Kwmg LLC Invests $106,000 in Casey’s General Stores Inc (CASY) Stock

Share on StockTwits

Kwmg LLC bought a new stake in Casey’s General Stores Inc (NASDAQ:CASY) during the second quarter, HoldingsChannel reports. The institutional investor bought 1,008 shares of the company’s stock, valued at approximately $106,000.

A number of other hedge funds also recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in Casey’s General Stores by 1.2% in the 1st quarter. BlackRock Inc. now owns 3,076,859 shares of the company’s stock valued at $337,749,000 after buying an additional 36,294 shares in the last quarter. Iridian Asset Management LLC CT lifted its stake in Casey’s General Stores by 16.9% in the 1st quarter. Iridian Asset Management LLC CT now owns 1,277,835 shares of the company’s stock valued at $140,268,000 after buying an additional 184,641 shares in the last quarter. Eagle Asset Management Inc. lifted its stake in Casey’s General Stores by 5.8% in the 2nd quarter. Eagle Asset Management Inc. now owns 666,602 shares of the company’s stock valued at $70,046,000 after buying an additional 36,588 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Casey’s General Stores by 10.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 648,358 shares of the company’s stock valued at $68,129,000 after buying an additional 60,305 shares in the last quarter. Finally, Carillon Tower Advisers Inc. lifted its stake in Casey’s General Stores by 7.1% in the 1st quarter. Carillon Tower Advisers Inc. now owns 464,214 shares of the company’s stock valued at $50,692,000 after buying an additional 30,901 shares in the last quarter. 93.37% of the stock is currently owned by hedge funds and other institutional investors.

CASY has been the topic of a number of recent research reports. Zacks Investment Research raised Casey’s General Stores from a “sell” rating to a “hold” rating in a research note on Thursday, June 14th. Deutsche Bank reduced their price target on Casey’s General Stores from $120.00 to $116.00 and set a “buy” rating on the stock in a research note on Wednesday, June 13th. BidaskClub raised Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Friday, August 17th. Royal Bank of Canada reissued a “hold” rating and set a $120.00 price target on shares of Casey’s General Stores in a research note on Wednesday, August 8th. Finally, Northcoast Research reissued a “neutral” rating on shares of Casey’s General Stores in a research note on Tuesday, June 5th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $124.33.

Shares of Casey’s General Stores stock opened at $116.92 on Wednesday. Casey’s General Stores Inc has a fifty-two week low of $90.42 and a fifty-two week high of $128.51. The firm has a market cap of $4.20 billion, a price-to-earnings ratio of 30.69, a price-to-earnings-growth ratio of 2.74 and a beta of 0.53. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.31 and a current ratio of 0.78.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Tuesday, June 12th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.15). Casey’s General Stores had a return on equity of 11.61% and a net margin of 3.79%. The business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.12 billion. During the same period in the prior year, the company earned $0.76 EPS. The company’s revenue for the quarter was up 13.1% compared to the same quarter last year. analysts expect that Casey’s General Stores Inc will post 4.57 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 15th. Shareholders of record on Wednesday, August 1st were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date was Tuesday, July 31st. This is a positive change from Casey’s General Stores’s previous quarterly dividend of $0.26. Casey’s General Stores’s dividend payout ratio is currently 30.45%.

In other Casey’s General Stores news, insider Terry W. Handley sold 1,342 shares of the stock in a transaction on Monday, June 18th. The stock was sold at an average price of $100.12, for a total transaction of $134,361.04. Following the transaction, the insider now owns 33,287 shares of the company’s stock, valued at approximately $3,332,694.44. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.72% of the company’s stock.

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. The company's stores offer a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; beverage and tobacco products; health and beauty aids; automotive products; school supplies, housewares, and pet supplies; and other nonfood items.

Featured Article: Asset Allocation Models, Which is Right For You?

Want to see what other hedge funds are holding CASY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Casey’s General Stores Inc (NASDAQ:CASY).

Institutional Ownership by Quarter for Casey`s General Stores (NASDAQ:CASY)

Receive News & Ratings for Casey's General Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Casey's General Stores and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply