Nissay Asset Management Corp Japan ADV lessened its stake in Dollar General Corp. (NYSE:DG) by 4.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,513 shares of the company’s stock after selling 1,704 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Dollar General were worth $3,946,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Oregon Public Employees Retirement Fund increased its position in Dollar General by 10,128.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,752,166 shares of the company’s stock worth $90,000 after purchasing an additional 9,656,820 shares during the period. Bank of New York Mellon Corp increased its position in Dollar General by 23,132.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,356,904 shares of the company’s stock worth $366,909,000 after purchasing an additional 3,342,455 shares during the period. Brown Brothers Harriman & Co. acquired a new position in Dollar General during the 3rd quarter worth approximately $108,509,000. Alecta Pensionsforsakring Omsesidigt acquired a new position in Dollar General during the 3rd quarter worth approximately $98,907,000. Finally, FMR LLC increased its position in Dollar General by 10.5% during the 2nd quarter. FMR LLC now owns 5,506,743 shares of the company’s stock worth $542,965,000 after purchasing an additional 523,870 shares during the period. Hedge funds and other institutional investors own 99.48% of the company’s stock.
In other news, EVP Robert D. Ravener sold 32,492 shares of the business’s stock in a transaction that occurred on Tuesday, January 8th. The stock was sold at an average price of $111.63, for a total transaction of $3,627,081.96. Following the sale, the executive vice president now owns 33,307 shares of the company’s stock, valued at approximately $3,718,060.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.41% of the stock is owned by insiders.
Dollar General (NYSE:DG) last announced its quarterly earnings results on Tuesday, December 4th. The company reported $1.26 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.26. The business had revenue of $6.42 billion for the quarter, compared to analyst estimates of $6.38 billion. Dollar General had a return on equity of 24.03% and a net margin of 7.24%. The company’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.93 EPS. Analysts expect that Dollar General Corp. will post 6.01 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 22nd. Stockholders of record on Tuesday, January 8th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 0.97%. The ex-dividend date was Monday, January 7th. Dollar General’s dividend payout ratio (DPR) is 25.84%.
Several equities analysts have issued reports on DG shares. Morgan Stanley set a $115.00 target price on Dollar General and gave the stock a “buy” rating in a research report on Wednesday, December 26th. ValuEngine upgraded Dollar General from a “hold” rating to a “buy” rating in a research report on Wednesday, December 26th. Citigroup dropped their target price on Dollar General from $133.00 to $120.00 and set a “buy” rating on the stock in a research report on Monday, December 10th. Credit Suisse Group set a $108.00 target price on Dollar General and gave the stock a “hold” rating in a research report on Tuesday, December 4th. Finally, Zacks Investment Research cut Dollar General from a “buy” rating to a “hold” rating in a research report on Wednesday, November 28th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $111.58.
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Dollar General Profile
Dollar General Corp. engages in retailing of merchandise, including consumables, seasonal, home products, and apparel. Its brands include Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo The company was founded by J. L.
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