Strs Ohio trimmed its holdings in shares of Dollar General Corporation (NYSE:DG – Free Report) by 1.2% in the first quarter, Holdings Channel reports. The firm owned 518,954 shares of the company’s stock after selling 6,508 shares during the period. Strs Ohio’s holdings in Dollar General were worth $61,615,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Dollar General by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 27,309,045 shares of the company’s stock worth $3,625,822,000 after buying an additional 412,542 shares during the period. State Street Corp raised its stake in shares of Dollar General by 0.5% in the 4th quarter. State Street Corp now owns 11,017,002 shares of the company’s stock valued at $1,462,727,000 after acquiring an additional 53,624 shares during the period. Morgan Stanley lifted its holdings in shares of Dollar General by 35.0% in the 4th quarter. Morgan Stanley now owns 6,270,333 shares of the company’s stock worth $832,513,000 after acquiring an additional 1,624,748 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Dollar General by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 5,707,809 shares of the company’s stock worth $754,857,000 after acquiring an additional 42,936 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Dollar General by 47.9% during the 4th quarter. AQR Capital Management LLC now owns 3,734,500 shares of the company’s stock worth $495,830,000 after purchasing an additional 1,208,892 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.
Dollar General Stock Performance
Shares of DG stock opened at $118.19 on Friday. The firm has a 50 day moving average of $111.36 and a two-hundred day moving average of $128.76. The stock has a market capitalization of $26.07 billion, a PE ratio of 16.72, a P/E/G ratio of 1.75 and a beta of 0.25. The company has a quick ratio of 0.25, a current ratio of 1.17 and a debt-to-equity ratio of 0.52. Dollar General Corporation has a 52 week low of $95.11 and a 52 week high of $158.23.
Dollar General Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 7th will be issued a dividend of $0.59 per share. The ex-dividend date is Tuesday, July 7th. This represents a $2.36 annualized dividend and a yield of 2.0%. Dollar General’s dividend payout ratio is 33.38%.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on DG. Freedom Capital lowered Dollar General from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 2nd. UBS Group reaffirmed a “buy” rating on shares of Dollar General in a research note on Wednesday, May 27th. Evercore cut their price objective on Dollar General from $145.00 to $140.00 in a report on Wednesday, June 3rd. Wall Street Zen lowered Dollar General from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Finally, Rothschild & Co Redburn lowered their target price on Dollar General from $111.00 to $90.00 and set a “sell” rating for the company in a report on Monday, May 18th. Ten investment analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Dollar General presently has an average rating of “Hold” and an average price target of $131.27.
Check Out Our Latest Research Report on Dollar General
Dollar General Company Profile
Dollar General Corporation is a U.S.-based variety and discount retailer operating a large network of small-format stores that serve primarily rural and suburban communities. The company is publicly traded on the New York Stock Exchange under the ticker DG and is headquartered in the Nashville/Goodlettsville, Tennessee area. Founded in 1939, Dollar General has grown from a regional operation into one of the nation’s prominent low-price retailers focused on convenience and value.
Dollar General’s stores offer a wide assortment of everyday consumables and household goods, including food and beverage items, cleaning supplies, health and beauty products, paper goods, apparel basics, seasonal merchandise and small household items.
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