WCM Investment Management LLC Has $17.69 Million Stake in Casey's General Stores, Inc. (NASDAQ:CASY)

WCM Investment Management LLC cut its stake in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 8.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 64,314 shares of the company's stock after selling 5,855 shares during the quarter. WCM Investment Management LLC owned about 0.17% of Casey's General Stores worth $17,687,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CASY. Money Concepts Capital Corp grew its stake in shares of Casey's General Stores by 62.7% during the 4th quarter. Money Concepts Capital Corp now owns 122 shares of the company's stock worth $27,000 after purchasing an additional 47 shares during the period. BKM Wealth Management LLC acquired a new position in shares of Casey's General Stores during the 4th quarter worth $29,000. Sunbelt Securities Inc. grew its stake in Casey's General Stores by 46.6% in the 2nd quarter. Sunbelt Securities Inc. now owns 129 shares of the company's stock valued at $31,000 after acquiring an additional 41 shares during the last quarter. Fortis Capital Advisors LLC acquired a new stake in Casey's General Stores in the 1st quarter valued at about $31,000. Finally, Milestone Investment Advisors LLC acquired a new stake in Casey's General Stores in the 1st quarter valued at about $34,000. 85.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on CASY shares. Benchmark reissued a "buy" rating and issued a $312.00 price objective on shares of Casey's General Stores in a research note on Wednesday, March 6th. BMO Capital Markets increased their price objective on shares of Casey's General Stores from $290.00 to $305.00 and gave the company a "market perform" rating in a research note on Wednesday, March 13th. StockNews.com cut shares of Casey's General Stores from a "strong-buy" rating to a "buy" rating in a research note on Thursday, March 21st. Wells Fargo & Company increased their price objective on shares of Casey's General Stores from $305.00 to $340.00 and gave the company an "overweight" rating in a research note on Tuesday, March 5th. Finally, Evercore ISI lowered their price objective on shares of Casey's General Stores from $355.00 to $350.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 2nd. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $308.44.

Casey's General Stores Trading Up 0.1 %

NASDAQ:CASY traded up $0.27 on Friday, reaching $310.06. The stock had a trading volume of 236,425 shares, compared to its average volume of 304,104. The company has a market cap of $11.48 billion, a price-to-earnings ratio of 24.65, a P/E/G ratio of 2.48 and a beta of 0.83. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.89 and a quick ratio of 0.42. The firm's fifty day moving average is $301.69 and its two-hundred day moving average is $284.89. Casey's General Stores, Inc. has a 12-month low of $212.50 and a 12-month high of $324.40.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last announced its quarterly earnings data on Tuesday, March 12th. The company reported $2.33 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.13. The business had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.51 billion. Casey's General Stores had a net margin of 3.23% and a return on equity of 16.70%. The company's revenue was down .1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.36 EPS. Equities analysts expect that Casey's General Stores, Inc. will post 12.81 EPS for the current fiscal year.

Casey's General Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.72 annualized dividend and a dividend yield of 0.55%. Casey's General Stores's payout ratio is currently 13.67%.

Casey's General Stores Profile

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.