Pennsylvania Trust Co Boosts Stake in Dollar General Corp. (DG)
Pennsylvania Trust Co grew its stake in shares of Dollar General Corp. (NYSE:DG) by 18.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 71,802 shares of the company’s stock after buying an additional 11,315 shares during the quarter. Pennsylvania Trust Co’s holdings in Dollar General were worth $6,678,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Dollar General by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 17,615,600 shares of the company’s stock valued at $1,269,909,000 after buying an additional 315,589 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Dollar General by 168.0% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,218,589 shares of the company’s stock valued at $1,314,516,000 after buying an additional 10,167,321 shares in the last quarter. Longview Partners Guernsey LTD raised its position in shares of Dollar General by 41.3% during the 3rd quarter. Longview Partners Guernsey LTD now owns 11,321,660 shares of the company’s stock valued at $917,621,000 after buying an additional 3,310,168 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Dollar General by 2.3% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,888,589 shares of the company’s stock valued at $642,060,000 after buying an additional 178,400 shares in the last quarter. Finally, Capital International Investors raised its position in shares of Dollar General by 14.0% during the 3rd quarter. Capital International Investors now owns 6,428,000 shares of the company’s stock valued at $520,989,000 after buying an additional 791,600 shares in the last quarter. Hedge funds and other institutional investors own 90.37% of the company’s stock.
DG has been the topic of several research reports. BMO Capital Markets set a $102.00 price objective on shares of Dollar General and gave the company a “hold” rating in a research report on Friday, December 8th. Raymond James Financial set a $107.00 price objective on shares of Dollar General and gave the company a “buy” rating in a research report on Saturday, December 9th. Royal Bank of Canada restated a “buy” rating and set a $85.00 price objective on shares of Dollar General in a research report on Tuesday, October 10th. Zacks Investment Research cut shares of Dollar General from a “buy” rating to a “hold” rating in a research report on Monday, December 11th. Finally, Deutsche Bank raised their price objective on shares of Dollar General to $97.00 and gave the company a “buy” rating in a research report on Thursday, December 7th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $87.50.
Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, December 7th. The company reported $0.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.01). The firm had revenue of $5.90 billion during the quarter, compared to the consensus estimate of $5.80 billion. Dollar General had a return on equity of 22.58% and a net margin of 5.31%. Dollar General’s revenue was up 11.0% on a year-over-year basis. During the same period last year, the business earned $0.89 EPS. analysts forecast that Dollar General Corp. will post 4.48 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 9th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Monday, January 8th. Dollar General’s dividend payout ratio (DPR) is presently 23.01%.
In other Dollar General news, SVP Anita C. Elliott sold 2,012 shares of the firm’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $92.82, for a total value of $186,753.84. Following the sale, the senior vice president now owns 14,969 shares of the company’s stock, valued at approximately $1,389,422.58. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Michael J. Kindy sold 7,536 shares of Dollar General stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $90.64, for a total transaction of $683,063.04. Following the sale, the senior vice president now directly owns 7,578 shares in the company, valued at approximately $686,869.92. The disclosure for this sale can be found here. In the last three months, insiders sold 20,916 shares of company stock worth $1,924,881. Insiders own 0.32% of the company’s stock.
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Dollar General 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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