World Asset Management Inc Decreases Stake in Caseys General Stores, Inc. (CASY)
World Asset Management Inc reduced its stake in Caseys General Stores, Inc. (NASDAQ:CASY) by 11.0% during the second quarter, according to its most recent filing with the SEC. The fund owned 2,696 shares of the company’s stock after selling 333 shares during the period. World Asset Management Inc’s holdings in Caseys General Stores were worth $289,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in the company. Advisory Services Network LLC acquired a new stake in shares of Caseys General Stores during the first quarter valued at $115,000. Engine Capital Management LLC boosted its stake in shares of Caseys General Stores by 740.3% in the first quarter. Engine Capital Management LLC now owns 2,000 shares of the company’s stock valued at $225,000 after buying an additional 1,762 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Caseys General Stores by 5.1% in the first quarter. State of Alaska Department of Revenue now owns 2,411 shares of the company’s stock valued at $270,000 after buying an additional 117 shares in the last quarter. Neuberger Berman Group LLC acquired a new stake in shares of Caseys General Stores during the first quarter valued at $275,000. Finally, First Bank & Trust boosted its stake in shares of Caseys General Stores by 10.7% in the first quarter. First Bank & Trust now owns 2,496 shares of the company’s stock valued at $280,000 after buying an additional 241 shares in the last quarter. Institutional investors own 98.60% of the company’s stock.
Caseys General Stores, Inc. (NASDAQ:CASY) opened at 104.37 on Wednesday. Caseys General Stores, Inc. has a 1-year low of $101.89 and a 1-year high of $135.68. The firm’s 50-day moving average is $106.15 and its 200 day moving average is $111.14. The stock has a market capitalization of $4.02 billion, a price-to-earnings ratio of 23.30 and a beta of 0.48.
Caseys General Stores (NASDAQ:CASY) last issued its earnings results on Monday, June 5th. The company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by $0.09. Caseys General Stores had a return on equity of 14.93% and a net margin of 2.36%. The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period last year, the business earned $1.19 earnings per share. The firm’s revenue was up 16.6% compared to the same quarter last year. Equities analysts anticipate that Caseys General Stores, Inc. will post $4.54 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st were paid a $0.26 dividend. The ex-dividend date was Friday, July 28th. This is an increase from Caseys General Stores’s previous quarterly dividend of $0.24. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.00%. Caseys General Stores’s dividend payout ratio (DPR) is 23.21%.
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Several brokerages recently weighed in on CASY. BidaskClub upgraded shares of Caseys General Stores from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. Zacks Investment Research upgraded shares of Caseys General Stores from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Royal Bank Of Canada restated a “sector perform” rating and issued a $121.00 price target (down previously from $123.00) on shares of Caseys General Stores in a research report on Monday, May 29th. BMO Capital Markets set a $110.00 price objective on shares of Caseys General Stores and gave the stock a “market perform” rating in a research note on Wednesday, June 7th. Finally, Deutsche Bank AG set a $120.00 price objective on shares of Caseys General Stores and gave the stock a “buy” rating in a research note on Tuesday, June 6th. Eight analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $116.29.
In other Caseys General Stores news, SVP Julia L. Jackowski sold 1,000 shares of the firm’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 completion of the sale, the senior vice president now directly owns 21,902 shares of the company’s stock, valued at approximately $2,367,387.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is owned by company insiders.
About Caseys General Stores
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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