BlackRock Inc. Sells 1,124,747 Shares of Dollar General Corporation (DG)
BlackRock Inc. decreased its holdings in Dollar General Corporation (NYSE:DG) by 5.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,019,315 shares of the company’s stock after selling 1,124,747 shares during the quarter. BlackRock Inc. owned 7.66% of Dollar General Corporation worth $1,515,281,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Alpha Windward LLC lifted its stake in Dollar General Corporation by 3.0% in the second quarter. Alpha Windward LLC now owns 1,900 shares of the company’s stock worth $137,000 after acquiring an additional 56 shares during the last quarter. Huntington National Bank lifted its stake in Dollar General Corporation by 4.0% in the second quarter. Huntington National Bank now owns 1,965 shares of the company’s stock worth $142,000 after acquiring an additional 75 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Dollar General Corporation by 2.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,034 shares of the company’s stock worth $146,000 after acquiring an additional 48 shares during the last quarter. Harbour Capital Advisors LLC lifted its stake in Dollar General Corporation by 7,109.3% in the second 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 during the last quarter. Finally, Welch Group LLC lifted its stake in Dollar General Corporation by 27.1% in the second quarter. Welch Group LLC now owns 2,267 shares of the company’s stock worth $163,000 after acquiring an additional 483 shares during the last quarter. 90.61% of the stock is owned by institutional investors and hedge funds.
In related news, EVP Robert D. Ravener sold 11,257 shares of Dollar General Corporation stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $77.00, for a total transaction of $866,789.00. Following the transaction, the executive vice president now directly owns 22,598 shares of the company’s stock, valued at $1,740,046. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.22% of the stock is owned by insiders.
A number of research analysts recently issued reports on DG shares. Zacks Investment Research upgraded shares of Dollar General Corporation from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a research note on Monday, August 28th. Deutsche Bank AG reiterated a “hold” rating and issued a $79.00 price target on shares of Dollar General Corporation in a research note on Friday, September 1st. Gordon Haskett upgraded shares of Dollar General Corporation from a “reduce” rating to an “accumulate” rating in a research note on Thursday, June 1st. Citigroup Inc. lifted their price target on shares of Dollar General Corporation from $87.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, BidaskClub upgraded shares of Dollar General Corporation from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the stock. Dollar General Corporation has a consensus rating of “Hold” and an average target price of $80.59.
Dollar General Corporation (NYSE DG) traded up 0.48% during midday trading on Friday, hitting $77.60. 4,146,445 shares of the company traded hands. Dollar General Corporation has a 12-month low of $65.97 and a 12-month high of $80.67. The stock has a 50 day moving average of $75.65 and a 200 day moving average of $72.80. The stock has a market cap of $21.20 billion, a P/E ratio of 17.58 and a beta of 0.94.
Dollar General Corporation (NYSE:DG) last released its earnings results on Thursday, August 31st. The company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.01. The firm had revenue of $5.83 billion for the quarter, compared to analyst estimates of $5.80 billion. Dollar General Corporation had a return on equity of 22.67% and a net margin of 5.38%. Dollar General Corporation’s revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.08 earnings per share. Equities research analysts predict that Dollar General Corporation will post $4.51 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 24th. Investors of record on Tuesday, October 10th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Friday, October 6th. Dollar General Corporation’s payout ratio is currently 23.48%.
About Dollar General Corporation
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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