WealthPlan Investment Management LLC Sells 1,844 Shares of Casey’s General Stores, Inc. $CASY

WealthPlan Investment Management LLC lessened its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 10.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,146 shares of the company’s stock after selling 1,844 shares during the period. WealthPlan Investment Management LLC’s holdings in Casey’s General Stores were worth $9,824,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Fort Washington Investment Advisors Inc. OH bought a new stake in shares of Casey’s General Stores during the third quarter valued at approximately $338,000. Mather Group LLC. boosted its position in shares of Casey’s General Stores by 58.7% during the third quarter. Mather Group LLC. now owns 73 shares of the company’s stock worth $44,000 after buying an additional 27 shares during the period. Strategy Asset Managers LLC boosted its position in shares of Casey’s General Stores by 89.4% during the third quarter. Strategy Asset Managers LLC now owns 1,919 shares of the company’s stock worth $1,168,000 after buying an additional 906 shares during the period. Union Savings Bank grew its holdings in Casey’s General Stores by 18.0% in the 3rd quarter. Union Savings Bank now owns 1,154 shares of the company’s stock worth $702,000 after buying an additional 176 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. bought a new position in Casey’s General Stores in the 3rd quarter worth approximately $540,000. Institutional investors and hedge funds own 85.63% of the company’s stock.

Casey’s General Stores Price Performance

Shares of Casey’s General Stores stock traded up $19.88 on Thursday, hitting $673.49. The company had a trading volume of 221,444 shares, compared to its average volume of 521,982. Casey’s General Stores, Inc. has a 52 week low of $497.38 and a 52 week high of $927.85. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.02 and a quick ratio of 0.61. The company has a market cap of $24.89 billion, a PE ratio of 32.44, a PEG ratio of 2.09 and a beta of 0.59. The business has a 50-day simple moving average of $707.79 and a 200-day simple moving average of $775.24.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Tuesday, September 8th. The company reported $7.37 EPS for the quarter, topping the consensus estimate of $6.78 by $0.59. Casey’s General Stores had a return on equity of 19.68% and a net margin of 4.14%. The firm had revenue of $5.68 billion for the quarter, compared to analysts’ expectations of $5.56 billion. During the same quarter in the previous year, the company earned $5.77 earnings per share. The firm’s quarterly revenue was up 24.3% compared to the same quarter last year. Research analysts expect that Casey’s General Stores, Inc. will post 21.43 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Sunday, November 1st will be given a dividend of $0.65 per share. The ex-dividend date is Friday, October 30th. This represents a $2.60 annualized dividend and a dividend yield of 0.4%. Casey’s General Stores’s dividend payout ratio (DPR) is 12.52%.

Analyst Ratings Changes

CASY has been the topic of several analyst reports. Wells Fargo & Company lowered their target price on Casey’s General Stores from $960.00 to $750.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 9th. Wall Street Zen lowered Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Saturday, September 12th. KeyCorp decreased their price target on Casey’s General Stores from $970.00 to $780.00 and set an “overweight” rating for the company in a research note on Thursday, September 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $933.00 price target on shares of Casey’s General Stores in a report on Thursday, September 10th. Finally, Northcoast Research upgraded shares of Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $950.00 price objective on the stock in a research note on Monday, July 13th. Sixteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $835.38.

Casey’s General Stores 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.