Tredje AP fonden lowered its stake in Dollar General Corp. (NYSE:DG) by 21.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,112 shares of the company’s stock after selling 6,140 shares during the quarter. Tredje AP fonden’s holdings in Dollar General were worth $1,792,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of DG. Longview Partners Guernsey LTD raised its stake in Dollar General by 41.3% during the 3rd quarter. Longview Partners Guernsey LTD now owns 11,321,660 shares of the company’s stock worth $917,621,000 after buying an additional 3,310,168 shares during the period. Ameriprise Financial Inc. raised its stake in Dollar General by 115.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,573,530 shares of the company’s stock worth $257,611,000 after buying an additional 1,914,303 shares during the period. Janus Henderson Group PLC raised its stake in Dollar General by 1,959.3% during the 2nd quarter. Janus Henderson Group PLC now owns 1,705,909 shares of the company’s stock worth $122,980,000 after buying an additional 1,623,070 shares during the period. Parametric Portfolio Associates LLC raised its stake in Dollar General by 363.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,968,047 shares of the company’s stock worth $141,877,000 after buying an additional 1,543,619 shares during the period. Finally, FMR LLC raised its stake in Dollar General by 29.4% during the 2nd quarter. FMR LLC now owns 5,915,175 shares of the company’s stock worth $426,424,000 after buying an additional 1,345,562 shares during the period. 89.90% of the stock is currently owned by institutional investors.
In other news, EVP Robert D. Ravener sold 11,257 shares of Dollar General stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $77.00, for a total value of $866,789.00. Following the completion of the sale, the executive vice president now directly owns 22,598 shares in the company, valued at $1,740,046. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.22% of the company’s stock.
A number of research firms have issued reports on DG. Moffett Nathanson began coverage on Dollar General in a report on Monday. They set a “neutral” rating for the company. Raymond James Financial reiterated a “buy” rating on shares of Dollar General in a report on Sunday. UBS reiterated a “buy” rating and set a $99.00 target price (up previously from $85.00) on shares of Dollar General in a report on Monday. MKM Partners increased their target price on Dollar General to $96.00 and gave the stock a “buy” rating in a report on Monday, November 20th. Finally, Deutsche Bank upgraded Dollar General from a “hold” rating to a “buy” rating and increased their target price for the stock from $79.00 to $93.00 in a report on Wednesday, November 15th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $82.93.
Shares of Dollar General Corp. (NYSE DG) traded up $0.48 during mid-day trading on Thursday, reaching $90.85. 3,743,000 shares of the company’s stock traded hands, compared to its average volume of 2,845,262. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 0.18. The firm has a market capitalization of $24,694.42, a P/E ratio of 20.04, a PEG ratio of 1.78 and a beta of 0.96. Dollar General Corp. has a 1 year low of $65.97 and a 1 year high of $92.11.
Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, December 7th. The company reported $0.93 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.01). The company had revenue of $5.90 billion for the quarter, compared to analyst estimates of $5.80 billion. Dollar General had a return on equity of 22.67% and a net margin of 5.38%. The company’s revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the business earned $0.89 earnings per share. research analysts forecast that Dollar General Corp. will post 4.5 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 9th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.14%. Dollar General’s dividend payout ratio (DPR) is presently 23.48%.
About Dollar General
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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