Montag & Caldwell LLC Sells 300,175 Shares of Dollar General Corp. (DG)
Montag & Caldwell LLC cut its position in shares of Dollar General Corp. (NYSE:DG) by 19.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,270,858 shares of the company’s stock after selling 300,175 shares during the period. Dollar General Corp. comprises approximately 2.4% of Montag & Caldwell LLC’s investment portfolio, making the stock its 17th largest position. Montag & Caldwell LLC owned about 0.45% of Dollar General Corp. worth $119,461,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in DG. Orbis Allan Gray Ltd acquired a new position in shares of Dollar General Corp. during the first quarter worth $195,087,000. American Century Companies Inc. increased its position in shares of Dollar General Corp. by 3,651.0% in the second quarter. American Century Companies Inc. now owns 507,129 shares of the company’s stock worth $47,670,000 after buying an additional 493,609 shares during the period. Jericho Capital Asset Management L.P. acquired a new position in shares of Dollar General Corp. during the first quarter worth $42,201,000. NN Investment Partners Holdings N.V. acquired a new position in shares of Dollar General Corp. during the first quarter worth $34,541,000. Finally, Renaissance Technologies LLC acquired a new position in shares of Dollar General Corp. during the first quarter worth $33,144,000. 85.44% of the stock is currently owned by institutional investors and hedge funds.
Dollar General Corp. (NYSE:DG) traded down 2.25% during mid-day trading on Tuesday, reaching $68.13. The company had a trading volume of 4,247,673 shares. The firm has a 50-day moving average price of $76.56 and a 200 day moving average price of $85.33. The firm has a market capitalization of $19.20 billion, a price-to-earnings ratio of 15.93 and a beta of 0.74. Dollar General Corp. has a 12-month low of $59.75 and a 12-month high of $96.88.
Dollar General Corp. (NYSE:DG) last released its quarterly earnings data on Thursday, August 25th. The company reported $1.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by $0.01. The business earned $5.39 billion during the quarter, compared to the consensus estimate of $5.50 billion. Dollar General Corp. had a return on equity of 22.95% and a net margin of 5.86%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the business posted $0.95 earnings per share. Analysts expect that Dollar General Corp. will post $4.50 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 28th. Investors of record on Wednesday, September 14th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Monday, September 12th. Dollar General Corp.’s dividend payout ratio (DPR) is presently 23.42%.
A number of equities research analysts have recently issued reports on DG shares. MKM Partners restated a “buy” rating and set a $97.00 price objective on shares of Dollar General Corp. in a report on Thursday, August 25th. Royal Bank Of Canada boosted their price objective on Dollar General Corp. from $90.00 to $103.00 and gave the stock an “outperform” rating in a report on Friday, August 26th. Morgan Stanley restated a “buy” rating and set a $97.00 price objective on shares of Dollar General Corp. in a report on Sunday, August 28th. Zacks Investment Research cut Dollar General Corp. from a “hold” rating to a “sell” rating in a report on Monday, August 29th. Finally, Macquarie restated an “outperform” rating and set a $92.00 price objective on shares of Dollar General Corp. in a report on Wednesday, September 14th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $90.13.
In other news, Director William C. Rhodes III purchased 5,000 shares of the business’s stock in a transaction on Friday, August 26th. The stock was purchased at an average cost of $76.30 per share, with a total value of $381,500.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael M. Calbert purchased 13,000 shares of the business’s stock in a transaction on Tuesday, August 30th. The stock was purchased at an average cost of $75.53 per share, with a total value of $981,890.00. The disclosure for this purchase can be found here. 0.22% of the stock is currently owned by corporate insiders.
Dollar General Corp. Company Profile
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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