BB&T Corp cut its stake in Dollar General Corporation (NYSE:DG) by 12.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 43,940 shares of the company’s stock after selling 6,404 shares during the period. BB&T Corp’s holdings in Dollar General Corporation were worth $3,167,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Aldebaran Financial Inc. increased its position in Dollar General Corporation by 1.1% in the fourth quarter. Aldebaran Financial Inc. now owns 19,140 shares of the company’s stock worth $1,418,000 after buying an additional 214 shares during the period. Hendley & Co. Inc. increased its position in Dollar General Corporation by 0.5% in the fourth quarter. Hendley & Co. Inc. now owns 25,415 shares of the company’s stock worth $1,882,000 after buying an additional 115 shares during the period. Kentucky Retirement Systems acquired a new position in Dollar General Corporation during the fourth quarter worth approximately $1,366,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Dollar General Corporation during the fourth quarter worth approximately $610,000. Finally, TrueNorth Inc. acquired a new position in Dollar General Corporation during the fourth quarter worth approximately $2,774,000. 88.66% of the stock is currently owned by institutional investors.
Dollar General Corporation (NYSE:DG) traded down 0.12% during midday trading on Friday, hitting $75.49. 1,747,851 shares of the stock were exchanged. The stock has a market cap of $20.70 billion, a P/E ratio of 17.07 and a beta of 0.93. Dollar General Corporation has a one year low of $65.97 and a one year high of $92.65. The firm has a 50-day moving average price of $72.64 and a 200-day moving average price of $72.65.
Dollar General Corporation (NYSE:DG) last issued its earnings results on Thursday, June 1st. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate 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 prior year, the firm posted $1.03 EPS. The business’s revenue 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 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, July 25th. Shareholders of record on Tuesday, July 11th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.38%. The ex-dividend date was Friday, July 7th. Dollar General Corporation’s payout ratio is currently 23.48%.
DG has been the topic of a number of analyst reports. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $88.00 price objective on shares of Dollar General Corporation in a research report on Wednesday, May 17th. Buckingham Research reaffirmed a “neutral” rating and issued a $75.00 price objective on shares of Dollar General Corporation in a research report on Tuesday, April 18th. Zacks Investment Research raised shares of Dollar General Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, May 24th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $79.00 price objective (up previously from $78.00) on shares of Dollar General Corporation in a research report on Saturday, June 3rd. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $68.00 target price on shares of Dollar General Corporation in a research note on Wednesday, April 19th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price 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.
Receive News & Ratings for Dollar General Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar General Corporation and related companies with MarketBeat.com's FREE daily email newsletter.