World Asset Management Inc Has $289,000 Stake in Caseys General Stores, Inc. (CASY)
World Asset Management Inc decreased its position in Caseys General Stores, Inc. (NASDAQ:CASY) by 11.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (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 quarter.
Other hedge funds have also recently bought and sold shares of the company. Advisory Services Network LLC purchased a new stake in Caseys General Stores during the first quarter worth $115,000. Engine Capital Management LLC raised its stake in Caseys General Stores by 740.3% in the first quarter. Engine Capital Management LLC now owns 2,000 shares of the company’s stock worth $225,000 after buying an additional 1,762 shares during the period. Private Advisor Group LLC purchased a new stake in Caseys General Stores during the first quarter worth $233,000. State of Alaska Department of Revenue raised its stake in 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 worth $270,000 after buying an additional 117 shares during the period. Finally, Neuberger Berman Group LLC purchased a new stake in Caseys General Stores during the first quarter worth $275,000. 98.60% of the stock is currently owned by institutional investors and hedge funds.
Caseys General Stores, Inc. (NASDAQ:CASY) opened at 104.37 on Wednesday. The firm has a 50-day moving average of $106.15 and a 200-day moving average of $111.14. The stock has a market cap of $4.02 billion, a PE ratio of 23.30 and a beta of 0.48. Caseys General Stores, Inc. has a 1-year low of $101.89 and a 1-year high of $135.68.
Caseys General Stores (NASDAQ:CASY) last released its quarterly earnings data on Monday, June 5th. The company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by $0.09. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.88 billion. Caseys General Stores had a net margin of 2.36% and a return on equity of 14.93%. The company’s quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.19 EPS. Analysts expect that Caseys General Stores, Inc. will post $4.54 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, July 28th. This represents a $1.04 annualized dividend and a dividend yield of 1.00%. This is a boost from Caseys General Stores’s previous quarterly dividend of $0.24. Caseys General Stores’s dividend payout ratio (DPR) is presently 23.21%.
A number of analysts recently weighed in on CASY shares. Jefferies Group LLC reaffirmed a “buy” rating and set a $139.00 target price on shares of Caseys General Stores in a report on Tuesday, June 20th. Deutsche Bank AG set a $120.00 price target on shares of Caseys General Stores and gave the stock a “buy” rating in a research note on Tuesday, June 6th. Barclays PLC cut their price target on shares of Caseys General Stores from $116.00 to $100.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 7th. BMO Capital Markets set a $116.00 price target on shares of Caseys General Stores and gave the stock a “hold” rating in a research note on Wednesday, May 31st. Finally, Zacks Investment Research raised shares of Caseys General Stores from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 16th. Eight research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Caseys General Stores has an average rating of “Hold” and an average price target of $116.29.
In other news, SVP John C. Soupene sold 1,000 shares of Caseys General Stores stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $106.52, for a total transaction of $106,520.00. Following the sale, the senior vice president now owns 1,253 shares in the company, valued at $133,469.56. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.30% of the company’s stock.
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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