Diversify Wealth Management LLC Grows Stock Holdings in Casey’s General Stores, Inc. $CASY

Diversify Wealth Management LLC increased its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 65.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,261 shares of the company’s stock after purchasing an additional 897 shares during the period. Diversify Wealth Management LLC’s holdings in Casey’s General Stores were worth $1,767,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CASY. Central Pacific Bank Trust Division raised its stake in Casey’s General Stores by 52.8% in the fourth quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock valued at $30,000 after buying an additional 19 shares in the last quarter. True Wealth Design LLC boosted its position in shares of Casey’s General Stores by 350.0% during the 4th quarter. True Wealth Design LLC now owns 54 shares of the company’s stock worth $30,000 after acquiring an additional 42 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in shares of Casey’s General Stores during the 1st quarter worth about $33,000. ORG Partners LLC increased its holdings in shares of Casey’s General Stores by 47.6% in the 4th quarter. ORG Partners LLC now owns 62 shares of the company’s stock valued at $34,000 after acquiring an additional 20 shares during the last quarter. Finally, Vermillion & White Wealth Management Group LLC purchased a new position in shares of Casey’s General Stores in the 3rd quarter valued at about $35,000. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Insider Activity at Casey’s General Stores

In other Casey’s General Stores news, CEO Darren M. Rebelez sold 19,000 shares of Casey’s General Stores stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $801.46, for a total transaction of $15,227,740.00. Following the transaction, the chief executive officer owned 89,174 shares of the company’s stock, valued at $71,469,394.04. The trade was a 17.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Katrina S. Lindsey sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $800.00, for a total value of $1,600,000.00. Following the completion of the sale, the insider owned 6,668 shares of the company’s stock, valued at approximately $5,334,400. This represents a 23.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 30,243 shares of company stock valued at $24,421,877 over the last 90 days. 0.54% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CASY shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $1,000.00 target price on shares of Casey’s General Stores in a research report on Monday, June 15th. Royal Bank Of Canada increased their price target on shares of Casey’s General Stores from $794.00 to $850.00 and gave the company a “sector perform” rating in a research note on Thursday, June 25th. Zacks Research lowered shares of Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 5th. Stephens set a $975.00 price objective on shares of Casey’s General Stores and gave the stock an “overweight” rating in a report on Friday, June 12th. Finally, Wells Fargo & Company boosted their price objective on shares of Casey’s General Stores from $910.00 to $960.00 and gave the stock an “overweight” rating in a research report on Thursday, June 11th. Fourteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $940.00.

Casey’s General Stores Stock Performance

Shares of CASY stock opened at $847.19 on Wednesday. The stock’s 50-day moving average is $824.04 and its two-hundred day moving average is $727.24. The firm has a market cap of $31.35 billion, a price-to-earnings ratio of 44.22, a PEG ratio of 2.58 and a beta of 0.62. Casey’s General Stores, Inc. has a 1 year low of $490.00 and a 1 year high of $927.85. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.60 and a current ratio of 1.01.

Casey’s General Stores (NASDAQ:CASY) last posted its earnings results on Tuesday, June 9th. The company reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $3.31 by $1.06. Casey’s General Stores had a return on equity of 18.73% and a net margin of 4.07%.The business had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.33 billion. During the same quarter in the previous year, the firm earned $2.63 earnings per share. The business’s revenue was up 14.5% compared to the same quarter last year. Analysts predict that Casey’s General Stores, Inc. will post 21.14 earnings per share for the current year.

Casey’s General Stores Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Saturday, August 1st will be paid a dividend of $0.65 per share. The ex-dividend date is Friday, July 31st. This represents a $2.60 dividend on an annualized basis and a yield of 0.3%. This is a boost from Casey’s General Stores’s previous quarterly dividend of $0.57. Casey’s General Stores’s dividend payout ratio (DPR) is 11.90%.

Casey’s General Stores Company Profile

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.