Today, CIBC World Markets Inc. cuts position of Dollar General Corp. (DG)

Today, CIBC World Markets Inc. cuts position of Dollar General Corp. (DG)
CIBC World Markets Inc. lowered its position in shares of Dollar General Corp. (NYSE:DG) by 50.4% during the third quarter, Holdings Channel reports. The firm owned 44,930 shares of the company’s stock after selling 45,589 shares during the period. CIBC World Markets Inc.’s holdings in Dollar General Corp. were worth $3,145,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. FMR LLC raised its position in shares of Dollar General Corp. by 22.1% in the second quarter. FMR LLC now owns 5,363,791 shares of the company’s stock worth $504,197,000 after buying an additional 971,187 shares in the last quarter. Emerald Acquisition Ltd. bought a new position in shares of Dollar General Corp. during the second quarter worth approximately $62,928,000. AXA raised its position in shares of Dollar General Corp. by 482.2% in the second quarter. AXA now owns 797,600 shares of the company’s stock worth $74,975,000 after buying an additional 660,600 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Dollar General Corp. by 2,084.2% in the second quarter. PNC Financial Services Group Inc. now owns 656,779 shares of the company’s stock worth $61,737,000 after buying an additional 626,709 shares in the last quarter. Finally, Royal Bank of Canada raised its position in shares of Dollar General Corp. by 111.9% in the second quarter. Royal Bank of Canada now owns 1,152,838 shares of the company’s stock worth $108,369,000 after buying an additional 608,754 shares in the last quarter. Institutional investors own 81.55% of the company’s stock.

Shares of Dollar General Corp. (NYSE:DG) traded up 0.44% on Friday, hitting $80.06. 1,408,662 shares of the stock were exchanged. The stock’s 50-day moving average is $71.06 and its 200-day moving average is $81.95. The stock has a market cap of $22.56 billion, a price-to-earnings ratio of 18.72 and a beta of 0.80. Dollar General Corp. has a 1-year low of $64.10 and a 1-year high of $96.88.

DG has been the subject of a number of research analyst reports. Johnson Rice lowered shares of Dollar General Corp. from a “buy” rating to an “accumulate” rating in a research report on Friday, August 26th. MKM Partners reaffirmed a “buy” rating and set a $97.00 price objective on shares of Dollar General Corp. in a research report on Thursday, August 25th. Morgan Stanley reaffirmed a “buy” rating and set a $97.00 price objective on shares of Dollar General Corp. in a research report on Sunday, August 28th. Citigroup Inc. upped their price objective on shares of Dollar General Corp. from $89.00 to $107.00 and gave the company a “buy” rating in a research report on Wednesday, August 31st. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $77.00 price objective (down previously from $84.00) on shares of Dollar General Corp. in a research report on Wednesday, October 12th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. Dollar General Corp. has a consensus rating of “Buy” and a consensus price target of $89.36.

In related news, Director Michael M. Calbert bought 13,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 30th. The shares were acquired at an average cost of $75.53 per share, with a total value of $981,890.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.22% of the company’s stock.

Dollar General Corp. 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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