Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Acquired by Venturi Wealth Management LLC

Venturi Wealth Management LLC raised its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 941.7% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 125 shares of the company’s stock after buying an additional 113 shares during the quarter. Venturi Wealth Management LLC’s holdings in Casey’s General Stores were worth $47,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Janus Henderson Group PLC boosted its stake in Casey’s General Stores by 1.4% during the 1st quarter. Janus Henderson Group PLC now owns 768,060 shares of the company’s stock valued at $244,592,000 after purchasing an additional 10,841 shares during the period. Dimensional Fund Advisors LP grew its holdings in Casey’s General Stores by 3.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 468,650 shares of the company’s stock worth $178,822,000 after buying an additional 14,750 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Casey’s General Stores by 20.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 458,044 shares of the company’s stock valued at $174,771,000 after acquiring an additional 77,515 shares during the period. International Assets Investment Management LLC bought a new stake in Casey’s General Stores during the 3rd quarter valued at $959,880,000. Finally, Raymond James & Associates boosted its position in Casey’s General Stores by 2.9% during the 3rd quarter. Raymond James & Associates now owns 219,462 shares of the company’s stock worth $82,454,000 after acquiring an additional 6,170 shares during the period. Institutional investors and hedge funds own 85.63% of the company’s stock.

Wall Street Analysts Forecast Growth

CASY has been the topic of a number of recent analyst reports. Melius Research began coverage on shares of Casey’s General Stores in a research note on Monday, September 23rd. They set a “buy” rating and a $435.00 price objective on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. StockNews.com cut shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 3rd. Royal Bank of Canada boosted their target price on Casey’s General Stores from $393.00 to $403.00 and gave the stock a “sector perform” rating in a report on Thursday, September 5th. Finally, Wells Fargo & Company increased their price target on Casey’s General Stores from $415.00 to $425.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $408.25.

Casey’s General Stores Stock Performance

CASY opened at $401.40 on Friday. The business has a fifty day simple moving average of $386.44 and a 200-day simple moving average of $369.16. The firm has a market cap of $14.90 billion, a PE ratio of 29.21 and a beta of 0.79. The company has a quick ratio of 0.44, a current ratio of 0.84 and a debt-to-equity ratio of 0.44. Casey’s General Stores, Inc. has a fifty-two week low of $266.56 and a fifty-two week high of $420.27.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Wednesday, September 4th. The company reported $4.83 earnings per share for the quarter, topping analysts’ consensus estimates of $4.54 by $0.29. Casey’s General Stores had a return on equity of 17.07% and a net margin of 3.40%. The firm had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.15 billion. During the same quarter last year, the business posted $4.52 EPS. Casey’s General Stores’s revenue was up 5.9% on a year-over-year basis. As a group, equities analysts predict that Casey’s General Stores, Inc. will post 14.24 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.00 annualized dividend and a dividend yield of 0.50%. Casey’s General Stores’s dividend payout ratio (DPR) is presently 14.56%.

Insider Buying and Selling

In related news, insider Thomas P. Brennan, Jr. sold 3,000 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $380.24, for a total value of $1,140,720.00. Following the completion of the sale, the insider now directly owns 9,044 shares of the company’s stock, valued at approximately $3,438,890.56. This represents a 24.91 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mike Spanos bought 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 purchase, the director now owns 2,594 shares in the company, valued at approximately $975,810.92. This represents a 11.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.56% of the company’s stock.

About Casey’s General Stores

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.