Cwm LLC Has $2.24 Million Stock Holdings in Casey's General Stores, Inc. (NASDAQ:CASY)

CWM LLC lessened its holdings in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 58.1% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 5,160 shares of the company's stock after selling 7,161 shares during the period. CWM LLC's holdings in Casey's General Stores were worth $2,239,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of CASY. Natixis increased its stake in Casey's General Stores by 21.9% during the fourth quarter. Natixis now owns 8,337 shares of the company's stock worth $3,303,000 after acquiring an additional 1,499 shares during the last quarter. Scholtz & Company LLC bought a new stake in Casey's General Stores during the fourth quarter worth approximately $2,375,000. Segall Bryant & Hamill LLC increased its stake in Casey's General Stores by 9.1% during the fourth quarter. Segall Bryant & Hamill LLC now owns 53,330 shares of the company's stock worth $21,131,000 after acquiring an additional 4,458 shares during the last quarter. CenterBook Partners LP purchased a new position in shares of Casey's General Stores during the fourth quarter valued at approximately $1,079,000. Finally, Integrated Wealth Concepts LLC boosted its position in shares of Casey's General Stores by 50.2% during the fourth quarter. Integrated Wealth Concepts LLC now owns 2,592 shares of the company's stock valued at $1,027,000 after buying an additional 866 shares during the period. Hedge funds and other institutional investors own 85.63% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CASY. Royal Bank Of Canada boosted their price target on Casey's General Stores from $468.00 to $542.00 and gave the company a "sector perform" rating in a report on Wednesday, July 9th. Stephens restated an "overweight" rating and set a $490.00 target price on shares of Casey's General Stores in a report on Tuesday, June 10th. KeyCorp upped their target price on Casey's General Stores from $500.00 to $550.00 and gave the stock an "overweight" rating in a report on Wednesday, June 11th. Wells Fargo & Company upped their target price on Casey's General Stores from $460.00 to $540.00 and gave the stock an "overweight" rating in a report on Wednesday, June 11th. Finally, Wall Street Zen upgraded Casey's General Stores from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $465.25.

Casey's General Stores Price Performance

CASY stock traded down $5.42 during trading on Friday, reaching $510.25. 214,496 shares of the company were exchanged, compared to its average volume of 306,493. The company has a market cap of $18.97 billion, a P/E ratio of 34.85 and a beta of 0.69. Casey's General Stores, Inc. has a 52-week low of $350.52 and a 52-week high of $526.82. The stock's 50 day moving average price is $483.00 and its 200 day moving average price is $443.69. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.48 and a current ratio of 0.92.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its quarterly earnings results on Monday, June 9th. The company reported $2.63 earnings per share for the quarter, topping analysts' consensus estimates of $1.94 by $0.69. Casey's General Stores had a net margin of 3.43% and a return on equity of 16.28%. The company had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $3.95 billion. During the same quarter last year, the firm posted $2.34 earnings per share. Casey's General Stores's revenue was up 10.9% on a year-over-year basis. As a group, analysts predict that Casey's General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey's General Stores Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be issued a dividend of $0.57 per share. This is a positive change from Casey's General Stores's previous quarterly dividend of $0.50. This represents a $2.28 annualized dividend and a yield of 0.45%. The ex-dividend date is Friday, August 1st. Casey's General Stores's dividend payout ratio (DPR) is currently 15.57%.

Insider Buying and Selling at Casey's General Stores

In other news, Director Mike Spanos acquired 200 shares of the business's stock in a transaction that occurred on Monday, June 30th. The shares were purchased at an average cost of $503.18 per share, for a total transaction of $100,636.00. Following the transaction, the director directly owned 3,560 shares in the company, valued at $1,791,320.80. This trade represents a 5.95% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Katrina S. Lindsey sold 2,000 shares of the business's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $506.07, for a total transaction of $1,012,140.00. Following the sale, the insider owned 4,636 shares in the company, valued at $2,346,140.52. This trade represents a 30.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,646 shares of company stock worth $22,136,614. 0.56% of the stock is owned by company insiders.

About Casey's General Stores

Casey's General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.