Meeder Asset Management Inc. boosted its holdings in shares of Dollar General Corporation (NYSE:DG) by 22,950.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 2,305 shares of the company’s stock after acquiring an additional 2,295 shares during the period. Meeder Asset Management Inc.’s holdings in Dollar General Corporation were worth $187,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Veritable L.P. grew its holdings in Dollar General Corporation by 0.7% during the 2nd quarter. Veritable L.P. now owns 4,803 shares of the company’s stock worth $346,000 after acquiring an additional 35 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Dollar General Corporation by 2.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,034 shares of the company’s stock worth $146,000 after acquiring an additional 48 shares during the period. Gateway Investment Advisers LLC grew its holdings in Dollar General Corporation by 0.3% during the 2nd 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 period. Alpha Windward LLC grew its holdings in Dollar General Corporation by 3.0% during the 2nd 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 period. Finally, Huntington National Bank grew its holdings in Dollar General Corporation by 4.0% during the 2nd quarter. Huntington National Bank now owns 1,965 shares of the company’s stock worth $142,000 after acquiring an additional 75 shares during the period. 90.49% of the stock is owned by hedge funds and other institutional investors.
In other Dollar General Corporation news, EVP Robert D. Ravener sold 11,257 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $77.00, for a total value of $866,789.00. Following the completion of the sale, the executive vice president now directly owns 22,598 shares in the company, valued at $1,740,046. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.22% of the company’s stock.
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Shares of Dollar General Corporation (NYSE:DG) opened at 83.26 on Friday. Dollar General Corporation has a 52-week low of $65.97 and a 52-week high of $85.07. The company has a market capitalization of $22.75 billion, a PE ratio of 18.86 and a beta of 0.96. The company has a 50-day moving average of $80.39 and a 200 day moving average of $74.93.
Dollar General Corporation (NYSE:DG) last posted its quarterly earnings results on Thursday, August 31st. The company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.01. The business had revenue of $5.83 billion during the quarter, compared to analysts’ expectations of $5.80 billion. Dollar General Corporation had a net margin of 5.38% and a return on equity of 22.67%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the company posted $1.08 earnings per share. Analysts predict that Dollar General Corporation will post $4.51 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 24th. Shareholders of record on Tuesday, October 10th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend was Friday, October 6th. Dollar General Corporation’s payout ratio is 23.48%.
A number of analysts have commented on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and set a $85.00 target price on shares of Dollar General Corporation in a report on Tuesday, October 10th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $85.00 target price on shares of Dollar General Corporation in a report on Friday, September 29th. BMO Capital Markets reaffirmed a “hold” rating on shares of Dollar General Corporation in a report on Wednesday, September 27th. Citigroup Inc. lifted their target price on shares of Dollar General Corporation from $87.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, September 13th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $79.00 target price on shares of Dollar General Corporation in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company’s stock. Dollar General Corporation has a consensus rating of “Hold” and a consensus target price of $80.02.
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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