Advisor Partners LLC raised its stake in shares of Dollar General Corporation (NYSE:DG) by 4.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,872 shares of the company’s stock after buying an additional 219 shares during the period. Advisor Partners LLC’s holdings in Dollar General Corporation were worth $351,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. BlackRock Inc. raised its position in shares of Dollar General Corporation by 4,173.7% in the first quarter. BlackRock Inc. now owns 22,144,062 shares of the company’s stock valued at $1,544,106,000 after buying an additional 21,625,909 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Dollar General Corporation by 2.5% in the first quarter. Vanguard Group Inc. now owns 17,300,011 shares of the company’s stock valued at $1,206,329,000 after buying an additional 430,091 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Dollar General Corporation by 20.5% in the first quarter. Bank of New York Mellon Corp now owns 8,215,436 shares of the company’s stock valued at $572,863,000 after buying an additional 1,398,043 shares during the last quarter. Longview Partners Guernsey LTD purchased a new position in shares of Dollar General Corporation during the second quarter valued at about $577,548,000. Finally, Caisse DE Depot ET Placement DU Quebec raised its position in shares of Dollar General Corporation by 281.5% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,740,089 shares of the company’s stock valued at $330,886,000 after buying an additional 3,497,733 shares during the last quarter. Institutional investors own 88.66% of the company’s stock.
Dollar General Corporation (NYSE:DG) opened at 75.58 on Friday. The company has a market capitalization of $20.73 billion, a price-to-earnings ratio of 17.09 and a beta of 0.93. The stock has a 50 day moving average price of $72.51 and a 200-day moving average price of $72.61. Dollar General Corporation has a 12-month low of $65.97 and a 12-month high of $93.11.
Dollar General Corporation (NYSE:DG) last posted its quarterly earnings data on Thursday, June 1st. The company reported $1.03 EPS for the quarter, topping the consensus estimate of $1.00 by $0.03. The firm had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.59 billion. Dollar General Corporation had a return on equity of 23.07% and a net margin of 5.53%. Dollar General Corporation’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.03 EPS. Equities analysts predict that Dollar General Corporation will post $4.50 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 25th. Stockholders of record on Tuesday, July 11th were paid a $0.26 dividend. The ex-dividend date of this dividend was Friday, July 7th. This represents a $1.04 annualized dividend and a dividend yield of 1.38%. Dollar General Corporation’s dividend payout ratio (DPR) is 23.48%.
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Several research analysts have issued reports on DG shares. Deutsche Bank AG reiterated a “hold” rating and issued a $79.00 price target (up previously from $78.00) on shares of Dollar General Corporation in a report on Saturday, June 3rd. Jefferies Group LLC reiterated a “hold” rating and issued a $68.00 price target on shares of Dollar General Corporation in a report on Wednesday, July 19th. Royal Bank Of Canada raised their target price on Dollar General Corporation from $81.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded Dollar General Corporation from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a report on Friday, June 9th. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $88.00 target price on shares of Dollar General Corporation in a report on Wednesday, May 17th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eleven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $80.89.
Dollar General Corporation 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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