Oakwood Capital Management LLC CA Invests $4,248,000 in Dollar General Corp. (DG)
Oakwood Capital Management LLC CA bought a new position in Dollar General Corp. (NYSE:DG) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 45,190 shares of the company’s stock, valued at approximately $4,248,000.
A number of other institutional investors have also modified their holdings of DG. Sigma Planning Corp acquired a new position in shares of Dollar General Corp. during the second quarter worth $200,000. Burns J W & Co. Inc. NY acquired a new position in shares of Dollar General Corp. during the second quarter worth $203,000. Checchi Capital Advisers LLC raised its position in shares of Dollar General Corp. by 2.0% in the second quarter. Checchi Capital Advisers LLC now owns 2,219 shares of the company’s stock worth $209,000 after buying an additional 43 shares during the period. Alpha Windward LLC raised its position in shares of Dollar General Corp. by 19.5% in the second quarter. Alpha Windward LLC now owns 2,240 shares of the company’s stock worth $211,000 after buying an additional 365 shares during the period. Finally, Genesee Valley Trust Co. acquired a new position in shares of Dollar General Corp. during the second quarter worth $213,000. 85.44% of the stock is owned by institutional investors and hedge funds.
Dollar General Corp. (NYSE:DG) traded up 0.64% during mid-day trading on Wednesday, reaching $72.18. The company’s stock had a trading volume of 3,098,500 shares. Dollar General Corp. has a 12-month low of $59.75 and a 12-month high of $96.88. The firm’s 50 day moving average price is $82.25 and its 200 day moving average price is $86.00. The stock has a market cap of $20.34 billion, a price-to-earnings ratio of 16.88 and a beta of 0.63.
Dollar General Corp. (NYSE:DG) last posted its quarterly earnings data on Thursday, August 25th. The company reported $1.08 EPS for the quarter, missing the Zacks’ consensus estimate of $1.09 by $0.01. The business earned $5.39 billion during the quarter, compared to analysts’ expectations of $5.50 billion. Dollar General Corp. had a net margin of 5.86% and a return on equity of 22.95%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.95 earnings per share. On average, equities analysts predict that Dollar General Corp. will post $4.50 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 28th. Stockholders of record on Wednesday, September 14th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date is Monday, September 12th. Dollar General Corp.’s dividend payout ratio (DPR) is presently 23.42%.
A number of brokerages have weighed in on DG. Telsey Advisory Group reissued a “buy” rating on shares of Dollar General Corp. in a research report on Sunday, May 29th. BTIG Research initiated coverage on Dollar General Corp. in a research report on Wednesday, June 1st. They issued a “buy” rating and a $105.00 target price for the company. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Dollar General Corp. in a research report on Sunday, May 29th. Credit Suisse Group AG upped their price target on shares of Dollar General Corp. from $90.00 to $95.00 and gave the company an “outperform” rating in a research report on Friday, May 27th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Dollar General Corp. in a research report on Friday, June 10th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $90.33.
In other news, Director Michael M. Calbert purchased 13,000 shares of the stock in a transaction dated Tuesday, August 30th. The shares were purchased at an average cost of $75.53 per share, with a total value of $981,890.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William C. Rhodes III purchased 5,000 shares of the stock in a transaction dated Friday, August 26th. The stock was purchased at an average cost of $76.30 per share, for a total transaction of $381,500.00. The disclosure for this purchase can be found here. 0.22% of the stock is owned by insiders.
About Dollar General Corp.
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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