Jackson Square Partners LLC lifted its stake in Dollar General Corp. (NYSE:DG) by 12.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,785,080 shares of the company’s stock after purchasing an additional 415,584 shares during the period. Dollar General comprises about 1.5% of Jackson Square Partners LLC’s investment portfolio, making the stock its 26th largest position. Jackson Square Partners LLC owned 1.39% of Dollar General worth $306,780,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also modified their holdings of the business. Psagot Investment House Ltd. raised its position in Dollar General by 10.8% during the 3rd quarter. Psagot Investment House Ltd. now owns 28,298 shares of the company’s stock worth $2,294,000 after buying an additional 2,764 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Dollar General by 2.5% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 129,981 shares of the company’s stock valued at $10,535,000 after purchasing an additional 3,121 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Dollar General by 33.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 8,000 shares of the company’s stock valued at $655,000 after purchasing an additional 2,000 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of Dollar General by 5.2% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 37,172 shares of the company’s stock valued at $3,013,000 after purchasing an additional 1,851 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its stake in Dollar General by 2.3% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,888,589 shares of the company’s stock valued at $642,060,000 after acquiring an additional 178,400 shares during the period. Institutional investors own 89.90% of the company’s stock.
Shares of Dollar General Corp. (NYSE:DG) traded up $0.48 during trading hours on Thursday, reaching $90.85. 3,743,000 shares of the company’s stock were exchanged, compared to its average volume of 2,845,262. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 0.18. The stock has a market capitalization of $24,694.42, a price-to-earnings ratio of 20.04, a PEG ratio of 1.78 and a beta of 0.96. Dollar General Corp. has a one year low of $65.97 and a one year high of $92.11.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 9th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.14%. Dollar General’s dividend payout ratio is presently 23.48%.
Several brokerages have issued reports on DG. Moffett Nathanson began coverage on shares of Dollar General in a research note on Monday. They set a “neutral” rating on the stock. Raymond James Financial reiterated a “buy” rating on shares of Dollar General in a report on Sunday. UBS reiterated a “buy” rating and set a $99.00 price target (up previously from $85.00) on shares of Dollar General in a report on Monday. MKM Partners boosted their price objective on shares of Dollar General to $96.00 and gave the company a “buy” rating in a report on Monday, November 20th. Finally, Deutsche Bank upgraded shares of Dollar General from a “hold” rating to a “buy” rating and boosted their price objective for the company from $79.00 to $93.00 in a report on Wednesday, November 15th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $82.93.
In other news, EVP Robert D. Ravener sold 11,257 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 22,598 shares of the company’s stock, valued at $1,740,046. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.22% of the company’s stock.
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Dollar General 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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