Dollar General Corporation (DG) Shares Sold by Canada Pension Plan Investment Board
Canada Pension Plan Investment Board trimmed its position in shares of Dollar General Corporation (NYSE:DG) by 2.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 102,900 shares of the company’s stock after selling 2,710 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Dollar General Corporation were worth $8,340,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Veritable L.P. boosted its position in Dollar General Corporation by 0.7% during the second quarter. Veritable L.P. now owns 4,803 shares of the company’s stock worth $346,000 after purchasing an additional 35 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Dollar General Corporation by 2.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,034 shares of the company’s stock valued at $146,000 after acquiring an additional 48 shares in the last quarter. Gateway Investment Advisers LLC lifted its position in shares of Dollar General Corporation by 0.3% in the second quarter. Gateway Investment Advisers LLC now owns 15,636 shares of the company’s stock valued at $1,127,000 after acquiring an additional 53 shares in the last quarter. Alpha Windward LLC lifted its position in shares of Dollar General Corporation by 3.0% in the second quarter. Alpha Windward LLC now owns 1,900 shares of the company’s stock valued at $137,000 after acquiring an additional 56 shares in the last quarter. Finally, Huntington National Bank lifted its position in shares of Dollar General Corporation by 4.0% in the second quarter. Huntington National Bank now owns 1,965 shares of the company’s stock valued at $142,000 after acquiring an additional 75 shares in the last quarter. Institutional investors own 91.65% of the company’s stock.
In other news, EVP Robert D. Ravener sold 11,257 shares of the stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $77.00, for a total value of $866,789.00. Following the completion of the sale, the executive vice president now owns 22,598 shares in the company, valued at $1,740,046. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.22% of the stock is currently owned by company insiders.
Several analysts have recently issued reports on DG shares. Zacks Investment Research upgraded Dollar General Corporation from a “hold” rating to a “buy” rating and set a $87.00 price objective on the stock in a research report on Monday, August 28th. BidaskClub upgraded Dollar General Corporation from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. Bank of America Corporation restated a “buy” rating and issued a $90.00 price objective on shares of Dollar General Corporation in a research report on Friday, August 25th. Citigroup Inc. upped their price objective on Dollar General Corporation from $87.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, September 13th. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $85.00 price objective on shares of Dollar General Corporation in a research report on Friday, September 29th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $79.84.
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Shares of Dollar General Corporation (NYSE DG) opened at $84.15 on Friday. The company has a market capitalization of $22,994.75, a PE ratio of 18.66, a price-to-earnings-growth ratio of 1.74 and a beta of 0.93. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.18 and a current ratio of 1.42. Dollar General Corporation has a 12 month low of $65.97 and a 12 month high of $85.07.
Dollar General Corporation (NYSE:DG) last announced its quarterly earnings results on Thursday, August 31st. The company reported $1.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.01. Dollar General Corporation had a return on equity of 22.67% and a net margin of 5.38%. The company had revenue of $5.83 billion during the quarter, compared to analyst estimates of $5.80 billion. During the same period in the prior year, the firm posted $1.08 earnings per share. The firm’s revenue was up 8.1% on a year-over-year basis. sell-side analysts anticipate that Dollar General Corporation will post 4.5 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 24th. Stockholders of record on Tuesday, October 10th were paid a $0.26 dividend. The ex-dividend date of this dividend was Friday, October 6th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.24%. Dollar General Corporation’s dividend payout ratio (DPR) is currently 23.48%.
Dollar General Corporation Profile
Dollar General Corporation is a discount retailer. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. The Company’s consumables category includes paper and cleaning products (such as paper towels, bath tissue, and other home cleaning supplies); packaged food (such as cereals, spices, sugar and flour); perishables (such as milk, beer and wine); snacks (such as candy, cookies, and carbonated beverages); health and beauty (such as over-the-counter medicines and personal care products); pet (pet supplies and pet food), and tobacco products.
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