CWA Asset Management Group LLC Trims Stock Position in Casey's General Stores, Inc. (NASDAQ:CASY)

CWA Asset Management Group LLC lowered its stake in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 13.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,900 shares of the company's stock after selling 3,768 shares during the period. CWA Asset Management Group LLC owned approximately 0.07% of Casey's General Stores worth $10,808,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Versant Capital Management Inc acquired a new position in shares of Casey's General Stores in the 1st quarter valued at about $25,000. Global Financial Private Client LLC grew its holdings in Casey's General Stores by 325.0% during the first quarter. Global Financial Private Client LLC now owns 68 shares of the company's stock worth $30,000 after buying an additional 52 shares in the last quarter. Whipplewood Advisors LLC raised its holdings in shares of Casey's General Stores by 160.0% in the first quarter. Whipplewood Advisors LLC now owns 117 shares of the company's stock valued at $51,000 after purchasing an additional 72 shares during the last quarter. Heck Capital Advisors LLC bought a new position in shares of Casey's General Stores during the 4th quarter worth approximately $79,000. Finally, V Square Quantitative Management LLC boosted its stake in shares of Casey's General Stores by 32.9% in the 4th quarter. V Square Quantitative Management LLC now owns 210 shares of the company's stock worth $83,000 after buying an additional 52 shares during the last quarter. Institutional investors and hedge funds own 85.63% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CASY shares. BMO Capital Markets increased their price target on shares of Casey's General Stores from $450.00 to $515.00 and gave the company a "market perform" rating in a research report on Wednesday, June 11th. Evercore ISI boosted their price target on shares of Casey's General Stores from $450.00 to $460.00 and gave the company an "outperform" rating in a research report on Tuesday, April 1st. Wells Fargo & Company raised their price objective on shares of Casey's General Stores from $460.00 to $540.00 and gave the stock an "overweight" rating in a report on Wednesday, June 11th. Royal Bank Of Canada set a $438.00 target price on shares of Casey's General Stores and gave the company a "sector perform" rating in a research report on Wednesday, March 12th. Finally, Stephens reissued an "overweight" rating and issued a $490.00 price target on shares of Casey's General Stores in a research note on Tuesday, June 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $453.00.

Casey's General Stores Stock Down 0.3%

Shares of Casey's General Stores stock traded down $1.32 during midday trading on Wednesday, hitting $506.31. The company had a trading volume of 396,614 shares, compared to its average volume of 303,933. Casey's General Stores, Inc. has a 52-week low of $350.52 and a 52-week high of $527.65. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.48 and a current ratio of 0.92. The stock has a market capitalization of $18.79 billion, a P/E ratio of 34.58, a P/E/G ratio of 2.53 and a beta of 0.65. The company has a 50 day moving average of $456.82 and a 200 day moving average of $427.59.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last announced its quarterly earnings results on Monday, June 9th. The company reported $2.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.94 by $0.69. The company had revenue of $3.99 billion for the quarter, compared to analysts' expectations of $3.95 billion. Casey's General Stores had a net margin of 3.43% and a return on equity of 16.28%. Casey's General Stores's revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.34 EPS. On average, equities 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 company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be given a dividend of $0.57 per share. The ex-dividend date is Friday, August 1st. This represents a $2.28 annualized dividend and a dividend yield of 0.45%. This is an increase from Casey's General Stores's previous quarterly dividend of $0.50. Casey's General Stores's dividend payout ratio (DPR) is 13.66%.

Insider Buying and Selling

In related news, insider Katrina S. Lindsey sold 250 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $437.01, for a total transaction of $109,252.50. Following the transaction, the insider now owns 2,443 shares in the company, valued at $1,067,615.43. This represents a 9.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Allison M. Wing sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $502.16, for a total transaction of $502,160.00. Following the completion of the sale, the director now owns 3,058 shares in the company, valued at $1,535,605.28. This represents a 24.64% decrease in their position. The disclosure for this sale can be found here. 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.