Casey’s General Stores, Inc. $CASY Shares Acquired by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC grew its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 14.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,958 shares of the company’s stock after purchasing an additional 366 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Casey’s General Stores were worth $1,284,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Curi RMB Capital LLC raised its holdings in shares of Casey’s General Stores by 15.8% in the 1st quarter. Curi RMB Capital LLC now owns 17,881 shares of the company’s stock valued at $7,761,000 after purchasing an additional 2,446 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of Casey’s General Stores by 25.2% in the 1st quarter. Alliancebernstein L.P. now owns 213,151 shares of the company’s stock valued at $92,516,000 after purchasing an additional 42,908 shares in the last quarter. Alyeska Investment Group L.P. purchased a new position in shares of Casey’s General Stores in the 1st quarter valued at $65,298,000. Promethium Advisors LLC grew its position in shares of Casey’s General Stores by 17.4% in the 1st quarter. Promethium Advisors LLC now owns 3,870 shares of the company’s stock valued at $1,680,000 after buying an additional 574 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC grew its position in shares of Casey’s General Stores by 56.2% in the 1st quarter. Focus Partners Advisor Solutions LLC now owns 5,209 shares of the company’s stock valued at $2,261,000 after buying an additional 1,874 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Katrina S. Lindsey sold 2,000 shares of the firm’s stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $506.07, for a total value of $1,012,140.00. Following the completion of the sale, the insider owned 4,636 shares in the company, valued at approximately $2,346,140.52. This trade represents a 30.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Darren M. Rebelez sold 20,000 shares of the firm’s stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $507.83, for a total transaction of $10,156,600.00. Following the completion of the sale, the chief executive officer owned 89,840 shares of the company’s stock, valued at $45,623,447.20. This trade represents a 18.21% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,646 shares of company stock worth $21,634,454. 0.54% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts recently commented on CASY shares. Stephens reaffirmed an “overweight” rating and issued a $530.00 target price on shares of Casey’s General Stores in a research report on Tuesday. Royal Bank Of Canada increased their target price on shares of Casey’s General Stores from $468.00 to $542.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 9th. The Goldman Sachs Group increased their target price on shares of Casey’s General Stores from $450.00 to $490.00 and gave the company a “neutral” rating in a research report on Wednesday. Evercore ISI increased their target price on shares of Casey’s General Stores from $560.00 to $580.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Wall Street Zen raised shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Saturday, June 14th. Eight analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $505.25.

Casey’s General Stores Trading Down 0.5%

Shares of Casey’s General Stores stock opened at $538.50 on Thursday. Casey’s General Stores, Inc. has a 1 year low of $362.42 and a 1 year high of $549.21. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.48 and a current ratio of 1.03. The company has a market capitalization of $20.02 billion, a P/E ratio of 34.56 and a beta of 0.66. The company’s fifty day moving average is $514.77 and its two-hundred day moving average is $470.18.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Monday, September 8th. The company reported $5.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.02 by $0.75. Casey’s General Stores had a net margin of 3.54% and a return on equity of 16.73%. The company had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.47 billion. During the same period last year, the firm posted $4.83 EPS. Casey’s General Stores’s revenue for the quarter was up 11.5% on a year-over-year basis. Analysts forecast that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Saturday, November 1st will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Friday, October 31st. Casey’s General Stores’s dividend payout ratio (DPR) is 14.63%.

About Casey’s General Stores

Casey’s General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.