Adams Diversified Equity Fund Inc. continued to hold its stake in Dollar General Corporation (NYSE:DG) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 149,637 shares of the company’s stock at the end of the second quarter. Adams Diversified Equity Fund Inc. owned about 0.05% of Dollar General Corporation worth $10,787,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in the company. BlackRock Inc. increased its stake 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 in the last quarter. Vanguard Group Inc. increased its stake in 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 in the last quarter. Bank of New York Mellon Corp increased its stake in 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 in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in 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 in the last quarter. Finally, FMR LLC increased its stake in Dollar General Corporation by 3.9% in the first quarter. FMR LLC now owns 4,569,613 shares of the company’s stock valued at $318,639,000 after buying an additional 170,656 shares in the last quarter. Institutional investors own 88.66% of the company’s stock.
Dollar General Corporation (NYSE DG) traded down 0.12% during trading on Friday, hitting $75.49. 1,747,851 shares of the stock traded hands. Dollar General Corporation has a 52 week low of $65.97 and a 52 week high of $92.65. The firm’s 50-day moving average is $72.64 and its 200 day moving average is $72.65. 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 (NYSE:DG) last announced its quarterly earnings data on Thursday, June 1st. The company reported $1.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.03. The firm had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.59 billion. Dollar General Corporation had a return on equity of 23.07% and a net margin of 5.53%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.03 EPS. Equities research analysts forecast that Dollar General Corporation will post $4.50 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 25th. Shareholders of record on Tuesday, July 11th were issued a dividend of $0.26 per share. The ex-dividend date was Friday, July 7th. This represents a $1.04 annualized dividend and a yield of 1.38%. Dollar General Corporation’s dividend payout ratio is currently 23.48%.
Several brokerages have recently weighed in on DG. Deutsche Bank AG restated a “hold” rating and issued a $79.00 target price (up from $78.00) on shares of Dollar General Corporation in a research note on Saturday, June 3rd. Jefferies Group LLC restated a “hold” rating and issued a $68.00 target price on shares of Dollar General Corporation in a research note on Wednesday, July 19th. Royal Bank Of Canada upped their target price on shares of Dollar General Corporation from $81.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, June 2nd. Zacks Investment Research upgraded shares of Dollar General Corporation from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research note on Friday, June 9th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $88.00 price target on shares of Dollar General Corporation in a report on Wednesday, May 17th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eleven have assigned a buy rating to the stock. The company currently 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.
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