Dollar General Corporation (DG) Shares Sold by Tocqueville Asset Management L.P.
Tocqueville Asset Management L.P. trimmed its position in Dollar General Corporation (NYSE:DG) by 6.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 43,625 shares of the company’s stock after selling 2,955 shares during the period. Tocqueville Asset Management L.P.’s holdings in Dollar General Corporation were worth $3,536,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. FineMark National Bank & Trust boosted its holdings in shares of Dollar General Corporation by 2.4% during the 3rd quarter. FineMark National Bank & Trust now owns 57,457 shares of the company’s stock worth $4,657,000 after purchasing an additional 1,332 shares during the last quarter. Emerald Advisers Inc. PA acquired a new position in shares of Dollar General Corporation during the 3rd quarter worth approximately $344,000. Longview Partners Guernsey LTD boosted its holdings in shares of Dollar General Corporation by 41.3% during the 3rd quarter. Longview Partners Guernsey LTD now owns 11,321,660 shares of the company’s stock worth $917,621,000 after purchasing an additional 3,310,168 shares during the last quarter. Westpac Banking Corp boosted its holdings in shares of Dollar General Corporation by 16.9% during the 3rd quarter. Westpac Banking Corp now owns 19,666 shares of the company’s stock worth $1,594,000 after purchasing an additional 2,849 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Dollar General Corporation by 19.3% during the 3rd quarter. Victory Capital Management Inc. now owns 23,490 shares of the company’s stock worth $1,904,000 after purchasing an additional 3,794 shares during the last quarter. Institutional investors own 91.65% of the company’s stock.
Several research analysts have recently weighed in on DG shares. Zacks Investment Research upgraded Dollar General Corporation from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a report on Monday, August 28th. BidaskClub upgraded Dollar General Corporation from a “hold” rating to a “buy” rating in a report on Friday, August 25th. Bank of America Corporation restated a “buy” rating and set a $90.00 target price on shares of Dollar General Corporation in a report on Friday, August 25th. Citigroup Inc. boosted their target price on Dollar General Corporation from $87.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, September 13th. Finally, Piper Jaffray Companies restated a “buy” rating and set a $85.00 target price on shares of Dollar General Corporation in a report on Friday, September 29th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $79.84.
Shares of Dollar General Corporation (DG) opened at $80.68 on Tuesday. Dollar General Corporation has a 12-month low of $65.97 and a 12-month high of $85.07. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.18 and a current ratio of 1.42. The firm has a market capitalization of $22,371.71, a price-to-earnings ratio of 18.15, a PEG ratio of 1.69 and a beta of 0.93.
Dollar General Corporation (NYSE:DG) last posted its quarterly earnings data on Thursday, August 31st. The company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.01. Dollar General Corporation had a return on equity of 22.67% and a net margin of 5.38%. The business had revenue of $5.83 billion for the quarter, compared to analyst estimates of $5.80 billion. During the same quarter in the prior year, the company earned $1.08 earnings per share. The company’s revenue was up 8.1% on a year-over-year basis. research analysts forecast that Dollar General Corporation will post 4.5 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 24th. Stockholders of record on Tuesday, October 10th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend was Friday, October 6th. Dollar General Corporation’s dividend payout ratio is currently 23.48%.
In other news, EVP Robert D. Ravener sold 11,257 shares of the company’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 sale, the executive vice president now owns 22,598 shares of the company’s stock, valued at $1,740,046. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.32% of the stock is currently owned by corporate 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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