Longview Partners Guernsey LTD lifted its stake in shares of Dollar General Corporation (NYSE:DG) by 41.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,321,660 shares of the company’s stock after acquiring an additional 3,310,168 shares during the quarter. Dollar General Corporation accounts for 5.0% of Longview Partners Guernsey LTD’s portfolio, making the stock its 7th largest holding. Longview Partners Guernsey LTD owned 4.14% of Dollar General Corporation worth $917,621,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in DG. Ameriprise Financial Inc. boosted its stake in shares of Dollar General Corporation by 115.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,573,530 shares of the company’s stock worth $257,611,000 after acquiring an additional 1,914,303 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Dollar General Corporation by 1,959.3% during the 2nd quarter. Janus Henderson Group PLC now owns 1,705,909 shares of the company’s stock worth $122,980,000 after acquiring an additional 1,623,070 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of Dollar General Corporation by 363.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,968,047 shares of the company’s stock worth $141,877,000 after acquiring an additional 1,543,619 shares in the last quarter. FMR LLC boosted its stake in shares of Dollar General Corporation by 29.4% during the 2nd quarter. FMR LLC now owns 5,915,175 shares of the company’s stock worth $426,424,000 after acquiring an additional 1,345,562 shares in the last quarter. Finally, BT Investment Management Ltd bought a new stake in shares of Dollar General Corporation during the 2nd quarter worth $86,708,000. 90.35% of the stock is owned by institutional investors and hedge funds.
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In related news, EVP Robert D. Ravener sold 11,257 shares of the company’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $77.00, for a total value 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 approximately $1,740,046. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.22% of the stock is currently owned by corporate insiders.
Several equities research analysts have recently weighed in on DG shares. Zacks Investment Research raised Dollar General Corporation from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research note on Monday, August 28th. BidaskClub raised Dollar General Corporation from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Bank of America Corporation reissued a “buy” rating and set a $90.00 price objective on shares of Dollar General Corporation in a research note on Friday, August 25th. Citigroup Inc. raised their price objective on Dollar General Corporation from $87.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, September 13th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $85.00 price objective on shares of Dollar General Corporation in a research note on Friday, September 29th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $80.21.
Shares of Dollar General Corporation (DG) traded down 0.32% during mid-day trading on Wednesday, hitting $80.58. The company had a trading volume of 643,269 shares. The company has a market capitalization of $22.02 billion, a P/E ratio of 18.26 and a beta of 0.96. Dollar General Corporation has a one year low of $65.97 and a one year high of $85.07. The firm’s 50-day moving average price is $80.68 and its 200 day moving average price is $75.15.
Dollar General Corporation (NYSE:DG) last announced its earnings results on Thursday, August 31st. The company reported $1.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.01. The firm had revenue of $5.83 billion during the quarter, compared to analyst estimates of $5.80 billion. Dollar General Corporation had a net margin of 5.38% and a return on equity of 22.67%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.08 EPS. Analysts predict that Dollar General Corporation will post $4.51 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 24th. Investors of record on Tuesday, October 10th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date was Friday, October 6th. Dollar General Corporation’s payout ratio is presently 23.48%.
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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