1,347 Shares in Casey’s General Stores, Inc. $CASY Purchased by Total Clarity Wealth Management Inc.

Total Clarity Wealth Management Inc. acquired a new position in Casey’s General Stores, Inc. (NASDAQ:CASY) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,347 shares of the company’s stock, valued at approximately $820,000.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in Casey’s General Stores in the 2nd quarter valued at approximately $2,759,895,000. Bank of America Corp DE acquired a new position in Casey’s General Stores during the second quarter worth $281,872,000. Bank of New York Mellon Corp acquired a new position in Casey’s General Stores during the second quarter worth $281,011,000. Jupiter Topco LLC purchased a new position in shares of Casey’s General Stores during the second quarter worth $246,982,000. Finally, Principal Financial Group Inc. boosted its position in shares of Casey’s General Stores by 2.1% during the first quarter. Principal Financial Group Inc. now owns 252,374 shares of the company’s stock worth $183,693,000 after buying an additional 5,294 shares during the period. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Analysts Set New Price Targets

CASY has been the subject of a number of research reports. Wall Street Zen cut Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Saturday, September 12th. KeyCorp decreased their target price on Casey’s General Stores from $970.00 to $780.00 and set an “overweight” rating on the stock in a research note on Thursday, September 10th. BMO Capital Markets set a $810.00 target price on Casey’s General Stores in a report on Thursday, September 10th. William Blair reaffirmed an “outperform” rating on shares of Casey’s General Stores in a research report on Wednesday, September 16th. Finally, Evercore reiterated an “outperform” rating and set a $775.00 price target on shares of Casey’s General Stores in a research note on Friday, September 11th. Sixteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $835.38.

Casey’s General Stores Stock Down 0.9%

NASDAQ:CASY opened at $697.54 on Wednesday. The company has a fifty day simple moving average of $682.48 and a two-hundred day simple moving average of $738.51. The company has a market cap of $25.78 billion, a price-to-earnings ratio of 33.60 and a beta of 0.59. Casey’s General Stores, Inc. has a 52 week low of $497.38 and a 52 week high of $927.85.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Tuesday, September 8th. The company reported $7.37 earnings per share for the quarter, topping analysts’ consensus estimates of $6.78 by $0.59. The company had revenue of $5.68 billion for the quarter, compared to analysts’ expectations of $5.56 billion. The firm’s revenue was up 24.3% compared to the same quarter last year. During the same period in the prior year, the company posted $5.77 EPS. On average, analysts expect that Casey’s General Stores, Inc. will post 21.61 EPS for the current year.

Casey’s General Stores Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Sunday, November 1st will be issued a dividend of $0.65 per share. The ex-dividend date is Friday, October 30th. This represents a $2.60 annualized dividend and a yield of 0.4%. Casey’s General Stores’s dividend payout ratio is 12.52%.

About Casey’s General Stores

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.