First Mercantile Trust Co. purchased a new position in Dun & Bradstreet Corporation (The) (NYSE:DNB) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,130 shares of the business services provider’s stock, valued at approximately $230,000.
A number of other hedge funds also recently modified their holdings of DNB. Creative Planning raised its stake in Dun & Bradstreet Corporation (The) by 2.0% in the second quarter. Creative Planning now owns 1,257 shares of the business services provider’s stock worth $136,000 after buying an additional 25 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in Dun & Bradstreet Corporation (The) by 66.7% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,500 shares of the business services provider’s stock worth $162,000 after buying an additional 600 shares during the last quarter. Capstone Asset Management Co. raised its stake in Dun & Bradstreet Corporation (The) by 5.0% in the first quarter. Capstone Asset Management Co. now owns 2,329 shares of the business services provider’s stock worth $251,000 after buying an additional 110 shares during the last quarter. Norinchukin Bank The raised its stake in Dun & Bradstreet Corporation (The) by 7.3% in the first quarter. Norinchukin Bank The now owns 2,393 shares of the business services provider’s stock worth $258,000 after buying an additional 162 shares during the last quarter. Finally, Heartland Advisors Inc. raised its stake in Dun & Bradstreet Corporation (The) by 2.5% in the first quarter. Heartland Advisors Inc. now owns 2,665 shares of the business services provider’s stock worth $288,000 after buying an additional 65 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.
Shares of Dun & Bradstreet Corporation (NYSE:DNB) opened at 110.06 on Monday. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of 37.47 and a beta of 1.22. Dun & Bradstreet Corporation has a 1-year low of $100.46 and a 1-year high of $139.86. The firm has a 50-day moving average price of $110.44 and a 200-day moving average price of $108.52.
Dun & Bradstreet Corporation (The) (NYSE:DNB) last announced its quarterly earnings results on Wednesday, August 2nd. The business services provider reported $1.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.24. Dun & Bradstreet Corporation (The) had a negative return on equity of 26.85% and a net margin of 6.36%. The business had revenue of $408.40 million for the quarter, compared to analyst estimates of $410.90 million. During the same quarter in the prior year, the company posted $1.37 EPS. The company’s quarterly revenue was up 2.3% on a year-over-year basis. Equities analysts forecast that Dun & Bradstreet Corporation will post $7.04 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Wednesday, August 23rd will be paid a $0.5025 dividend. This represents a $2.01 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Monday, August 21st. Dun & Bradstreet Corporation (The)’s dividend payout ratio (DPR) is presently 68.37%.
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A number of research firms have weighed in on DNB. Zacks Investment Research upgraded Dun & Bradstreet Corporation (The) from a “hold” rating to a “buy” rating and set a $127.00 target price on the stock in a research note on Monday, August 7th. BidaskClub upgraded Dun & Bradstreet Corporation (The) from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $117.33.
About Dun & Bradstreet Corporation (The)
The Dun & Bradstreet Corporation is the source of commercial data, analytics and insight on businesses. The Company operates through two segments: Americas, which consists of its operations in the United States and Canada, and Non-Americas, which consists of its operations in the United Kingdom, Greater China, India, and its European and Asia Pacific Worldwide Networks.
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