CIBC Asset Management Inc Has $2 Million Position in Dollar General Corporation (NYSE:DG)

CIBC Asset Management Inc increased its stake in shares of Dollar General Corporation (NYSE:DG) by 0.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 27,787 shares of the company’s stock after buying an additional 37 shares during the period. CIBC Asset Management Inc’s holdings in Dollar General Corporation were worth $2,003,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in Dollar General Corporation by 4,173.7% in the first quarter. BlackRock Inc. now owns 22,144,062 shares of the company’s stock valued at $1,544,106,000 after buying an additional 21,625,909 shares during the period. Vanguard Group Inc. boosted its position in shares of Dollar General Corporation by 2.5% in the first quarter. Vanguard Group Inc. now owns 17,300,011 shares of the company’s stock valued at $1,206,329,000 after buying an additional 430,091 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Dollar General Corporation by 20.5% in the first quarter. Bank of New York Mellon Corp now owns 8,215,436 shares of the company’s stock valued at $572,863,000 after buying an additional 1,398,043 shares during the last quarter. Longview Partners Guernsey LTD purchased a new position in shares of Dollar General Corporation during the second quarter valued at approximately $577,548,000. Finally, Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Dollar General Corporation by 281.5% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,740,089 shares of the company’s stock valued at $330,886,000 after buying an additional 3,497,733 shares during the last quarter. 88.99% of the stock is currently owned by hedge funds and other institutional investors.

Dollar General Corporation (NYSE:DG) traded down 0.61% on Friday, hitting $73.82. The company had a trading volume of 2,282,805 shares. The firm has a 50-day moving average price of $73.20 and a 200-day moving average price of $72.75. The firm has a market capitalization of $20.24 billion, a PE ratio of 16.69 and a beta of 0.93. Dollar General Corporation has a 12-month low of $65.97 and a 12-month high of $92.01.

Dollar General Corporation (NYSE:DG) last released its quarterly earnings data on Thursday, June 1st. The company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.03. Dollar General Corporation had a return on equity of 23.07% and a net margin of 5.53%. The company had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.59 billion. During the same period in the previous year, the company posted $1.03 EPS. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities research analysts anticipate that Dollar General Corporation will post $4.50 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 25th. Investors of record on Tuesday, July 11th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, July 7th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.41%. Dollar General Corporation’s payout ratio is 23.48%.

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Several brokerages have commented on DG. Buckingham Research reiterated a “neutral” rating and issued a $75.00 target price on shares of Dollar General Corporation in a report on Monday, August 7th. BidaskClub raised shares of Dollar General Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Jefferies Group LLC reissued a “hold” rating and issued a $68.00 price target on shares of Dollar General Corporation in a research report on Wednesday, July 19th. Deutsche Bank AG reaffirmed a “hold” rating and set a $78.00 price objective on shares of Dollar General Corporation in a research report on Tuesday, July 4th. Finally, Zacks Investment Research raised shares of Dollar General Corporation from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a research report on Wednesday, June 21st. Two investment 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’s stock. Dollar General Corporation presently has an average rating of “Hold” and a consensus 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.

Institutional Ownership by Quarter for Dollar General Corporation (NYSE:DG)

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