Dollar General Corporation (DG) Shares Sold by Bank of New York Mellon Corp
Bank of New York Mellon Corp decreased its holdings in Dollar General Corporation (NYSE:DG) by 52.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,752,092 shares of the company’s stock after selling 4,071,787 shares during the period. Bank of New York Mellon Corp owned about 1.37% of Dollar General Corporation worth $304,108,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the business. Sun Life Financial INC increased its stake in shares of Dollar General Corporation by 18,170.0% during the second quarter. Sun Life Financial INC now owns 1,827 shares of the company’s stock worth $132,000 after purchasing an additional 1,817 shares during the period. Alpha Windward LLC increased its stake in shares of Dollar General Corporation by 3.0% during the second quarter. Alpha Windward LLC now owns 1,900 shares of the company’s stock worth $137,000 after purchasing an additional 56 shares during the period. Huntington National Bank increased its stake in shares of Dollar General Corporation by 4.0% during the second quarter. Huntington National Bank now owns 1,965 shares of the company’s stock worth $142,000 after purchasing an additional 75 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Dollar General Corporation by 2.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,034 shares of the company’s stock worth $146,000 after purchasing an additional 48 shares during the period. Finally, Harbour Capital Advisors LLC increased its stake in shares of Dollar General Corporation by 7,109.3% during the second quarter. Harbour Capital Advisors LLC now owns 10,814 shares of the company’s stock worth $150,000 after purchasing an additional 10,664 shares during the period. Hedge funds and other institutional investors own 89.31% of the company’s stock.
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In other news, EVP Robert D. Ravener sold 11,257 shares of the firm’s 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 directly owns 22,598 shares in the company, valued at approximately $1,740,046. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.22% of the company’s stock.
A number of brokerages have recently weighed in on DG. Buckingham Research reiterated a “neutral” rating and set a $75.00 target price on shares of Dollar General Corporation in a research note on Monday, August 7th. BidaskClub raised Dollar General Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Zacks Investment Research downgraded Dollar General Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Deutsche Bank AG raised Dollar General Corporation from a “hold” rating to a “buy” rating and increased their price target for the stock from $79.00 to $93.00 in a research report on Wednesday. Finally, BMO Capital Markets set a $85.00 price target on Dollar General Corporation and gave the stock a “hold” rating in a research report on Tuesday, August 22nd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $80.98.
Dollar General Corporation (DG) traded up $2.61 during mid-day trading on Friday, hitting $84.91. The stock had a trading volume of 3,513,300 shares, compared to its average volume of 2,841,917. Dollar General Corporation has a 1 year low of $65.97 and a 1 year high of $85.11. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.18 and a current ratio of 1.42. The company has a market cap of $23,200.00, a price-to-earnings ratio of 18.25, a PEG ratio of 1.62 and a beta of 0.93.
Dollar General Corporation (NYSE:DG) last posted its quarterly earnings data on Thursday, August 31st. The company reported $1.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.01. The firm had revenue of $5.83 billion during the quarter, compared to analyst estimates of $5.80 billion. Dollar General Corporation had a return on equity of 22.67% and a net margin of 5.38%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the company posted $1.08 EPS. equities analysts forecast that Dollar General Corporation will post 4.5 earnings per share for the current year.
The company 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 annualized dividend and a dividend yield of 1.22%. Dollar General Corporation’s dividend payout ratio is presently 23.53%.
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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