Public Employees Retirement Association of Colorado cut its stake in Dollar General Corp. (NYSE:DG) by 6.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 61,430 shares of the company’s stock after selling 4,007 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Dollar General Corp. were worth $5,774,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of DG. Sigma Planning Corp acquired a new stake in Dollar General Corp. during the second quarter valued at approximately $200,000. Burns J W & Co. Inc. NY purchased a new position in Dollar General Corp. during the second quarter worth $203,000. Checchi Capital Advisers LLC increased its position 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 in the last quarter. Alpha Windward LLC increased its position 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 in the last quarter. Finally, Genesee Valley Trust Co. purchased a new position in Dollar General Corp. during the second quarter worth $213,000. 85.36% of the stock is currently owned by institutional investors.
Shares of Dollar General Corp. (NYSE:DG) traded up 0.29% during midday trading on Tuesday, hitting $68.69. The company had a trading volume of 1,314,710 shares. The company has a market capitalization of $19.35 billion, a PE ratio of 16.06 and a beta of 0.74. Dollar General Corp. has a 12 month low of $59.75 and a 12 month high of $96.88. The company has a 50-day moving average of $70.81 and a 200-day moving average of $84.02.
Dollar General Corp. (NYSE:DG) last announced its earnings results on Thursday, August 25th. The company reported $1.08 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $5.39 billion for the quarter, compared to analyst estimates of $5.50 billion. During the same period in the previous year, the company earned $0.95 EPS. Dollar General Corp.’s revenue was up 5.7% compared to the same quarter last year. Analysts predict that Dollar General Corp. will post $4.50 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 28th. Shareholders of record on Wednesday, September 14th were issued 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 1.46%. Dollar General Corp.’s payout ratio is currently 23.42%.
A number of research analysts have weighed in on the company. Deutsche Bank AG reissued a “buy” rating and issued a $77.00 target price (down previously from $84.00) on shares of Dollar General Corp. in a report on Wednesday, October 12th. KeyCorp assumed coverage on Dollar General Corp. in a report on Wednesday, October 12th. They issued a “sector weight” rating on the stock. Credit Suisse Group AG set a $70.00 price objective on Dollar General Corp. and gave the stock a “hold” rating in a research note on Wednesday, October 5th. Barclays PLC assumed coverage on Dollar General Corp. in a research note on Friday, September 23rd. They issued an “equal weight” rating and a $74.00 price objective on the stock. Finally, Macquarie reaffirmed an “outperform” rating and issued a $92.00 price objective on shares of Dollar General Corp. in a research note on Wednesday, September 14th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Dollar General Corp. has a consensus rating of “Buy” and an average target price of $89.42.
In other news, Director Michael M. Calbert bought 13,000 shares of Dollar General Corp. stock in a transaction on Tuesday, August 30th. The stock was acquired at an average price of $75.53 per share, with a total value of $981,890.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William C. Rhodes III bought 5,000 shares of Dollar General Corp. stock in a transaction on Friday, August 26th. The shares were purchased at an average cost of $76.30 per share, with a total value of $381,500.00. The disclosure for this purchase can be found here. Company 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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