Dollar General Corp. (DG) Shares Sold by Strs Ohio
Strs Ohio lowered its position in shares of Dollar General Corp. (NYSE:DG) by 34.8% during the second quarter, Holdings Channel reports. The institutional investor owned 13,801 shares of the company’s stock after selling 7,357 shares during the period. Strs Ohio’s holdings in Dollar General Corp. were worth $1,297,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Sigma Planning Corp purchased a new stake in Dollar General Corp. during the second quarter worth approximately $200,000. Burns J W & Co. Inc. NY purchased a new stake in Dollar General Corp. during the second quarter worth approximately $203,000. Checchi Capital Advisers LLC boosted 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 boosted 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, BKD Wealth Advisors LLC purchased a new stake in Dollar General Corp. during the second quarter worth approximately $240,000. 85.44% of the stock is owned by institutional investors and hedge funds.
Dollar General Corp. (NYSE:DG) traded down 1.02% during trading on Tuesday, hitting $68.70. 3,161,559 shares of the company were exchanged. The stock’s 50-day moving average is $73.36 and its 200-day moving average is $84.76. The company has a market capitalization of $19.36 billion, a price-to-earnings ratio of 16.07 and a beta of 0.74. Dollar General Corp. has a 12 month low of $59.75 and a 12 month high of $96.88.
Dollar General Corp. (NYSE:DG) last posted its quarterly earnings data on Thursday, August 25th. The company reported $1.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.09 by $0.01. The company had revenue of $5.39 billion for the quarter, compared to analyst estimates of $5.50 billion. Dollar General Corp. had a return on equity of 22.95% and a net margin of 5.86%. The business’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.95 earnings per share. Equities research analysts anticipate that Dollar General Corp. will post $4.50 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 28th. Shareholders of record on Wednesday, September 14th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.46%. 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 several research reports. Jefferies Group cut shares of Dollar General Corp. from a “buy” rating to a “hold” rating and dropped their target price for the stock from $101.00 to $96.00 in a report on Monday, August 15th. They noted that the move was a valuation call. Morgan Stanley restated a “buy” rating and issued a $97.00 target price on shares of Dollar General Corp. in a report on Sunday, August 28th. MKM Partners restated a “buy” rating and issued a $97.00 target price on shares of Dollar General Corp. in a report on Thursday, August 25th. Zacks Investment Research cut shares of Dollar General Corp. from a “hold” rating to a “sell” rating in a report on Monday, August 29th. Finally, Citigroup Inc. raised 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. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $89.71.
In other Dollar General Corp. news, Director Michael M. Calbert bought 13,000 shares of Dollar General Corp. stock in a transaction dated Tuesday, August 30th. The stock was acquired at an average cost of $75.53 per share, for a total transaction of $981,890.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William C. Rhodes III bought 5,000 shares of Dollar General Corp. stock in a transaction dated Friday, August 26th. The stock was acquired at an average price of $76.30 per share, with a total value of $381,500.00. The disclosure for this purchase can be found here. Company insiders own 0.22% of the company’s stock.
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.
Want to see what other hedge funds are holding DG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dollar General Corp. (NYSE:DG).
Receive News & Ratings for Dollar General Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar General Corp. and related companies with MarketBeat.com's FREE daily email newsletter.