Cornerstone Advisory LLC acquired a new stake in Dollar General Co. (NYSE: DG – Get Rating) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 466 shares of the company stock, valued at approximately $ 110,000.
A number of other institutional investors have also recently made changes to their positions in DG. State Street Corp boosted its stake in Dollar General by 1.8% in the fourth quarter. State Street Corp now owns 9,983,184 shares of the company stock valued at $ 2,354,334,000 after acquiring an additional 176,588 shares during the period. Capital International Investors boosted its stake in Dollar General by 13.6% in the fourth quarter. Capital International Investors now owns 7,176,545 shares of the company stock valued at $ 1,692,445,000 after acquiring an additional 860,616 shares during the period. Geode Capital Management LLC boosted its stake in Dollar General by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 3,996,693 shares of the company stock valued at $ 939,948,000 after acquiring an additional 16,098 shares during the period. Janus Henderson Group PLC boosted its stake in Dollar General by 1.2% in the third quarter. Janus Henderson Group PLC now owns 2,562,689 shares of the company stock valued at $ 543,649,000 after acquiring an additional 31,294 shares during the period. Finally, Morgan Stanley boosted its stake in Dollar General by 5.0% in the second quarter. Morgan Stanley now owns 2,198,711 shares of the company stock valued at $ 475,781,000 after acquiring an additional 104,939 shares during the period. 94.86% of the stock is owned by hedge funds and other institutional investors.
In other news, CAO Anita C. Elliott sold 7,502 shares of Dollar General stock in a transaction dated Wednesday, April 6th. The shares were sold at an average price of $ 235.70, for a total value of $ 1,768,221.40. Following the completion of the transaction, the chief accounting officer now owns 16,279 shares of the company stock, valued at approximately $ 3,836,960.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Patricia Filikrushel sold 5,289 shares of Dollar General stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $ 221.59, for a total transaction of $ 1,171,989.51. Following the sale, the director now directly owns 22,793 shares of the company stock, valued at approximately $ 5,050,700.87. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,806 shares of company stock worth $ 5,827,797. Insiders own 0.73% of the company stock.
Shares of NYSE: DG opened at $ 230.80 on Friday. Dollar General Co. has a 12 month low of $ 183.25 and a 12 month high of $ 262.20. The stock has a market cap of $ 52.39 billion, a price-to-earnings ratio of 23.67, a PEG ratio of 1.74 and a beta of 0.52. The stock’s 50 day moving average price is $ 231.75 and its 200 day moving average price is $ 222.08. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.97 and a quick ratio of 0.09.
Dollar General (NYSE: DG – Get Rating) last posted its quarterly earnings results on Thursday, May 26th. The company reported $ 2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $ 2.31 by $ 0.10. The company had revenue of $ 8.75 billion for the quarter, compared to analysts’ expectations of $ 8.71 billion. Dollar General had a return on equity of 37.05% and a net margin of 6.58%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $ 2.82 earnings per share. On average, sell-side analysts expect that Dollar General Co. will post 11.48 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 19th. Stockholders of record on Tuesday, July 5th will be paid a dividend of $ 0.55 per share. The ex-dividend date of this dividend is Friday, July 1st. This represents a $ 2.20 annualized dividend and a dividend yield of 0.95%. Dollar General’s dividend payout ratio (DPR) is currently 22.56%.
A number of brokerages have commented on DG. Oppenheimer lifted their target price on Dollar General to $ 240.00 in a research note on Thursday, May 26th. Deutsche Bank Aktiengesellschaft reduced their price objective on Dollar General from $ 242.00 to $ 234.00 in a research report on Wednesday, May 25th. Raymond James reiterated a “buy” rating and set a $ 260.00 price objective on shares of Dollar General in a research report on Friday, March 18th. Telsey Advisory Group reduced their price objective on Dollar General from $ 265.00 to $ 230.00 and set an “outperform” rating for the company in a research report on Tuesday, May 24th. Finally, Piper Sandler reduced their price target on Dollar General from $ 270.00 to $ 265.00 and set an “overweight” rating for the company in a research report on Friday, March 18th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $ 245.33.
Dollar General Company Profile: (Get Rating)
Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, Midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.
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