Dollar General Corporation (DG) Shares Sold by Buckingham Capital Management Inc.
Buckingham Capital Management Inc. reduced its position in Dollar General Corporation (NYSE:DG) by 8.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,062 shares of the company’s stock after selling 3,033 shares during the period. Buckingham Capital Management Inc.’s holdings in Dollar General Corporation were worth $2,680,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of DG. Gateway Investment Advisers LLC increased its stake in Dollar General Corporation by 0.3% during the second quarter. Gateway Investment Advisers LLC now owns 15,636 shares of the company’s stock worth $1,127,000 after acquiring an additional 53 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in Dollar General Corporation by 4.9% during the second quarter. Oregon Public Employees Retirement Fund now owns 64,768 shares of the company’s stock worth $4,669,000 after acquiring an additional 3,000 shares during the last quarter. LS Investment Advisors LLC increased its stake in Dollar General Corporation by 4.4% during the second quarter. LS Investment Advisors LLC now owns 8,054 shares of the company’s stock worth $581,000 after acquiring an additional 340 shares during the last quarter. Alpha Windward LLC increased its stake in Dollar General Corporation by 3.0% during the second quarter. Alpha Windward LLC now owns 1,900 shares of the company’s stock worth $137,000 after acquiring an additional 56 shares during the last quarter. Finally, Diversified Trust Co bought a new stake in Dollar General Corporation during the second quarter worth approximately $261,000. Institutional investors own 89.31% of the company’s stock.
Several brokerages have weighed in on DG. Deutsche Bank AG raised Dollar General Corporation from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $79.00 to $93.00 in a research note on Wednesday. Zacks Investment Research raised Dollar General Corporation from a “hold” rating to a “buy” rating and set a $94.00 price objective on the stock in a research note on Tuesday. The Goldman Sachs Group, Inc. reissued a “neutral” rating and set a $89.00 price objective on shares of Dollar General Corporation in a research note on Tuesday. KeyCorp reissued a “hold” rating on shares of Dollar General Corporation in a research note on Friday, November 10th. Finally, Wells Fargo & Company began coverage on Dollar General Corporation in a research note on Friday, November 3rd. They set an “underperform” rating and a $72.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $80.98.
Dollar General Corporation (NYSE:DG) last posted its earnings results on Thursday, August 31st. The company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.01. The company had revenue of $5.83 billion during the quarter, compared to analyst estimates of $5.80 billion. Dollar General Corporation had a return on equity of 22.67% and a net margin of 5.38%. Dollar General Corporation’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.08 earnings per share. research analysts anticipate that Dollar General Corporation will post 4.5 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 24th. Shareholders of record on Tuesday, October 10th were issued a dividend of $0.26 per share. The ex-dividend date was Friday, October 6th. This represents a $1.04 dividend on an annualized basis and a yield of 1.22%. Dollar General Corporation’s dividend payout ratio is currently 23.53%.
In other news, EVP Robert D. Ravener sold 11,257 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $77.00, for a total transaction of $866,789.00. Following the completion of the sale, the executive vice president now owns 22,598 shares in the company, valued at approximately $1,740,046. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.22% of the stock is owned by corporate insiders.
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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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