Westpac Banking Corp reduced its position in Dollar General Corp. (NYSE:DG) by 31.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,239 shares of the company’s stock after selling 8,023 shares during the period. Westpac Banking Corp’s holdings in Dollar General Corp. were worth $1,620,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Sigma Planning Corp acquired a new stake in shares of Dollar General Corp. during the second quarter worth about $200,000. Burns J W & Co. Inc. NY purchased a new stake in Dollar General Corp. during the second quarter worth $203,000. Checchi Capital Advisers LLC increased its stake in Dollar General Corp. by 2.0% in the second quarter. Checchi Capital Advisers LLC now owns 2,219 shares of the company’s stock worth $209,000 after buying an additional 43 shares during the last quarter. Thompson Davis & CO. Inc. increased its stake in Dollar General Corp. by 4.2% in the second quarter. Thompson Davis & CO. Inc. now owns 2,222 shares of the company’s stock worth $209,000 after buying an additional 90 shares during the last quarter. Finally, Alpha Windward LLC increased its stake in Dollar General Corp. by 19.5% in the second quarter. Alpha Windward LLC now owns 2,240 shares of the company’s stock worth $211,000 after buying an additional 365 shares during the last quarter. 85.44% of the stock is owned by hedge funds and other institutional investors.
Shares of Dollar General Corp. (NYSE:DG) traded down 0.50% during midday trading on Thursday, reaching $70.15. 469,989 shares of the company’s stock were exchanged. Dollar General Corp. has a one year low of $59.75 and a one year high of $96.88. The stock’s 50-day moving average is $78.55 and its 200 day moving average is $85.65. The firm has a market cap of $19.76 billion, a PE ratio of 16.41 and a beta of 0.63.
Dollar General Corp. (NYSE:DG) last released its quarterly earnings data on Thursday, August 25th. The company reported $1.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.09 by $0.01. Dollar General Corp. had a net margin of 5.86% and a return on equity of 22.95%. The business had revenue of $5.39 billion for the quarter, compared to the consensus estimate of $5.50 billion. During the same quarter in the prior year, the business posted $0.95 earnings per share. Dollar General Corp.’s revenue for the quarter was up 5.7% on a year-over-year basis. Analysts anticipate that Dollar General Corp. will post $4.50 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 28th. Stockholders of record on Wednesday, September 14th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, September 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.42%. Dollar General Corp.’s dividend payout ratio is presently 23.42%.
DG has been the topic of several analyst reports. BTIG Research initiated coverage on Dollar General Corp. in a report on Wednesday, June 1st. They issued a “buy” rating and a $105.00 price objective on the stock. Citigroup Inc. reiterated a “buy” rating and issued a $107.00 price objective (up previously from $98.00) on shares of Dollar General Corp. in a report on Friday, June 3rd. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Dollar General Corp. in a report on Friday, June 10th. Zacks Investment Research upgraded Dollar General Corp. from a “hold” rating to a “buy” rating and set a $105.00 price objective on the stock in a report on Tuesday, July 5th. Finally, Morgan Stanley lifted their price objective on Dollar General Corp. from $95.00 to $102.00 and gave the stock an “overweight” rating in a report on Monday, July 18th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $90.13.
In other Dollar General Corp. news, Director Michael M. Calbert acquired 13,000 shares of the company’s stock in a transaction dated Tuesday, August 30th. The shares were purchased at an average cost of $75.53 per share, for a total transaction of $981,890.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William C. Rhodes III acquired 5,000 shares of the company’s stock in a transaction dated Friday, August 26th. The shares were acquired at an average price of $76.30 per share, for a total transaction of $381,500.00. The disclosure for this purchase can be found here. Insiders own 0.22% of the company’s stock.
About Dollar General Corp.
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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