Dollar General Corporation (DG) Shares Bought by UBS Asset Management Americas Inc.
UBS Asset Management Americas Inc. boosted its stake in shares of Dollar General Corporation (NYSE:DG) by 7.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 845,649 shares of the company’s stock after purchasing an additional 56,001 shares during the period. UBS Asset Management Americas Inc. owned about 0.31% of Dollar General Corporation worth $60,963,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Venturi Wealth Management LLC purchased a new position in Dollar General Corporation during the first quarter valued at approximately $290,000. Westpac Banking Corp grew its position in Dollar General Corporation by 76.4% during the first quarter. Westpac Banking Corp now owns 972,828 shares of the company’s stock valued at $70,838,000 after purchasing an additional 421,427 shares in the last quarter. Sigma Planning Corp purchased a new position in Dollar General Corporation during the second quarter valued at approximately $202,000. BlackRock Inc. grew its position in 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 purchasing an additional 21,625,909 shares in the last quarter. Finally, Credit Suisse AG grew its position in Dollar General Corporation by 16.7% during the first quarter. Credit Suisse AG now owns 658,667 shares of the company’s stock valued at $45,928,000 after purchasing an additional 94,260 shares in the last quarter. 90.51% of the stock is currently owned by hedge funds and other institutional investors.
Dollar General Corporation (NYSE:DG) opened at 77.66 on Friday. The firm has a market capitalization of $21.22 billion, a PE ratio of 17.59 and a beta of 0.94. Dollar General Corporation has a 1-year low of $65.97 and a 1-year high of $80.67. The company’s 50-day moving average is $75.77 and its 200 day moving average is $72.84.
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, beating the consensus estimate 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 business had revenue of $5.83 billion during the quarter, compared to analysts’ expectations of $5.80 billion. During the same period last year, the business earned $1.08 earnings per share. The firm’s revenue was up 8.1% on a year-over-year basis. On average, equities analysts expect 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 paid a $0.26 dividend. The ex-dividend date is Friday, October 6th. This represents a $1.04 annualized dividend and a dividend yield of 1.34%. Dollar General Corporation’s dividend payout ratio is presently 23.48%.
A number of research analysts recently commented on the stock. Citigroup Inc. boosted their price objective 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. Deutsche Bank AG reiterated a “hold” rating and issued a $79.00 target price on shares of Dollar General Corporation in a research note on Friday, September 1st. Jefferies Group LLC lifted their target price on shares of Dollar General Corporation from $68.00 to $73.00 and gave the company a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research cut shares of Dollar General Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th. 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 analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $80.59.
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In other Dollar General Corporation news, EVP Robert D. Ravener sold 11,257 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $77.00, for a total transaction of $866,789.00. Following the completion of the sale, 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 Securities & Exchange Commission, which is available at the SEC website. 0.22% of the stock is currently owned by company insiders.
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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