Dollar General Corp. (DG) Shares Sold by Alps Advisors Inc.
Alps Advisors Inc. cut its stake in shares of Dollar General Corp. (NYSE:DG) by 6.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,674 shares of the company’s stock after selling 344 shares during the period. Alps Advisors Inc.’s holdings in Dollar General Corp. were worth $439,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in DG. Sigma Planning Corp bought a new stake in shares of Dollar General Corp. during the second quarter valued at about $200,000. Burns J W & Co. Inc. NY acquired a new stake in Dollar General Corp. during the second quarter worth $203,000. Checchi Capital Advisers LLC raised its stake in 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 last quarter. Alpha Windward LLC raised its stake in 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 last quarter. Finally, Genesee Valley Trust Co. acquired a new stake in Dollar General Corp. during the second quarter worth $213,000. 85.44% of the stock is currently owned by hedge funds and other institutional investors.
Dollar General Corp. (NYSE:DG) traded up 3.11% during trading on Thursday, reaching $69.05. 4,248,019 shares of the company traded hands. The firm has a market capitalization of $19.45 billion, a price-to-earnings ratio of 16.15 and a beta of 0.74. The company’s 50-day moving average price is $74.76 and its 200 day moving average price is $85.08. Dollar General Corp. has a 52 week low of $59.75 and a 52 week high of $96.88.
Dollar General Corp. (NYSE:DG) last announced its quarterly earnings data on Thursday, August 25th. The company reported $1.08 EPS for the quarter, missing the consensus estimate of $1.09 by $0.01. The firm had revenue of $5.39 billion for 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 business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.95 EPS. On average, equities research analysts expect that Dollar General Corp. will post $4.50 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 28th. Stockholders of record on Wednesday, September 14th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.45%. The ex-dividend date was Monday, September 12th. Dollar General Corp.’s dividend payout ratio is presently 23.42%.
DG has been the topic of a number of research reports. Morgan Stanley reissued a “buy” rating and set a $97.00 target price on shares of Dollar General Corp. in a report on Sunday, August 28th. Citigroup Inc. boosted their target price on shares of Dollar General Corp. from $89.00 to $107.00 and gave the stock a “buy” rating in a report on Wednesday, August 31st. Wolfe Research lowered shares of Dollar General Corp. from a “market perform” rating to an “underperform” rating in a report on Wednesday, September 7th. Jefferies Group reissued a “hold” rating on shares of Dollar General Corp. in a report on Monday, September 12th. Finally, Barclays PLC initiated coverage on shares of Dollar General Corp. in a report on Friday, September 23rd. They set an “equal weight” rating and a $74.00 target price on the stock. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $89.71.
In related news, Director Michael M. Calbert purchased 13,000 shares of the stock in a transaction dated Tuesday, August 30th. The stock was purchased at an average price of $75.53 per share, with a total value of $981,890.00. The transaction was disclosed in a legal filing with the SEC, 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 bought at an average cost of $76.30 per share, with a total value 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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