Financial Counselors Inc. Has $294,000 Holdings in Dollar General Corporation (DG)
Financial Counselors Inc. lessened its holdings in shares of Dollar General Corporation (NYSE:DG) by 59.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,081 shares of the company’s stock after selling 5,881 shares during the period. Financial Counselors Inc.’s holdings in Dollar General Corporation were worth $294,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Alpha Windward LLC grew its position in shares of 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 purchasing an additional 56 shares in the last quarter. Huntington National Bank boosted its position in shares of 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 in the last quarter. Harbour Capital Advisors LLC boosted its position in shares of Dollar General Corporation by 7,109.3% during the 2nd quarter. Harbour Capital Advisors LLC now owns 10,814 shares of the company’s stock worth $150,000 after acquiring an additional 10,664 shares in the last quarter. Welch Group LLC boosted its position in shares of Dollar General Corporation by 27.1% during the 2nd quarter. Welch Group LLC now owns 2,267 shares of the company’s stock worth $163,000 after acquiring an additional 483 shares in the last quarter. Finally, Sigma Planning Corp acquired a new stake in shares of Dollar General Corporation during the 2nd quarter worth approximately $202,000. Hedge funds and other institutional investors own 90.61% of the company’s stock.
Several analysts recently issued reports on the stock. BMO Capital Markets reiterated a “neutral” rating and set a $85.00 price target (up previously from $76.00) on shares of Dollar General Corporation in a research report on Friday, June 2nd. Zacks Investment Research raised shares of Dollar General Corporation from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research note on Friday, June 9th. BidaskClub downgraded shares of Dollar General Corporation from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Buckingham Research reissued a “neutral” rating and issued a $75.00 price objective on shares of Dollar General Corporation in a research note on Monday, August 7th. Finally, Barclays PLC reissued a “hold” rating and issued a $76.00 price objective on shares of Dollar General Corporation in a research note on Friday, June 2nd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $80.59.
Shares of Dollar General Corporation (NYSE DG) opened at 77.22 on Friday. The firm has a 50-day moving average of $75.58 and a 200-day moving average of $72.79. The firm has a market capitalization of $21.10 billion, a PE ratio of 17.50 and a beta of 0.94. Dollar General Corporation has a 12-month low of $65.97 and a 12-month high of $80.67.
Dollar General Corporation (NYSE:DG) last released its earnings results on Thursday, August 31st. The company reported $1.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.01. The firm had revenue of $5.83 billion for the quarter, compared to the consensus estimate of $5.80 billion. Dollar General Corporation had a net margin of 5.38% and a return on equity of 22.67%. The company’s revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.08 EPS. Equities analysts anticipate that Dollar General Corporation will post $4.51 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 24th. Stockholders of record on Tuesday, October 10th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend is Friday, October 6th. Dollar General Corporation’s dividend payout ratio is presently 23.48%.
In other news, EVP Robert D. Ravener sold 11,257 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $77.00, for a total value of $866,789.00. Following the sale, the executive vice president now directly owns 22,598 shares of the company’s stock, valued at approximately $1,740,046. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.22% of the stock is owned by corporate insiders.
Dollar General Corporation Company Profile
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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