Russell Investments Group Ltd. Decreases Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

Russell Investments Group Ltd. decreased its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 7.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 43,742 shares of the company’s stock after selling 3,294 shares during the period. Russell Investments Group Ltd.’s holdings in Casey’s General Stores were worth $12,018,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. BKM Wealth Management LLC purchased a new position in shares of Casey’s General Stores during the 4th quarter valued at $29,000. McGlone Suttner Wealth Management Inc. purchased a new stake in Casey’s General Stores during the fourth quarter valued at about $36,000. Harvest Fund Management Co. Ltd bought a new position in Casey’s General Stores during the third quarter worth about $38,000. Milestone Investment Advisors LLC bought a new position in Casey’s General Stores during the third quarter worth about $43,000. Finally, Blue Trust Inc. increased its stake in shares of Casey’s General Stores by 81.7% in the fourth quarter. Blue Trust Inc. now owns 169 shares of the company’s stock worth $46,000 after purchasing an additional 76 shares in the last quarter. 85.63% of the stock is owned by institutional investors.

Casey’s General Stores Stock Performance

Shares of CASY opened at $313.92 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.42 and a debt-to-equity ratio of 0.54. The stock has a 50-day moving average price of $310.66 and a 200-day moving average price of $289.28. The company has a market cap of $11.62 billion, a PE ratio of 24.95, a price-to-earnings-growth ratio of 2.30 and a beta of 0.82. 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) last released its quarterly earnings results on Tuesday, March 12th. The company reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.13. The business had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.51 billion. Casey’s General Stores had a net margin of 3.23% and a return on equity of 16.70%. The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.36 EPS. As a group, equities analysts forecast that Casey’s General Stores, Inc. will post 12.81 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a $0.43 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $1.72 dividend on an annualized basis and a yield of 0.55%. Casey’s General Stores’s dividend payout ratio is presently 13.67%.

Wall Street Analyst Weigh In

CASY has been the subject of several analyst reports. Evercore ISI cut their price objective on shares of Casey’s General Stores from $350.00 to $345.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Wells Fargo & Company lifted their price target on Casey’s General Stores from $305.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, March 5th. BMO Capital Markets increased their price objective on Casey’s General Stores from $290.00 to $305.00 and gave the stock a “market perform” rating in a report on Wednesday, March 13th. StockNews.com downgraded Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 21st. Finally, Benchmark reiterated a “buy” rating and set a $312.00 price target on shares of Casey’s General Stores in a research report on Wednesday, March 6th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $312.63.

Casey’s General Stores Company 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.