Private Advisor Group LLC Has $310,000 Stake in Dollar General Corporation (DG)
Private Advisor Group LLC reduced its stake in Dollar General Corporation (NYSE:DG) by 87.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,457 shares of the company’s stock after selling 29,993 shares during the period. Private Advisor Group LLC’s holdings in Dollar General Corporation were worth $310,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in DG. BlackRock Inc. raised its stake in shares of Dollar General Corporation by 4,173.7% in the first quarter. BlackRock Inc. now owns 22,144,062 shares of the company’s stock valued at $1,544,106,000 after acquiring an additional 21,625,909 shares in the last quarter. Longview Partners Guernsey LTD acquired a new stake in shares of Dollar General Corporation in the second quarter valued at $577,548,000. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Dollar General Corporation by 281.5% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,740,089 shares of the company’s stock valued at $330,886,000 after acquiring an additional 3,497,733 shares in the last quarter. Epoch Investment Partners Inc. raised its stake in shares of Dollar General Corporation by 7,543.4% in the first quarter. Epoch Investment Partners Inc. now owns 1,318,717 shares of the company’s stock valued at $91,954,000 after acquiring an additional 1,301,464 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Dollar General Corporation in the first quarter valued at $81,182,000. Institutional investors and hedge funds own 90.51% of the company’s stock.
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 owns 22,598 shares in the company, valued at approximately $1,740,046. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.22% of the company’s stock.
Several analysts have recently issued reports on DG shares. Gordon Haskett upgraded Dollar General Corporation from a “reduce” rating to an “accumulate” rating in a research note on Thursday, June 1st. Zacks Investment Research upgraded Dollar General Corporation from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a research note on Wednesday, June 21st. Johnson Rice upgraded Dollar General Corporation from an “accumulate” rating to a “buy” rating in a research note on Friday, June 2nd. Bank of America Corporation reiterated a “buy” rating and issued a $90.00 price objective on shares of Dollar General Corporation in a research note on Friday, August 25th. Finally, BidaskClub upgraded Dollar General Corporation from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $80.59.
Dollar General Corporation (NYSE DG) opened at 76.99 on Wednesday. Dollar General Corporation has a one year low of $65.97 and a one year high of $80.67. The firm’s 50 day moving average price is $75.77 and its 200 day moving average price is $72.84. The stock has a market cap of $21.04 billion, a price-to-earnings ratio of 17.44 and a beta of 0.94.
Dollar General Corporation (NYSE:DG) last issued its earnings results on Thursday, August 31st. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.01. The business had revenue of $5.83 billion for the quarter, compared to analyst estimates 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 for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.08 EPS. Equities analysts forecast that Dollar General Corporation will post $4.51 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 24th. Stockholders of record on Tuesday, October 10th will be paid a $0.26 dividend. The ex-dividend date is Friday, October 6th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.35%. Dollar General Corporation’s dividend payout ratio (DPR) is presently 23.48%.
Dollar General Corporation 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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