New Hampshire Trust Sells 107 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

New Hampshire Trust trimmed its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 12.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 770 shares of the company’s stock after selling 107 shares during the period. New Hampshire Trust’s holdings in Casey’s General Stores were worth $305,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. MassMutual Private Wealth & Trust FSB lifted its position in Casey’s General Stores by 24.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock worth $59,000 after buying an additional 29 shares during the last quarter. UMB Bank n.a. raised its stake in shares of Casey’s General Stores by 2.4% in the fourth quarter. UMB Bank n.a. now owns 2,542 shares of the company’s stock valued at $1,007,000 after acquiring an additional 59 shares during the period. Trueblood Wealth Management LLC lifted its holdings in shares of Casey’s General Stores by 5.3% in the 4th quarter. Trueblood Wealth Management LLC now owns 1,595 shares of the company’s stock worth $632,000 after acquiring an additional 80 shares during the last quarter. Smith Salley Wealth Management lifted its holdings in shares of Casey’s General Stores by 1.9% in the 4th quarter. Smith Salley Wealth Management now owns 29,783 shares of the company’s stock worth $11,801,000 after acquiring an additional 548 shares during the last quarter. Finally, HB Wealth Management LLC purchased a new position in shares of Casey’s General Stores during the 4th quarter worth about $251,000. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Insider Buying and Selling

In other Casey’s General Stores news, Director Mike Spanos acquired 500 shares of the stock in a transaction dated Monday, December 23rd. The stock was purchased at an average price of $396.76 per share, with a total value of $198,380.00. Following the transaction, the director now directly owns 3,097 shares of the company’s stock, valued at $1,228,765.72. This trade represents a 19.25 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Katrina S. Lindsey sold 450 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $427.13, for a total value of $192,208.50. Following the transaction, the insider now directly owns 2,247 shares in the company, valued at $959,761.11. This represents a 16.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CASY has been the subject of several analyst reports. Gordon Haskett started coverage on shares of Casey’s General Stores in a research note on Monday, November 4th. They issued a “hold” rating and a $400.00 price objective for the company. StockNews.com lowered Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 13th. Evercore ISI upped their price objective on Casey’s General Stores from $460.00 to $470.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. BMO Capital Markets reiterated a “market perform” rating and issued a $450.00 target price (up previously from $400.00) on shares of Casey’s General Stores in a research note on Wednesday, December 18th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Casey’s General Stores from $451.00 to $454.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Casey’s General Stores has an average rating of “Moderate Buy” and an average target price of $424.00.

Casey’s General Stores Stock Up 0.1 %

Shares of Casey’s General Stores stock opened at $391.51 on Tuesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. The stock has a market cap of $14.53 billion, a price-to-earnings ratio of 27.28, a PEG ratio of 2.20 and a beta of 0.82. The firm’s 50-day moving average is $408.10 and its two-hundred day moving average is $389.30. Casey’s General Stores, Inc. has a 1 year low of $268.07 and a 1 year high of $439.68.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Monday, December 9th. The company reported $4.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.29 by $0.56. The company had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.03 billion. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. Casey’s General Stores’s revenue was down 2.9% compared to the same quarter last year. During the same period last year, the company posted $4.24 earnings per share. As a group, research analysts expect that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.51%. The ex-dividend date is Monday, February 3rd. Casey’s General Stores’s payout ratio is 13.94%.

Casey’s General Stores 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.