Dollar General Corp. (DG) Stake Lessened by First Mercantile Trust Co.
First Mercantile Trust Co. decreased its holdings in Dollar General Corp. (NYSE:DG) by 7.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 16,466 shares of the company’s stock after selling 1,341 shares during the period. First Mercantile Trust Co.’s holdings in Dollar General were worth $1,532,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of DG. Cerebellum GP LLC bought a new stake in Dollar General during the 4th quarter worth $130,000. Calton & Associates Inc. bought a new stake in Dollar General during the 4th quarter worth $144,000. Meeder Asset Management Inc. grew its position in Dollar General by 22,950.0% during the 3rd quarter. Meeder Asset Management Inc. now owns 2,305 shares of the company’s stock worth $187,000 after acquiring an additional 2,295 shares during the last quarter. Fieldpoint Private Securities LLC bought a new stake in Dollar General during the 3rd quarter worth $195,000. Finally, Benjamin F. Edwards & Company Inc. grew its position in Dollar General by 104.9% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,153 shares of the company’s stock worth $200,000 after acquiring an additional 1,102 shares during the last quarter. Institutional investors own 90.29% of the company’s stock.
DG has been the topic of a number of research reports. BMO Capital Markets set a $102.00 price objective on Dollar General and gave the stock a “hold” rating in a research report on Friday, December 8th. Raymond James Financial set a $107.00 price objective on Dollar General and gave the stock 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 lowered Dollar General from a “buy” rating to a “hold” rating in a research report on Monday, December 11th. Finally, Deutsche Bank upped their price target on Dollar General to $97.00 and gave the company a “buy” rating in a research report on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $91.98.
Dollar General (NYSE:DG) last announced its quarterly earnings data 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 business had revenue of $5.90 billion during the quarter, compared to analyst estimates of $5.80 billion. Dollar General had a net margin of 5.31% and a return on equity of 22.58%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.89 earnings per share. sell-side analysts predict that Dollar General Corp. will post 4.5 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 9th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend was Monday, January 8th. Dollar General’s dividend payout ratio is 23.01%.
In other news, SVP Michael J. Kindy sold 7,536 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $90.64, for a total value of $683,063.04. Following the transaction, the senior vice president now directly owns 7,578 shares of the company’s stock, valued at approximately $686,869.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert D. Ravener sold 11,368 shares of the business’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $92.81, for a total value of $1,055,064.08. Following the completion of the transaction, the executive vice president now directly owns 22,598 shares in the company, valued at $2,097,320.38. The disclosure for this sale can be found here. Insiders sold a total of 20,916 shares of company stock worth $1,924,881 over the last three months. 0.32% of the stock is owned by company insiders.
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About Dollar General
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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