Bp Plc purchased a new position in Dollar General Corporation (NYSE:DG) during the second quarter, according to its most recent disclosure with the SEC. The fund purchased 30,000 shares of the company’s stock, valued at approximately $2,163,000.
Several other institutional investors have also recently added to or reduced their stakes in the company. Alpha Windward LLC increased its position in Dollar General Corporation by 2.4% in the first quarter. Alpha Windward LLC now owns 1,844 shares of the company’s stock worth $129,000 after buying an additional 44 shares during the period. Huntington National Bank increased its position in Dollar General Corporation by 4.0% in the second quarter. Huntington National Bank now owns 1,965 shares of the company’s stock worth $142,000 after buying an additional 75 shares during the period. Harbour Capital Advisors LLC increased its position in Dollar General Corporation by 7,109.3% in the second quarter. Harbour Capital Advisors LLC now owns 10,814 shares of the company’s stock worth $150,000 after buying an additional 10,664 shares during the period. National Asset Management Inc. increased its position in Dollar General Corporation by 8.6% in the first quarter. National Asset Management Inc. now owns 3,273 shares of the company’s stock valued at $230,000 after buying an additional 258 shares during the period. Finally, Wrapmanager Inc. increased its position in Dollar General Corporation by 15.1% in the first quarter. Wrapmanager Inc. now owns 3,566 shares of the company’s stock valued at $249,000 after buying an additional 469 shares during the period. Hedge funds and other institutional investors own 88.66% of the company’s stock.
Shares of Dollar General Corporation (NYSE:DG) opened at 75.58 on Friday. The company has a market capitalization of $20.73 billion, a PE ratio of 17.09 and a beta of 0.93. Dollar General Corporation has a one year low of $65.97 and a one year high of $93.11. The stock has a 50 day moving average price of $72.51 and a 200 day moving average price of $72.61.
Dollar General Corporation (NYSE:DG) last issued its quarterly earnings results on Thursday, June 1st. The company reported $1.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.03. The firm had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.59 billion. Dollar General Corporation had a net margin of 5.53% and a return on equity of 23.07%. Dollar General Corporation’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company posted $1.03 EPS. On average, equities research analysts predict that Dollar General Corporation will post $4.50 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 25th. Investors of record on Tuesday, July 11th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date was Friday, July 7th. Dollar General Corporation’s dividend payout ratio is presently 23.48%.
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DG has been the topic of several analyst reports. Buckingham Research reiterated a “neutral” rating and set a $75.00 target price on shares of Dollar General Corporation in a research report on Tuesday, April 18th. Jefferies Group LLC reiterated a “hold” rating and set a $68.00 target price on shares of Dollar General Corporation in a research report on Wednesday, April 19th. Gordon Haskett initiated coverage on Dollar General Corporation in a research report on Tuesday, May 9th. They set a “reduce” rating and a $67.00 target price on the stock. Sanford C. Bernstein reiterated an “outperform” rating and set a $88.00 target price on shares of Dollar General Corporation in a research report on Wednesday, May 17th. Finally, Zacks Investment Research upgraded Dollar General Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, May 24th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eleven have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $80.89.
About Dollar General Corporation
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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