Nomura Holdings Inc. Grows Holdings in Dollar General Corporation (DG)
Nomura Holdings Inc. boosted its holdings in shares of Dollar General Corporation (NYSE:DG) by 221.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,941 shares of the company’s stock after buying an additional 13,747 shares during the quarter. Nomura Holdings Inc.’s holdings in Dollar General Corporation were worth $1,438,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in DG. BlackRock Inc. raised its holdings in shares of Dollar General Corporation by 4,173.7% in the 1st quarter. BlackRock Inc. now owns 22,144,062 shares of the company’s stock valued at $1,544,106,000 after purchasing an additional 21,625,909 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Dollar General Corporation by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 17,615,600 shares of the company’s stock valued at $1,269,909,000 after purchasing an additional 315,589 shares in the last quarter. Longview Partners Guernsey LTD acquired a new stake in shares of Dollar General Corporation in the 2nd quarter valued at $577,548,000. FMR LLC raised its holdings in shares of Dollar General Corporation by 29.4% in the 2nd quarter. FMR LLC now owns 5,915,175 shares of the company’s stock valued at $426,424,000 after purchasing an additional 1,345,562 shares in the last quarter. Finally, Capital International Investors raised its holdings in shares of Dollar General Corporation by 1.8% in the 2nd quarter. Capital International Investors now owns 5,636,400 shares of the company’s stock valued at $406,328,000 after purchasing an additional 98,000 shares in the last quarter. Institutional investors own 90.49% of the company’s stock.
In other Dollar General Corporation news, EVP Robert D. Ravener sold 11,257 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $77.00, for a total transaction of $866,789.00. Following the completion of the sale, the executive vice president now directly owns 22,598 shares of the company’s stock, valued at $1,740,046. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.22% of the stock is currently owned by corporate insiders.
A number of brokerages have recently weighed in on DG. Royal Bank Of Canada restated a “buy” rating and issued a $85.00 price objective on shares of Dollar General Corporation in a report on Tuesday, October 10th. Piper Jaffray Companies restated a “buy” rating and issued a $85.00 price objective on shares of Dollar General Corporation in a report on Friday, September 29th. BMO Capital Markets restated a “hold” rating on shares of Dollar General Corporation in a report on Wednesday, September 27th. Citigroup Inc. raised their price objective on shares of Dollar General Corporation from $87.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, September 13th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $79.00 price objective on shares of Dollar General Corporation in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Dollar General Corporation presently has an average rating of “Hold” and an average target price of $80.79.
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Dollar General Corporation (NYSE DG) opened at 82.45 on Monday. The firm has a market cap of $22.53 billion, a PE ratio of 18.68 and a beta of 0.96. Dollar General Corporation has a 12 month low of $65.97 and a 12 month high of $83.18. The firm’s 50-day moving average is $78.32 and its 200-day moving average is $74.00.
Dollar General Corporation (NYSE:DG) last issued its quarterly earnings results on Thursday, August 31st. The company reported $1.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.01. Dollar General Corporation had a net margin of 5.38% and a return on equity of 22.67%. The company had revenue of $5.83 billion during the quarter, compared to the consensus estimate of $5.80 billion. During the same period in the prior year, the company earned $1.08 EPS. Dollar General Corporation’s revenue was up 8.1% on a year-over-year basis. Equities analysts expect that Dollar General Corporation will post $4.51 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 24th. Shareholders of record on Tuesday, October 10th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Friday, October 6th. Dollar General Corporation’s dividend payout ratio is presently 23.48%.
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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