Legal & General Group Plc Has $138.65 Million Position in Dollar General Corp. (DG)
Legal & General Group Plc cut its stake in shares of Dollar General Corp. (NYSE:DG) by 3.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,406,030 shares of the company’s stock after selling 54,234 shares during the quarter. Legal & General Group Plc owned 0.53% of Dollar General worth $138,650,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently modified their holdings of the company. Chicago Equity Partners LLC bought a new position in Dollar General during the 2nd quarter valued at approximately $329,000. Janus Henderson Group PLC raised its position in Dollar General by 182.7% during the 2nd quarter. Janus Henderson Group PLC now owns 1,040,981 shares of the company’s stock valued at $102,641,000 after purchasing an additional 672,761 shares during the last quarter. Oppenheimer & Co. Inc. raised its position in Dollar General by 87.7% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 6,190 shares of the company’s stock valued at $611,000 after purchasing an additional 2,893 shares during the last quarter. Buckingham Capital Management Inc. raised its position in Dollar General by 18.7% during the 2nd quarter. Buckingham Capital Management Inc. now owns 36,845 shares of the company’s stock valued at $3,633,000 after purchasing an additional 5,810 shares during the last quarter. Finally, Northwest Bancshares Inc. raised its position in Dollar General by 51.6% during the 2nd quarter. Northwest Bancshares Inc. now owns 13,907 shares of the company’s stock valued at $1,371,000 after purchasing an additional 4,733 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.
In other news, EVP Robert D. Ravener sold 10,000 shares of the stock in a transaction that occurred on Friday, June 22nd. The stock was sold at an average price of $100.03, for a total value of $1,000,300.00. Following the completion of the transaction, the executive vice president now owns 38,307 shares of the company’s stock, valued at approximately $3,831,849.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.41% of the stock is currently owned by corporate insiders.
Shares of NYSE:DG opened at $105.66 on Friday. Dollar General Corp. has a 52-week low of $70.30 and a 52-week high of $109.05. The company has a market capitalization of $28.59 billion, a PE ratio of 23.53, a PEG ratio of 1.21 and a beta of 0.90. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.65 and a quick ratio of 0.23.
Dollar General (NYSE:DG) last announced its earnings results on Thursday, August 30th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.03. Dollar General had a return on equity of 22.40% and a net margin of 6.77%. The firm had revenue of $6.44 billion during the quarter, compared to analyst estimates of $6.38 billion. During the same quarter in the prior year, the company earned $1.10 EPS. The business’s revenue was up 10.6% compared to the same quarter last year. equities research analysts forecast that Dollar General Corp. will post 6.06 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 23rd. Stockholders of record on Tuesday, October 9th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.10%. Dollar General’s dividend payout ratio is currently 25.84%.
About Dollar General
Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, Midwestern, and eastern United States. The company offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food comprising cereals, canned soups and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.
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