UMB Bank N A MO acquired a new stake in shares of Casey’s General Stores Inc. (NASDAQ:CASY) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,042 shares of the company’s stock, valued at approximately $269,000.
Several other hedge funds also recently made changes to their positions in CASY. IFP Advisors Inc boosted its stake in shares of Casey’s General Stores by 179.3% in the first quarter. IFP Advisors Inc now owns 1,271 shares of the company’s stock valued at $144,000 after buying an additional 816 shares in the last quarter. Pitcairn Co. bought a new stake in shares of Casey’s General Stores during the second quarter valued at about $225,000. JLB & Associates Inc. bought a new stake in shares of Casey’s General Stores during the second quarter valued at about $249,000. Massmutual Trust Co. FSB ADV bought a new stake in shares of Casey’s General Stores during the first quarter valued at about $284,000. Finally, LS Investment Advisors LLC boosted its stake in shares of Casey’s General Stores by 72.5% in the second quarter. LS Investment Advisors LLC now owns 2,368 shares of the company’s stock valued at $311,000 after buying an additional 995 shares in the last quarter. 83.53% of the stock is owned by institutional investors.
Casey’s General Stores Inc. (NASDAQ:CASY) traded up 4.40% during trading on Friday, hitting $120.15. The stock had a trading volume of 1,121,406 shares. The company’s 50-day moving average is $125.65 and its 200 day moving average is $121.37. The firm has a market cap of $4.71 billion, a PE ratio of 20.50 and a beta of 0.50. Casey’s General Stores Inc. has a 52 week low of $98.80 and a 52 week high of $136.22.
Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Tuesday, September 6th. The company reported $1.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.81 by $0.11. The firm had revenue of $1.97 billion for the quarter. Casey’s General Stores had a net margin of 3.29% and a return on equity of 21.62%. Casey’s General Stores’s revenue was down 3.8% compared to the same quarter last year. During the same period last year, the company posted $1.57 EPS. Equities analysts expect that Casey’s General Stores Inc. will post $5.67 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 1st will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, October 28th. This represents a $0.96 annualized dividend and a dividend yield of 0.80%. Casey’s General Stores’s dividend payout ratio is 16.38%.
Several brokerages have recently issued reports on CASY. BMO Capital Markets reissued a “hold” rating and set a $118.00 price objective (up from $115.00) on shares of Casey’s General Stores in a research note on Wednesday, June 8th. Jefferies Group reaffirmed a “hold” rating and set a $113.00 price target (up from $102.00) on shares of Casey’s General Stores in a research report on Tuesday, June 7th. Goldman Sachs Group Inc. upped their price target on shares of Casey’s General Stores from $145.00 to $149.00 and gave the stock a “buy” rating in a research report on Tuesday, September 6th. Bank of America Corp. began coverage on shares of Casey’s General Stores in a research report on Monday, July 25th. They set a “buy” rating and a $150.00 price target for the company. Finally, Royal Bank Of Canada decreased their price target on shares of Casey’s General Stores from $145.00 to $143.00 and set an “outperform” rating for the company in a research report on Thursday, September 8th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Casey’s General Stores currently has a consensus rating of “Buy” and an average target price of $135.90.
In other news, Director Richard A. Wilkey purchased 340 shares of Casey’s General Stores stock in a transaction dated Wednesday, September 21st. The stock was acquired at an average cost of $117.80 per share, for a total transaction of $40,052.00. Following the acquisition, the director now directly owns 15,000 shares in the company, valued at $1,767,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.30% of the company’s stock.
Casey’s General Stores Company Profile
Casey’s General Stores, Inc and its subsidiaries, operate convenience stores under the name Casey’s General Store in approximately 10 Midwestern states, in Iowa, Missouri, and Illinois. The Company also operates approximately two stores selling primarily tobacco products. The stores carry a range of food, including freshly prepared foods such as pizza, donuts, and sandwiches, beverages, tobacco products, health and beauty aids, automotive products and other nonfood items.
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