Dollar General Corporation (DG) Shares Sold by Trust Investment Advisors
Trust Investment Advisors trimmed its position in Dollar General Corporation (NYSE:DG) by 8.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,625 shares of the company’s stock after selling 1,250 shares during the period. Trust Investment Advisors’ holdings in Dollar General Corporation were worth $1,104,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the stock. Sun Life Financial INC lifted its stake in Dollar General Corporation by 18,170.0% in the 2nd quarter. Sun Life Financial INC now owns 1,827 shares of the company’s stock worth $132,000 after purchasing an additional 1,817 shares in the last quarter. Alpha Windward LLC lifted its stake in Dollar General Corporation by 3.0% in the 2nd quarter. Alpha Windward LLC now owns 1,900 shares of the company’s stock worth $137,000 after purchasing an additional 56 shares in the last quarter. Huntington National Bank lifted its stake in Dollar General Corporation by 4.0% in the 2nd quarter. Huntington National Bank now owns 1,965 shares of the company’s stock worth $142,000 after purchasing an additional 75 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Dollar General Corporation by 2.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,034 shares of the company’s stock worth $146,000 after purchasing an additional 48 shares in the last quarter. Finally, Harbour Capital Advisors LLC lifted its stake in Dollar General Corporation by 7,109.3% in the 2nd quarter. Harbour Capital Advisors LLC now owns 10,814 shares of the company’s stock worth $150,000 after purchasing an additional 10,664 shares in the last quarter. Institutional investors own 89.31% of the company’s stock.
In other Dollar General Corporation 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 value of $866,789.00. Following the completion of the transaction, the executive vice president now owns 22,598 shares in the company, valued at $1,740,046. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.32% of the company’s stock.
Dollar General Corporation (NYSE:DG) traded down $0.33 during trading hours on Tuesday, hitting $83.22. 826,446 shares of the company’s stock traded hands, compared to its average volume of 2,841,963. The firm has a market capitalization of $22,830.00, a P/E ratio of 18.66, a price-to-earnings-growth ratio of 1.74 and a beta of 0.93. The company has a current ratio of 1.42, a quick ratio of 0.18 and a debt-to-equity ratio of 0.47. Dollar General Corporation has a fifty-two week low of $65.97 and a fifty-two week high of $85.09.
Dollar General Corporation (NYSE:DG) last posted its quarterly earnings results on Thursday, August 31st. The company reported $1.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.01. The business had revenue of $5.83 billion during the quarter, compared to the consensus estimate of $5.80 billion. Dollar General Corporation had a net margin of 5.38% and a return on equity of 22.67%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.08 earnings per share. research analysts expect that Dollar General Corporation will post 4.5 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 24th. Shareholders of record on Tuesday, October 10th were paid a $0.26 dividend. The ex-dividend date was Friday, October 6th. This represents a $1.04 annualized dividend and a dividend yield of 1.25%. Dollar General Corporation’s dividend payout ratio (DPR) is 23.53%.
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DG has been the topic of a number of research reports. BMO Capital Markets reissued a “hold” rating on shares of Dollar General Corporation in a research note on Wednesday, September 27th. BidaskClub raised shares of Dollar General Corporation from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. Jefferies Group LLC reaffirmed a “hold” rating and set a $68.00 price target on shares of Dollar General Corporation in a research report on Wednesday, July 19th. Deutsche Bank AG reaffirmed a “hold” rating and set a $79.00 price target on shares of Dollar General Corporation in a research report on Friday, September 1st. Finally, Zacks Investment Research lowered shares of Dollar General Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $80.37.
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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