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

CWA Asset Management Group LLC purchased a new stake in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 29,611 shares of the company's stock, valued at approximately $11,125,000. CWA Asset Management Group LLC owned about 0.08% of Casey's General Stores at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Casey's General Stores during the 1st quarter worth about $794,000. Bailard Inc. purchased a new stake in shares of Casey's General Stores in the 2nd quarter valued at approximately $1,021,000. SG Americas Securities LLC purchased a new stake in shares of Casey's General Stores in the 2nd quarter valued at approximately $2,183,000. Cetera Investment Advisers lifted its holdings in shares of Casey's General Stores by 255.8% in the 1st quarter. Cetera Investment Advisers now owns 9,291 shares of the company's stock worth $2,959,000 after acquiring an additional 6,680 shares during the last quarter. Finally, Marks Group Wealth Management Inc purchased a new position in shares of Casey's General Stores during the 3rd quarter worth approximately $5,489,000. Hedge funds and other institutional investors own 85.63% of the company's stock.

Casey's General Stores Stock Down 0.1 %

NASDAQ CASY traded down $0.52 on Friday, hitting $412.85. 229,658 shares of the stock were exchanged, compared to its average volume of 205,053. Casey's General Stores, Inc. has a fifty-two week low of $266.56 and a fifty-two week high of $420.27. The company has a 50-day moving average price of $382.08 and a 200-day moving average price of $366.37. The company has a market cap of $15.32 billion, a PE ratio of 30.05 and a beta of 0.79. The company has a quick ratio of 0.44, a current ratio of 0.84 and a debt-to-equity ratio of 0.44.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its earnings results on Wednesday, September 4th. The company reported $4.83 EPS for the quarter, topping analysts' consensus estimates of $4.54 by $0.29. The firm had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.15 billion. Casey's General Stores had a net margin of 3.40% and a return on equity of 17.07%. The company's revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.52 earnings per share. Sell-side analysts anticipate that Casey's General Stores, Inc. will post 14.24 EPS for the current fiscal year.

Casey's General Stores Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date is Friday, November 1st. Casey's General Stores's dividend payout ratio (DPR) is 14.56%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Wells Fargo & Company boosted their target price on Casey's General Stores from $415.00 to $425.00 and gave the company an "overweight" rating in a research report on Friday, September 6th. Deutsche Bank Aktiengesellschaft increased their target price on Casey's General Stores from $451.00 to $454.00 and gave the stock a "buy" rating in a research note on Wednesday. Benchmark restated a "buy" rating and set a $410.00 target price on shares of Casey's General Stores in a report on Tuesday, September 10th. Melius Research assumed coverage on shares of Casey's General Stores in a research note on Monday, September 23rd. They set a "buy" rating and a $435.00 price target on the stock. Finally, JPMorgan Chase & Co. lowered shares of Casey's General Stores from a "neutral" rating to an "underweight" rating and raised their price objective for the company from $300.00 to $337.00 in a research note on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $408.25.

Insider Activity

In related news, CEO Darren M. Rebelez sold 13,500 shares of the firm's stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $374.54, for a total transaction of $5,056,290.00. Following the transaction, the chief executive officer now owns 73,838 shares in the company, valued at $27,655,284.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Mike Spanos acquired 267 shares of the company's stock in a transaction on Wednesday, September 18th. The shares were bought at an average cost of $376.18 per share, with a total value of $100,440.06. Following the purchase, the director now owns 2,594 shares of the company's stock, valued at $975,810.92. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Darren M. Rebelez sold 13,500 shares of the business's stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $374.54, for a total transaction of $5,056,290.00. Following the transaction, the chief executive officer now owns 73,838 shares in the company, valued at approximately $27,655,284.52. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.56% of the company's stock.

About Casey's General Stores

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.