World Equity Group Inc. Has $1.08 Million Stock Position in Casey’s General Stores, Inc. $CASY

World Equity Group Inc. increased its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 102.2% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 1,482 shares of the company’s stock after purchasing an additional 749 shares during the period. World Equity Group Inc.’s holdings in Casey’s General Stores were worth $1,080,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Kathmere Capital Management LLC raised its stake in Casey’s General Stores by 3.5% in the first quarter. Kathmere Capital Management LLC now owns 387 shares of the company’s stock valued at $282,000 after buying an additional 13 shares during the period. Pinnacle Bancorp Inc. boosted its stake in shares of Casey’s General Stores by 4.8% during the 1st quarter. Pinnacle Bancorp Inc. now owns 303 shares of the company’s stock worth $221,000 after acquiring an additional 14 shares during the period. Menard Financial Group LLC increased its holdings in shares of Casey’s General Stores by 1.2% during the 4th quarter. Menard Financial Group LLC now owns 1,267 shares of the company’s stock worth $700,000 after acquiring an additional 15 shares during the last quarter. Cibc World Market Inc. increased its holdings in shares of Casey’s General Stores by 0.3% during the 4th quarter. Cibc World Market Inc. now owns 5,136 shares of the company’s stock worth $2,839,000 after acquiring an additional 16 shares during the last quarter. Finally, FSB Premier Wealth Management Inc. raised its stake in Casey’s General Stores by 0.8% in the 4th quarter. FSB Premier Wealth Management Inc. now owns 2,338 shares of the company’s stock valued at $1,292,000 after acquiring an additional 18 shares during the period. Institutional investors and hedge funds own 85.63% of the company’s stock.

Insiders Place Their Bets

In other Casey’s General Stores news, insider Chad Michael Frazell sold 3,013 shares of the business’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $787.49, for a total value of $2,372,707.37. Following the completion of the sale, the insider owned 9,823 shares of the company’s stock, valued at $7,735,514.27. The trade was a 23.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Stephen P. Bramlage, Jr. sold 5,700 shares of the stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $838.16, for a total transaction of $4,777,512.00. Following the transaction, the chief financial officer owned 29,677 shares in the company, valued at approximately $24,874,074.32. The trade was a 16.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 30,243 shares of company stock worth $24,421,877. 0.54% of the stock is currently owned by insiders.

Casey’s General Stores Stock Performance

Shares of NASDAQ CASY opened at $859.12 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.01 and a quick ratio of 0.60. The stock’s fifty day moving average price is $822.56 and its two-hundred day moving average price is $731.65. Casey’s General Stores, Inc. has a one year low of $490.00 and a one year high of $927.85. The firm has a market cap of $31.79 billion, a price-to-earnings ratio of 44.84, a P/E/G ratio of 2.58 and a beta of 0.62.

Casey’s General Stores (NASDAQ:CASY) last posted 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. The company had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.33 billion. Casey’s General Stores had a return on equity of 18.73% and a net margin of 4.07%.The company’s revenue was up 14.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.63 earnings per share. On average, equities analysts forecast that Casey’s General Stores, Inc. will post 21.14 EPS for the current year.

Casey’s General Stores Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Saturday, August 1st will be given a dividend of $0.65 per share. This is a positive change from Casey’s General Stores’s previous quarterly dividend of $0.57. This represents a $2.60 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, July 31st. Casey’s General Stores’s payout ratio is 13.57%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CASY. Zacks Research downgraded Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a report on Friday, June 5th. Stephens set a $975.00 target price on shares of Casey’s General Stores and gave the stock an “overweight” rating in a research note on Friday, June 12th. Royal Bank Of Canada lifted their target price on shares of Casey’s General Stores from $794.00 to $850.00 and gave the stock a “sector perform” rating in a report on Thursday, June 25th. UBS Group upped their price target on shares of Casey’s General Stores from $805.00 to $945.00 and gave the company a “neutral” rating in a research note on Thursday, June 11th. Finally, Wells Fargo & Company increased their price target on shares of Casey’s General Stores from $910.00 to $960.00 and gave the company an “overweight” rating in a report on Thursday, June 11th. Fourteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Casey’s General Stores currently has an average rating of “Moderate Buy” and an average price target of $940.00.

Casey’s General Stores Company Profile

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.