CWA Asset Management Group LLC raised its stake in shares of Caseys General Stores, Inc. (NASDAQ:CASY) by 82.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,393 shares of the company’s stock after buying an additional 15,063 shares during the quarter. Caseys General Stores comprises about 1.1% of CWA Asset Management Group LLC’s investment portfolio, making the stock its 24th biggest holding. CWA Asset Management Group LLC owned about 0.09% of Caseys General Stores worth $3,577,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently made changes to their positions in CASY. BlackRock Inc. raised its stake in Caseys General Stores by 14,288.2% during the first quarter. BlackRock Inc. now owns 3,093,329 shares of the company’s stock valued at $347,227,000 after buying an additional 3,071,830 shares during the last quarter. Credit Suisse AG raised its stake in Caseys General Stores by 518.4% during the first quarter. Credit Suisse AG now owns 364,691 shares of the company’s stock valued at $40,935,000 after buying an additional 305,714 shares during the last quarter. Fiduciary Management Inc. WI purchased a new position in Caseys General Stores during the first quarter valued at $29,598,000. Clearbridge Investments LLC raised its stake in Caseys General Stores by 23.6% during the first quarter. Clearbridge Investments LLC now owns 1,373,665 shares of the company’s stock valued at $154,194,000 after buying an additional 262,360 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Caseys General Stores by 5.7% during the first quarter. Vanguard Group Inc. now owns 3,440,957 shares of the company’s stock valued at $386,247,000 after buying an additional 186,873 shares during the last quarter. Institutional investors and hedge funds own 99.48% of the company’s stock.
In related news, SVP Julia L. Jackowski sold 1,000 shares of the company’s stock in a transaction on Monday, June 19th. The stock was sold at an average price of $108.09, for a total value of $108,090.00. Following the transaction, the senior vice president now directly owns 21,902 shares of the company’s stock, valued at approximately $2,367,387.18. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.30% of the stock is owned by corporate insiders.
Shares of Caseys General Stores, Inc. (NASDAQ:CASY) traded up 0.2406% during mid-day trading on Tuesday, hitting $106.3453. The company had a trading volume of 157,018 shares. The company has a market capitalization of $4.10 billion, a price-to-earnings ratio of 23.7378 and a beta of 0.50. The company has a 50-day moving average price of $106.18 and a 200-day moving average price of $109.60. Caseys General Stores, Inc. has a 1-year low of $99.76 and a 1-year high of $126.49.
Caseys General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Tuesday, September 5th. The company reported $1.46 EPS for the quarter, meeting the consensus estimate of $1.46. Caseys General Stores had a return on equity of 13.99% and a net margin of 2.19%. The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the prior year, the business posted $1.70 EPS. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, equities analysts anticipate that Caseys General Stores, Inc. will post $4.40 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Tuesday, October 31st. Caseys General Stores’s payout ratio is 24.53%.
A number of analysts have commented on the company. Barclays PLC reduced their target price on Caseys General Stores from $116.00 to $100.00 and set an “equal weight” rating for the company in a report on Wednesday, June 7th. BMO Capital Markets set a $110.00 target price on Caseys General Stores and gave the stock a “market perform” rating in a report on Wednesday, June 7th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $121.00 target price (down previously from $123.00) on shares of Caseys General Stores in a report on Monday, May 29th. Jefferies Group LLC set a $139.00 target price on Caseys General Stores and gave the stock a “buy” rating in a report on Thursday, May 18th. Finally, Zacks Investment Research raised Caseys General Stores from a “sell” rating to a “hold” rating in a report on Friday, August 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Caseys General Stores has a consensus rating of “Hold” and an average target price of $115.29.
Caseys General Stores Company Profile
Casey’s General Stores, Inc and its subsidiaries, operate convenience stores under the name Casey’s General Store in approximately 10 Midwestern states, in Iowa, Missouri, and Illinois. The Company also operates approximately two stores selling primarily tobacco products. The stores carry a range of food, including freshly prepared foods such as pizza, donuts, and sandwiches, beverages, tobacco products, health and beauty aids, automotive products and other nonfood items.
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