25,580 Shares in Dollar General Corp. (DG) Acquired by Parsec Financial Management Inc.
Parsec Financial Management Inc. bought a new position in shares of Dollar General Corp. (NYSE:DG) during the second quarter, Holdings Channel reports. The firm bought 25,580 shares of the company’s stock, valued at approximately $2,405,000.
A number of other large investors have also recently made changes to their positions in the stock. Orbis Allan Gray Ltd bought a new position in Dollar General Corp. during the first quarter valued at $195,087,000. American Century Companies Inc. raised its position in Dollar General Corp. by 3,651.0% in the second quarter. American Century Companies Inc. now owns 507,129 shares of the company’s stock valued at $47,670,000 after buying an additional 493,609 shares during the period. Jericho Capital Asset Management L.P. bought a new position in Dollar General Corp. during the first quarter valued at $42,201,000. Renaissance Technologies LLC bought a new position in Dollar General Corp. during the first quarter valued at $33,144,000. Finally, Bank of Montreal Can bought a new position in Dollar General Corp. during the second quarter valued at $25,180,000. 85.44% of the stock is currently owned by institutional investors and hedge funds.
Shares of Dollar General Corp. (NYSE:DG) traded down 0.883% during midday trading on Monday, hitting $69.045. The stock had a trading volume of 1,404,347 shares. Dollar General Corp. has a 1-year low of $59.75 and a 1-year high of $96.88. The firm’s 50-day moving average price is $73.97 and its 200-day moving average price is $84.86. The stock has a market cap of $19.45 billion, a price-to-earnings ratio of 16.147 and a beta of 0.74.
Dollar General Corp. (NYSE:DG) last posted its quarterly earnings results on Thursday, August 25th. The company reported $1.08 EPS for the quarter, missing the Zacks’ consensus estimate of $1.09 by $0.01. Dollar General Corp. had a return on equity of 22.95% and a net margin of 5.86%. The company earned $5.39 billion during the quarter, compared to the consensus estimate of $5.50 billion. During the same period in the previous year, the business earned $0.95 earnings per share. Dollar General Corp.’s revenue was up 5.7% on a year-over-year basis. Analysts forecast that Dollar General Corp. will post $4.50 earnings per share 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 issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date was Monday, September 12th. Dollar General Corp.’s payout ratio is currently 23.42%.
A number of research firms recently weighed in on DG. Credit Suisse Group AG set a $70.00 target price on Dollar General Corp. and gave the stock a “hold” rating in a report on Wednesday, October 5th. Barclays PLC began coverage on 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. Macquarie reissued an “outperform” rating and set a $92.00 target price on shares of Dollar General Corp. in a report on Wednesday, September 14th. Jefferies Group reissued a “hold” rating on shares of Dollar General Corp. in a report on Monday, September 12th. Finally, Wolfe Research lowered Dollar General Corp. from a “market perform” rating to an “underperform” rating in a report on Wednesday, September 7th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Dollar General Corp. presently has an average rating of “Hold” and a consensus target price of $89.71.
In other Dollar General Corp. news, Director Michael M. Calbert acquired 13,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 30th. The stock was bought at an average price of $75.53 per share, with a total value of $981,890.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William C. Rhodes III acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 26th. The shares were acquired 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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