UNIVEST FINANCIAL Corp Sells 1,426 Shares of Casey’s General Stores, Inc. $CASY

UNIVEST FINANCIAL Corp trimmed its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 14.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 8,408 shares of the company’s stock after selling 1,426 shares during the period. UNIVEST FINANCIAL Corp’s holdings in Casey’s General Stores were worth $5,116,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of CASY. Fiduciary Financial Advisors acquired a new stake in Casey’s General Stores in the 2nd quarter valued at about $26,000. Polaris Financial Partners purchased a new position in shares of Casey’s General Stores in the 3rd quarter valued at about $29,000. Bell Investment Advisors Inc acquired a new position in shares of Casey’s General Stores during the second quarter worth about $33,000. Anchor Investment Management LLC grew its position in shares of Casey’s General Stores by 72.0% during the second quarter. Anchor Investment Management LLC now owns 43 shares of the company’s stock worth $34,000 after buying an additional 18 shares in the last quarter. Finally, Caitlin John LLC acquired a new position in shares of Casey’s General Stores during the second quarter worth about $35,000. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Analyst Upgrades and Downgrades

CASY has been the topic of a number of recent research reports. UBS Group cut their target price on shares of Casey’s General Stores from $925.00 to $720.00 and set a “neutral” rating on the stock in a research note on Thursday, September 10th. Wall Street Zen downgraded shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Saturday, September 12th. BMO Capital Markets set a $810.00 price target on shares of Casey’s General Stores in a report on Thursday, September 10th. Raymond James Financial upgraded shares of Casey’s General Stores from a “market perform” rating to an “outperform” rating and set a $750.00 price target for the company in a report on Thursday, September 10th. Finally, KeyCorp dropped their price objective on shares of Casey’s General Stores from $970.00 to $780.00 and set an “overweight” rating on the stock in a research report on Thursday, September 10th. Sixteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Casey’s General Stores presently has a consensus rating of “Moderate Buy” and an average price target of $835.38.

Casey’s General Stores Trading Up 2.2%

NASDAQ:CASY opened at $714.11 on Thursday. The stock has a 50-day simple moving average of $655.26 and a 200-day simple moving average of $742.16. The stock has a market cap of $26.39 billion, a P/E ratio of 34.40, a P/E/G ratio of 2.26 and a beta of 0.59. Casey’s General Stores, Inc. has a 1 year low of $529.84 and a 1 year high of $927.85. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.61 and a current ratio of 1.02.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Tuesday, September 8th. The company reported $7.37 EPS for the quarter, beating analysts’ consensus estimates of $6.78 by $0.59. Casey’s General Stores had a return on equity of 19.68% and a net margin of 4.14%. The business had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.56 billion. During the same quarter in the prior year, the business posted $5.77 EPS. The business’s revenue for the quarter was up 24.3% on a year-over-year basis. As a group, analysts anticipate that Casey’s General Stores, Inc. will post 21.61 earnings per share for the current fiscal year.

Casey’s General Stores Dividend Announcement

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

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.