares of Casey’s General Stores from $415.00 to $425.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $419.45.

Casey’s General Stores Company 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.