Copeland Capital Management LLC trimmed its stake in Casey's General Stores Inc (NASDAQ:CASY) by 1.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 217,464 shares of the company’s stock after selling 3,301 shares during the period. Casey's General Stores makes up 1.5% of Copeland Capital Management LLC’s investment portfolio, making the stock its 11th largest holding. Copeland Capital Management LLC owned about 0.58% of Casey's General Stores worth $24,343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Clear Perspective Advisors LLC grew its position in shares of Casey's General Stores by 8.9% in the 2nd quarter. Clear Perspective Advisors LLC now owns 1,225 shares of the company’s stock valued at $131,000 after buying an additional 100 shares during the last quarter. Zions Bancorporation purchased a new position in shares of Casey's General Stores in the 3rd quarter valued at $164,000. Crossmark Global Holdings Inc. purchased a new position in shares of Casey's General Stores in the 3rd quarter valued at $264,000. Trexquant Investment LP purchased a new position in shares of Casey's General Stores in the 3rd quarter valued at $267,000. Finally, Shelton Capital Management purchased a new position in shares of Casey's General Stores in the 2nd quarter valued at $313,000. 95.12% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms recently commented on CASY. Zacks Investment Research raised shares of Casey's General Stores from a “sell” rating to a “hold” rating in a research report on Tuesday. BMO Capital Markets set a $122.00 target price on shares of Casey's General Stores and gave the company a “hold” rating in a research report on Wednesday, January 24th. BidaskClub cut shares of Casey's General Stores from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 24th. Stephens set a $150.00 price target on shares of Casey's General Stores and gave the stock a “buy” rating in a research note on Friday, January 12th. Finally, Wells Fargo & Co increased their price target on shares of Casey's General Stores from $105.00 to $118.00 and gave the stock a “market perform” rating in a research note on Thursday, January 4th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $120.78.
Shares of Casey's General Stores Inc (CASY) traded up $1.27 during trading hours on Wednesday, reaching $112.53. 370,200 shares of the company were exchanged, compared to its average volume of 442,090. The firm has a market cap of $4,230.00, a PE ratio of 27.58, a P/E/G ratio of 1.93 and a beta of 0.51. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.72 and a current ratio of 1.23. Casey's General Stores Inc has a 12-month low of $99.76 and a 12-month high of $128.51.
Casey's General Stores (NASDAQ:CASY) last released its earnings results on Monday, December 11th. The company reported $1.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by ($0.12). Casey's General Stores had a return on equity of 13.42% and a net margin of 2.02%. The firm had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter last year, the business posted $1.44 EPS. The firm’s revenue was up 12.2% on a year-over-year basis. analysts anticipate that Casey's General Stores Inc will post 4.2 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend is Wednesday, January 31st. Casey's General Stores’s dividend payout ratio (DPR) is presently 25.49%.
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About Casey's General Stores
Casey’s General Stores, Inc and its subsidiaries, operate convenience stores under the name Casey’s General Store in approximately 10 Midwestern states, in Iowa, Missouri, and Illinois. The Company also operates approximately two stores selling primarily tobacco products. The stores carry a range of food, including freshly prepared foods such as pizza, donuts, and sandwiches, beverages, tobacco products, health and beauty aids, automotive products and other nonfood items.
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