Parametric Portfolio Associates LLC Has $141.88 Million Holdings in Dollar General Corporation (DG)
Parametric Portfolio Associates LLC raised its position in Dollar General Corporation (NYSE:DG) by 363.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,968,047 shares of the company’s stock after acquiring an additional 1,543,619 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.72% of Dollar General Corporation worth $141,877,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of Dollar General Corporation by 4,173.7% during the first quarter. BlackRock Inc. now owns 22,144,062 shares of the company’s stock valued at $1,544,106,000 after buying an additional 21,625,909 shares during the period. Longview Partners Guernsey LTD purchased a new position in shares of Dollar General Corporation during the second quarter valued at about $577,548,000. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Dollar General Corporation by 281.5% during 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 buying an additional 3,497,733 shares during the period. Ameriprise Financial Inc. increased its position in shares of Dollar General Corporation by 115.4% during the second quarter. Ameriprise Financial Inc. now owns 3,573,530 shares of the company’s stock valued at $257,611,000 after buying an additional 1,914,303 shares during the period. Finally, FMR LLC increased its position in shares of Dollar General Corporation by 29.4% during the second quarter. FMR LLC now owns 5,915,175 shares of the company’s stock valued at $426,424,000 after buying an additional 1,345,562 shares during the period. Hedge funds and other institutional investors own 90.51% of the company’s stock.
Shares of Dollar General Corporation (DG) traded up 1.16% on Friday, hitting $77.66. 3,513,435 shares of the stock traded hands. The stock has a market cap of $21.22 billion, a P/E ratio of 17.59 and a beta of 0.94. The stock’s 50 day moving average price is $75.77 and its 200 day moving average price is $72.84. Dollar General Corporation has a 52-week low of $65.97 and a 52-week high of $80.67.
Dollar General Corporation (NYSE:DG) last issued its quarterly earnings data 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. Dollar General Corporation had a net margin of 5.38% and a return on equity of 22.67%. The firm had revenue of $5.83 billion for the quarter, compared to the consensus estimate of $5.80 billion. During the same quarter in the previous year, the firm earned $1.08 EPS. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, equities analysts expect that Dollar General Corporation will post $4.51 EPS for the current fiscal year.
The company also recently disclosed 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 1.34%. The ex-dividend date of this dividend is Friday, October 6th. Dollar General Corporation’s payout ratio is currently 23.48%.
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In other news, EVP Robert D. Ravener sold 11,257 shares of Dollar General Corporation stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $77.00, for a total value of $866,789.00. Following the transaction, the executive vice president now owns 22,598 shares of the company’s stock, valued at approximately $1,740,046. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.22% of the stock is owned by insiders.
Several equities analysts recently issued reports on the stock. Jefferies Group LLC boosted their price target on shares of Dollar General Corporation from $68.00 to $73.00 and gave the company a “hold” rating in a research report on Friday, September 1st. Bank of America Corporation reiterated a “buy” rating and set a $90.00 price target on shares of Dollar General Corporation in a research report on Friday, August 25th. BMO Capital Markets set a $85.00 price target on shares of Dollar General Corporation and gave the company a “hold” rating in a research report on Tuesday, August 22nd. Zacks Investment Research upgraded shares of Dollar General Corporation from a “sell” rating to a “hold” rating and set a $88.00 price target on the stock in a research report on Friday, June 2nd. Finally, Citigroup Inc. boosted their price target on shares of Dollar General Corporation from $87.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, September 13th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $80.59.
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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