Corient Private Wealth LLC Buys 16,657 Shares of Casey’s General Stores, Inc. $CASY

Corient Private Wealth LLC grew its position in Casey’s General Stores, Inc. (NASDAQ:CASYFree Report) by 8.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 212,920 shares of the company’s stock after purchasing an additional 16,657 shares during the period. Corient Private Wealth LLC’s holdings in Casey’s General Stores were worth $117,872,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its position in Casey’s General Stores by 179,938.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,659,164 shares of the company’s stock valued at $1,469,747,000 after buying an additional 2,657,687 shares in the last quarter. Norges Bank bought a new position in shares of Casey’s General Stores in the fourth quarter valued at approximately $265,163,000. Franklin Resources Inc. raised its stake in shares of Casey’s General Stores by 40.9% in the fourth quarter. Franklin Resources Inc. now owns 1,068,682 shares of the company’s stock valued at $590,671,000 after acquiring an additional 310,470 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Casey’s General Stores by 175.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 471,536 shares of the company’s stock worth $260,622,000 after acquiring an additional 300,249 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Casey’s General Stores by 35.4% in the 3rd quarter. Victory Capital Management Inc. now owns 791,415 shares of the company’s stock worth $447,403,000 after acquiring an additional 206,777 shares in the last quarter. Institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Price Performance

Shares of CASY opened at $842.25 on Friday. The firm has a market capitalization of $31.13 billion, a price-to-earnings ratio of 43.96, a PEG ratio of 2.55 and a beta of 0.61. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.60 and a current ratio of 1.01. The business’s fifty day moving average price is $812.00 and its two-hundred day moving average price is $695.95. Casey’s General Stores, Inc. has a 52 week low of $490.00 and a 52 week high of $927.85.

Casey’s General Stores (NASDAQ:CASYGet Free Report) last released its earnings results on Tuesday, June 9th. The company reported $4.37 earnings per share 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 company had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.33 billion. During the same quarter in the previous year, the company posted $2.63 earnings per share. The firm’s quarterly revenue was up 14.5% on a year-over-year basis. On average, analysts predict that Casey’s General Stores, Inc. will post 20.9 earnings per share for the current year.

Casey’s General Stores Increases Dividend

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

Analysts Set New Price Targets

CASY has been the topic of a number of research analyst reports. Evercore restated an “outperform” rating and set a $990.00 price target on shares of Casey’s General Stores in a research report on Friday, June 12th. Wall Street Zen raised Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $1,000.00 target price on shares of Casey’s General Stores in a report on Monday. Wells Fargo & Company lifted their price target on Casey’s General Stores from $910.00 to $960.00 and gave the company an “overweight” rating in a report on Thursday, June 11th. Finally, Zacks Research downgraded shares of Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 5th. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $925.25.

Get Our Latest Stock Analysis on Casey’s General Stores

Casey’s General Stores Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Casey's General Stores (NASDAQ:CASY)

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