Dollar General Corporation (DG) Stake Raised by Zurcher Kantonalbank Zurich Cantonalbank
Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Dollar General Corporation (NYSE:DG) by 15.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 79,882 shares of the company’s stock after buying an additional 10,436 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Dollar General Corporation were worth $5,759,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the company. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Dollar General Corporation by 13.1% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 66,889 shares of the company’s stock worth $4,822,000 after buying an additional 7,743 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in Dollar General Corporation by 8.1% in the second quarter. Robeco Institutional Asset Management B.V. now owns 6,297 shares of the company’s stock worth $454,000 after buying an additional 473 shares during the last quarter. Prudential Financial Inc. boosted its position in Dollar General Corporation by 27.3% in the second quarter. Prudential Financial Inc. now owns 453,353 shares of the company’s stock worth $32,682,000 after buying an additional 97,120 shares during the last quarter. Coho Partners Ltd. boosted its position in Dollar General Corporation by 26.7% in the second quarter. Coho Partners Ltd. now owns 2,409,089 shares of the company’s stock worth $173,671,000 after buying an additional 507,941 shares during the last quarter. Finally, Usca Ria LLC boosted its position in Dollar General Corporation by 75.6% in the second quarter. Usca Ria LLC now owns 51,203 shares of the company’s stock worth $3,691,000 after buying an additional 22,037 shares during the last quarter. 90.28% of the stock is owned by institutional investors and hedge funds.
Shares of Dollar General Corporation (NYSE:DG) opened at 72.54 on Friday. The stock has a market cap of $19.89 billion, a PE ratio of 16.40 and a beta of 0.94. The firm’s 50-day moving average is $74.57 and its 200 day moving average is $72.84. Dollar General Corporation has a 12 month low of $65.97 and a 12 month high of $80.67.
Dollar General Corporation (NYSE:DG) last posted its quarterly earnings data on Thursday, August 31st. The company reported $1.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.01. Dollar General Corporation had a net margin of 5.38% and a return on equity of 22.67%. The business had revenue of $5.83 billion for the quarter, compared to analysts’ expectations of $5.80 billion. During the same quarter in the previous year, the business posted $1.08 earnings per share. The business’s revenue was up 8.1% compared to the same quarter last year. On average, equities analysts predict that Dollar General Corporation will post $4.51 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 24th. Shareholders of record on Tuesday, October 10th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Friday, October 6th. Dollar General Corporation’s dividend payout ratio (DPR) is 23.48%.
DG has been the topic of a number of research analyst reports. Gordon Haskett upgraded shares of Dollar General Corporation from a “reduce” rating to an “accumulate” rating in a research note on Thursday, June 1st. Zacks Investment Research upgraded shares of Dollar General Corporation from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a research note on Friday, June 9th. Johnson Rice upgraded shares of Dollar General Corporation from an “accumulate” rating to a “buy” rating in a research note on Friday, June 2nd. Bank of America Corporation reiterated a “buy” rating and issued a $90.00 target price on shares of Dollar General Corporation in a research note on Friday, August 25th. Finally, BidaskClub upgraded shares of Dollar General Corporation from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have given a buy rating to the stock. Dollar General Corporation has an average rating of “Hold” and an average price target of $80.84.
Dollar General Corporation 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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