Mandatum Life Insurance Co Ltd cut its position in Dollar General Corporation (NYSE:DG) by 88.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,666 shares of the company’s stock after selling 41,365 shares during the period. Mandatum Life Insurance Co Ltd’s holdings in Dollar General Corporation were worth $408,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the company. Horan Capital Management acquired a new stake in Dollar General Corporation during the first quarter worth approximately $335,000. Korea Investment CORP increased its stake in Dollar General Corporation by 33.7% in the first quarter. Korea Investment CORP now owns 127,581 shares of the company’s stock worth $8,896,000 after buying an additional 32,148 shares during the last quarter. Atria Investments LLC increased its stake in Dollar General Corporation by 29.1% in the first quarter. Atria Investments LLC now owns 17,414 shares of the company’s stock worth $1,214,000 after buying an additional 3,925 shares during the last quarter. Toronto Dominion Bank increased its stake in Dollar General Corporation by 47.8% in the first quarter. Toronto Dominion Bank now owns 76,962 shares of the company’s stock worth $5,368,000 after buying an additional 24,874 shares during the last quarter. Finally, First Mercantile Trust Co. increased its stake in Dollar General Corporation by 4.6% in the first quarter. First Mercantile Trust Co. now owns 20,620 shares of the company’s stock worth $1,438,000 after buying an additional 903 shares during the last quarter. Institutional investors and hedge funds own 88.66% of the company’s stock.
Dollar General Corporation (DG) traded down 0.12% during trading on Friday, reaching $75.49. 1,747,851 shares of the company traded hands. The company has a market cap of $20.70 billion, a PE 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 $93.11. The company’s 50-day moving average is $72.64 and its 200 day moving average is $72.65.
Dollar General Corporation (NYSE:DG) last released its quarterly earnings data on Thursday, June 1st. The company reported $1.03 EPS for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.03. Dollar General Corporation had a net margin of 5.53% and a return on equity of 23.07%. The firm had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.59 billion. During the same period in the previous year, the business posted $1.03 earnings per share. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, analysts anticipate that Dollar General Corporation will post $4.50 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 25th. Shareholders of record on Tuesday, July 11th were given a dividend of $0.26 per share. The ex-dividend date was Friday, July 7th. This represents a $1.04 dividend on an annualized basis and a yield of 1.38%. Dollar General Corporation’s dividend payout ratio (DPR) is 23.48%.
DG has been the topic of a number of research reports. Deutsche Bank AG reiterated a “hold” rating and issued a $78.00 target price on shares of Dollar General Corporation in a report on Tuesday, July 4th. Gordon Haskett upgraded shares of Dollar General Corporation from a “reduce” rating to an “accumulate” rating in a report on Thursday, June 1st. Buckingham Research restated a “neutral” rating and set a $75.00 price target on shares of Dollar General Corporation in a report on Tuesday, April 18th. Morgan Stanley restated an “overweight” rating and set a $85.00 price target on shares of Dollar General Corporation in a report on Tuesday, June 6th. Finally, Royal Bank Of Canada boosted their price target on shares of Dollar General Corporation from $81.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eleven have issued a buy rating to the company. Dollar General Corporation presently has an average rating of “Hold” and an average price target of $80.89.
About Dollar General Corporation
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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