FIL Ltd Has $108.82 Million Stake in Dollar General Corporation (DG)
FIL Ltd reduced its holdings in shares of Dollar General Corporation (NYSE:DG) by 44.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,509,453 shares of the company’s stock after selling 1,196,843 shares during the quarter. FIL Ltd owned approximately 0.55% of Dollar General Corporation worth $108,816,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in DG. BlackRock Inc. lifted its holdings in shares of Dollar General Corporation by 4,173.7% in the 1st quarter. BlackRock Inc. now owns 22,144,062 shares of the company’s stock valued at $1,544,106,000 after purchasing an additional 21,625,909 shares during the last quarter. Longview Partners Guernsey LTD purchased a new stake in Dollar General Corporation during the 2nd quarter valued at approximately $577,548,000. Caisse DE Depot ET Placement DU Quebec raised its stake in Dollar General Corporation by 281.5% during the 1st 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 acquiring an additional 3,497,733 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Dollar General Corporation by 115.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,573,530 shares of the company’s stock valued at $257,611,000 after acquiring an additional 1,914,303 shares during the last quarter. Finally, FMR LLC raised its stake in Dollar General Corporation by 29.4% during the 2nd quarter. FMR LLC now owns 5,915,175 shares of the company’s stock valued at $426,424,000 after acquiring an additional 1,345,562 shares during the last quarter. 90.51% of the stock is owned by institutional investors and hedge funds.
In other news, EVP Robert D. Ravener sold 11,257 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $77.00, for a total transaction of $866,789.00. Following the transaction, the executive vice president now directly owns 22,598 shares in the company, valued at approximately $1,740,046. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.22% of the company’s stock.
Several analysts have commented on DG shares. Gordon Haskett raised Dollar General Corporation from a “reduce” rating to an “accumulate” rating in a research note on Thursday, June 1st. Johnson Rice raised Dollar General Corporation from an “accumulate” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research raised Dollar General Corporation from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research note on Friday, June 9th. Bank of America Corporation reaffirmed a “buy” rating and set a $90.00 price objective on shares of Dollar General Corporation in a research note on Friday, August 25th. Finally, BidaskClub raised Dollar General Corporation from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the stock. Dollar General Corporation presently has an average rating of “Hold” and a consensus target price of $80.59.
Shares of Dollar General Corporation (DG) traded up 0.52% on Friday, hitting $77.17. The company had a trading volume of 234,818 shares. The company has a 50 day moving average of $75.77 and a 200-day moving average of $72.84. Dollar General Corporation has a 12-month low of $65.97 and a 12-month high of $80.67. The company has a market cap of $21.09 billion, a price-to-earnings ratio of 17.48 and a beta of 0.94.
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, topping the 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 firm had revenue of $5.83 billion for the quarter, compared to analysts’ expectations of $5.80 billion. During the same period in the previous year, the company posted $1.08 EPS. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, analysts forecast that Dollar General Corporation will post $4.51 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 24th. Stockholders of record on Tuesday, October 10th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Friday, October 6th. Dollar General Corporation’s dividend payout ratio is currently 23.48%.
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Dollar General Corporation 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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