Dollar General Corp. (DG) Stake Boosted by Cornerstone Capital Management Holdings LLC.
Cornerstone Capital Management Holdings LLC. grew its position in Dollar General Corp. (NYSE:DG) by 2.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,720 shares of the company’s stock after purchasing an additional 1,024 shares during the quarter. Cornerstone Capital Management Holdings LLC.’s holdings in Dollar General were worth $3,623,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the company. Sun Life Financial INC grew its stake in shares of Dollar General by 18,170.0% in the second quarter. Sun Life Financial INC now owns 1,827 shares of the company’s stock worth $132,000 after acquiring an additional 1,817 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Dollar General by 2.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,034 shares of the company’s stock worth $146,000 after acquiring an additional 48 shares during the last quarter. Welch Group LLC grew its stake in shares of Dollar General by 27.1% in the second quarter. Welch Group LLC now owns 2,267 shares of the company’s stock worth $163,000 after acquiring an additional 483 shares during the last quarter. Meeder Asset Management Inc. grew its stake in shares of Dollar General by 22,950.0% in the third quarter. Meeder Asset Management Inc. now owns 2,305 shares of the company’s stock worth $187,000 after acquiring an additional 2,295 shares during the last quarter. Finally, Sigma Planning Corp acquired a new stake in shares of Dollar General in the second quarter worth $202,000. 89.90% of the stock is currently owned by institutional investors.
In other news, EVP Robert D. Ravener sold 11,368 shares of the business’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $92.81, for a total value of $1,055,064.08. Following the sale, the executive vice president now owns 22,598 shares in the company, valued at approximately $2,097,320.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Michael J. Kindy sold 7,536 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $90.64, for a total transaction of $683,063.04. Following the completion of the sale, the senior vice president now owns 7,578 shares in the company, valued at approximately $686,869.92. The disclosure for this sale can be found here. 0.22% of the stock is currently owned by insiders.
Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, December 7th. The company reported $0.93 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.01). Dollar General had a return on equity of 22.58% and a net margin of 5.31%. The business had revenue of $5.90 billion for the quarter, compared to analyst estimates of $5.80 billion. During the same quarter in the prior year, the firm earned $0.89 EPS. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. equities analysts forecast that Dollar General Corp. will post 4.48 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 9th will be paid a $0.26 dividend. The ex-dividend date is Monday, January 8th. This represents a $1.04 annualized dividend and a dividend yield of 1.14%. Dollar General’s dividend payout ratio is presently 23.01%.
Several equities research analysts have recently issued reports on the stock. Raymond James Financial set a $107.00 price objective on shares of Dollar General and gave the stock a “buy” rating in a research note on Saturday, December 9th. Zacks Investment Research downgraded shares of Dollar General from a “buy” rating to a “hold” rating in a research note on Monday, December 11th. Telsey Advisory Group raised their price objective on shares of Dollar General from $86.00 to $98.00 and gave the stock a “market perform” rating in a research note on Friday, December 8th. BMO Capital Markets set a $102.00 price objective on shares of Dollar General and gave the stock a “hold” rating in a research note on Friday, December 8th. Finally, Deutsche Bank raised their price objective on shares of Dollar General to $97.00 and gave the stock a “buy” rating in a research note on Thursday, December 7th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $85.54.
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About Dollar General
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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