Dollar General Corporation (DG) Shares Sold by Cigna Investments Inc. New
Cigna Investments Inc. New lowered its position in Dollar General Corporation (NYSE:DG) by 6.6% during the second quarter, Holdings Channel reports. The fund owned 10,173 shares of the company’s stock after selling 714 shares during the period. Cigna Investments Inc. New’s holdings in Dollar General Corporation were worth $733,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of DG. BlackRock Inc. raised its stake in shares of Dollar General Corporation by 4,173.7% in the first quarter. BlackRock Inc. now owns 22,144,062 shares of the company’s stock worth $1,544,106,000 after buying an additional 21,625,909 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Dollar General Corporation by 2.5% in the first quarter. Vanguard Group Inc. now owns 17,300,011 shares of the company’s stock worth $1,206,329,000 after buying an additional 430,091 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Dollar General Corporation by 20.5% in the first quarter. Bank of New York Mellon Corp now owns 8,215,436 shares of the company’s stock worth $572,863,000 after buying an additional 1,398,043 shares during the last quarter. Longview Partners Guernsey LTD bought a new stake in shares of Dollar General Corporation during the second quarter worth approximately $577,548,000. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Dollar General Corporation by 281.5% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,740,089 shares of the company’s stock worth $330,886,000 after buying an additional 3,497,733 shares during the last quarter. Institutional investors and hedge funds own 88.66% of the company’s stock.
Shares of Dollar General Corporation (DG) opened at 75.49 on Friday. The firm’s 50-day moving average is $72.64 and its 200-day moving average is $72.65. The company has a market capitalization of $20.70 billion, a price-to-earnings ratio of 17.07 and a beta of 0.93. Dollar General Corporation has a 12-month low of $65.97 and a 12-month high of $92.65.
Dollar General Corporation (NYSE:DG) last posted its quarterly earnings results on Thursday, June 1st. The company reported $1.03 EPS for the quarter, topping the consensus estimate of $1.00 by $0.03. The firm had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.59 billion. Dollar General Corporation had a net margin of 5.53% and a return on equity of 23.07%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same period last year, the firm posted $1.03 earnings per share. On average, equities analysts predict that Dollar General Corporation will post $4.50 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 25th. Shareholders of record on Tuesday, July 11th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend was Friday, July 7th. Dollar General Corporation’s dividend payout ratio (DPR) is presently 23.48%.
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A number of equities research analysts recently commented on DG shares. Deutsche Bank AG restated a “hold” rating and set a $79.00 price objective (up from $78.00) on shares of Dollar General Corporation in a report on Saturday, June 3rd. Jefferies Group LLC restated a “hold” rating and set a $68.00 price objective on shares of Dollar General Corporation in a report on Wednesday, July 19th. Royal Bank Of Canada raised their price objective on shares of Dollar General Corporation from $81.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded shares of Dollar General Corporation from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a report on Friday, June 9th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $88.00 price objective on shares of Dollar General Corporation in a report on Wednesday, May 17th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eleven have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $80.89.
Dollar General Corporation Company 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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