ProShare Advisors LLC Sells 1,013 Shares of Dollar General Corporation (DG)
ProShare Advisors LLC reduced its stake in Dollar General Corporation (NYSE:DG) by 4.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,492 shares of the company’s stock after selling 1,013 shares during the period. ProShare Advisors LLC’s holdings in Dollar General Corporation were worth $1,477,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Profund Advisors LLC lifted its stake in Dollar General Corporation by 26.0% during the second quarter. Profund Advisors LLC now owns 9,203 shares of the company’s stock worth $663,000 after purchasing an additional 1,901 shares during the last quarter. Stevens Capital Management LP lifted its stake in Dollar General Corporation by 246.9% during the second quarter. Stevens Capital Management LP now owns 32,119 shares of the company’s stock worth $2,315,000 after purchasing an additional 22,861 shares during the last quarter. BT Investment Management Ltd bought a new stake in Dollar General Corporation during the second quarter worth $86,708,000. Amalgamated Bank lifted its stake in Dollar General Corporation by 48.1% during the second quarter. Amalgamated Bank now owns 31,187 shares of the company’s stock worth $2,248,000 after purchasing an additional 10,124 shares during the last quarter. Finally, Bahl & Gaynor Inc. bought a new stake in Dollar General Corporation during the second quarter worth $10,439,000. Institutional investors and hedge funds own 90.51% of the company’s stock.
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In other Dollar General Corporation news, EVP Robert D. Ravener sold 11,257 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $77.00, for a total value of $866,789.00. Following the sale, the executive vice president now owns 22,598 shares in the company, valued at $1,740,046. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.22% of the stock is currently owned by corporate insiders.
Several research analysts have recently issued reports on the stock. BMO Capital Markets reiterated a “hold” rating on shares of Dollar General Corporation in a report on Wednesday. Deutsche Bank AG reiterated a “hold” rating and set a $79.00 price target (up from $78.00) on shares of Dollar General Corporation in a report on Saturday, June 3rd. Morgan Stanley reiterated an “overweight” rating and set a $85.00 price target on shares of Dollar General Corporation in a report on Tuesday, June 6th. Barclays PLC reiterated a “hold” rating and set a $76.00 price target on shares of Dollar General Corporation in a report on Friday, June 2nd. Finally, Zacks Investment Research upgraded shares of Dollar General Corporation from a “sell” rating to a “hold” rating and set a $88.00 price target for the company in a report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have issued a buy rating to the company. Dollar General Corporation presently has an average rating of “Hold” and a consensus price target of $80.59.
Dollar General Corporation (NYSE DG) opened at 79.93 on Thursday. The company has a market cap of $21.84 billion, a PE ratio of 18.11 and a beta of 0.94. Dollar General Corporation has a 12 month low of $65.97 and a 12 month high of $80.67. The company has a 50-day moving average of $75.77 and a 200 day moving average of $72.84.
Dollar General Corporation (NYSE:DG) last announced its quarterly earnings data on Thursday, August 31st. The company reported $1.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.01. The business had revenue of $5.83 billion for the quarter, compared to analysts’ expectations of $5.80 billion. Dollar General Corporation had a net margin of 5.38% and a return on equity of 22.67%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.08 earnings per share. On average, equities analysts forecast that Dollar General Corporation will post $4.51 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 24th. Shareholders of record on Tuesday, October 10th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Friday, October 6th. Dollar General Corporation’s dividend payout ratio (DPR) is presently 23.48%.
About Dollar General Corporation
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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