Rockefeller Capital Management L.P. trimmed its stake in Dollar General Corp. (NYSE:DG) by 18.6% in the second quarter, HoldingsChannel.com reports. The firm owned 1,514 shares of the company’s stock after selling 345 shares during the period. Rockefeller Capital Management L.P.’s holdings in Dollar General were worth $205,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Clean Yield Group bought a new position in shares of Dollar General during the 2nd quarter worth approximately $26,000. JNBA Financial Advisors raised its holdings in shares of Dollar General by 106.4% in the 2nd quarter. JNBA Financial Advisors now owns 194 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares during the period. Squar Milner Financial Services LLC raised its holdings in shares of Dollar General by 73.0% in the 2nd quarter. Squar Milner Financial Services LLC now owns 192 shares of the company’s stock worth $26,000 after purchasing an additional 81 shares during the period. Arcadia Investment Management Corp MI bought a new stake in shares of Dollar General in the 2nd quarter worth approximately $27,000. Finally, Penserra Capital Management LLC bought a new stake in shares of Dollar General in the 1st quarter worth approximately $39,000. Institutional investors and hedge funds own 92.91% of the company’s stock.
A number of equities research analysts recently commented on DG shares. Oppenheimer lifted their price target on shares of Dollar General from $150.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday. Wells Fargo & Co cut shares of Dollar General from an “outperform” rating to a “market perform” rating and set a $140.00 price target on the stock. in a report on Thursday, July 25th. Royal Bank of Canada lifted their price target on shares of Dollar General from $133.00 to $139.00 and gave the stock an “outperform” rating in a report on Friday, May 31st. KeyCorp set a $180.00 price target on shares of Dollar General and gave the stock a “buy” rating in a report on Friday, August 30th. Finally, Buckingham Research lifted their price objective on shares of Dollar General from $152.00 to $178.00 and gave the company a “buy” rating in a research note on Friday, August 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nineteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $159.29.
Dollar General (NYSE:DG) last posted its earnings results on Thursday, August 29th. The company reported $1.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.58 by $0.16. The company had revenue of $6.98 billion during the quarter, compared to analysts’ expectations of $6.89 billion. Dollar General had a net margin of 6.11% and a return on equity of 25.34%. Dollar General’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period last year, the company posted $1.52 earnings per share. Equities analysts expect that Dollar General Corp. will post 6.52 EPS for the current year.
The firm also recently disclosed a — dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Monday, October 7th. This represents a dividend yield of 0.8%. Dollar General’s payout ratio is currently 21.44%.
Dollar General Profile
Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, Midwestern, and eastern United States. The company offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food comprising cereals, canned soups and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.
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