Northwest Wealth Management LLC raised its stake in Casey’s General Stores Inc (NASDAQ:CASY) by 69.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,950 shares of the company’s stock after buying an additional 800 shares during the period. Northwest Wealth Management LLC’s holdings in Casey’s General Stores were worth $251,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Enlightenment Research LLC acquired a new stake in Casey’s General Stores in the fourth quarter valued at approximately $26,000. Mckinley Capital Management LLC Delaware acquired a new stake in Casey’s General Stores in the fourth quarter valued at approximately $29,000. Valeo Financial Advisors LLC boosted its position in Casey’s General Stores by 2,500.0% in the first quarter. Valeo Financial Advisors LLC now owns 312 shares of the company’s stock valued at $40,000 after buying an additional 300 shares in the last quarter. Benjamin F. Edwards & Company Inc. acquired a new stake in Casey’s General Stores in the fourth quarter valued at approximately $150,000. Finally, Magnus Financial Group LLC acquired a new stake in Casey’s General Stores in the fourth quarter valued at approximately $201,000. Hedge funds and other institutional investors own 89.28% of the company’s stock.
In related news, insider Terry W. Handley sold 5,000 shares of Casey’s General Stores stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $130.05, for a total transaction of $650,250.00. Following the completion of the transaction, the insider now owns 36,945 shares of the company’s stock, valued at $4,804,697.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Julia L. Jackowski sold 12,500 shares of Casey’s General Stores stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $125.95, for a total transaction of $1,574,375.00. Following the transaction, the senior vice president now directly owns 32,944 shares of the company’s stock, valued at approximately $4,149,296.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,500 shares of company stock worth $2,602,775. 0.72% of the stock is owned by company insiders.
Shares of NASDAQ:CASY opened at $131.11 on Friday. The firm has a market cap of $4.80 billion, a PE ratio of 24.55, a price-to-earnings-growth ratio of 2.40 and a beta of 0.45. The company has a current ratio of 0.76, a quick ratio of 0.22 and a debt-to-equity ratio of 0.93. Casey’s General Stores Inc has a 52 week low of $90.42 and a 52 week high of $138.45.
Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Monday, March 11th. The company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.18. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.20 billion. Casey’s General Stores had a net margin of 2.14% and a return on equity of 14.89%. Equities analysts anticipate that Casey’s General Stores Inc will post 5.16 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.88%. Casey’s General Stores’s dividend payout ratio (DPR) is presently 30.45%.
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Casey’s General Stores Profile
Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. The company's stores offer a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; beverage and tobacco products; health and beauty aids; automotive products; school supplies, housewares, and pet supplies; and other nonfood items.
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