Philip James Wealth Mangement LLC Purchases New Holdings in Casey’s General Stores, Inc. $CASY

Philip James Wealth Mangement LLC purchased a new stake in Casey’s General Stores, Inc. (NASDAQ:CASY) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 444 shares of the company’s stock, valued at approximately $227,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc purchased a new position in Casey’s General Stores in the 1st quarter valued at about $25,000. Summit Securities Group LLC purchased a new position in Casey’s General Stores in the 1st quarter valued at about $32,000. Iron Horse Wealth Management LLC lifted its stake in Casey’s General Stores by 40.0% in the 1st quarter. Iron Horse Wealth Management LLC now owns 91 shares of the company’s stock valued at $40,000 after buying an additional 26 shares in the last quarter. WPG Advisers LLC purchased a new position in Casey’s General Stores in the 1st quarter valued at about $47,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in Casey’s General Stores by 242.9% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 96 shares of the company’s stock worth $49,000 after purchasing an additional 68 shares in the last quarter. 85.63% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Casey’s General Stores

In related news, insider Chad Michael Frazell sold 3,487 shares of Casey’s General Stores stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $555.40, for a total value of $1,936,679.80. Following the completion of the sale, the insider owned 7,993 shares in the company, valued at approximately $4,439,312.20. This trade represents a 30.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.54% of the company’s stock.

Casey’s General Stores Stock Down 1.1%

CASY stock opened at $559.16 on Thursday. The firm has a market cap of $20.79 billion, a PE ratio of 35.89 and a beta of 0.68. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.61 and a current ratio of 1.03. The firm’s 50 day moving average price is $524.90 and its 200-day moving average price is $485.74. Casey’s General Stores, Inc. has a one year low of $363.00 and a one year high of $571.57.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Monday, September 8th. The company reported $5.77 EPS for the quarter, beating the consensus estimate of $5.02 by $0.75. The firm had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.47 billion. Casey’s General Stores had a net margin of 3.54% and a return on equity of 16.73%. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.83 EPS. On average, equities research analysts anticipate that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CASY shares. Wells Fargo & Company raised their target price on shares of Casey’s General Stores from $540.00 to $580.00 and gave the stock an “overweight” rating in a research note on Monday, September 8th. Royal Bank Of Canada raised their target price on shares of Casey’s General Stores from $468.00 to $542.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 9th. KeyCorp raised their target price on shares of Casey’s General Stores from $550.00 to $575.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th. Stephens reissued an “overweight” rating and issued a $530.00 target price on shares of Casey’s General Stores in a research note on Tuesday, September 9th. Finally, BMO Capital Markets raised their target price on shares of Casey’s General Stores from $515.00 to $540.00 and gave the stock a “market perform” rating in a research note on Wednesday, September 10th. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $529.10.

Casey’s General Stores Company Profile

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.