First Mercantile Trust Co. cut its stake in Dollar General Corporation (NYSE:DG) by 18.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,819 shares of the company’s stock after selling 3,801 shares during the period. First Mercantile Trust Co.’s holdings in Dollar General Corporation were worth $1,212,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of DG. Alpha Windward LLC raised its stake in Dollar General Corporation by 2.4% in the first quarter. Alpha Windward LLC now owns 1,844 shares of the company’s stock valued at $129,000 after buying an additional 44 shares during the last quarter. Huntington National Bank raised its stake in Dollar General Corporation by 4.0% in the second quarter. Huntington National Bank now owns 1,965 shares of the company’s stock valued at $142,000 after buying an additional 75 shares during the last quarter. Harbour Capital Advisors LLC raised its stake 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 valued at $150,000 after buying an additional 10,664 shares during the last quarter. Summit Securities Group LLC purchased a new stake in Dollar General Corporation during the second quarter valued at $226,000. Finally, National Asset Management Inc. raised its stake 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 last quarter. 88.66% of the stock is currently owned by institutional investors and hedge funds.
Dollar General Corporation (NYSE DG) opened at 75.49 on Friday. The stock’s 50 day moving average is $72.64 and its 200 day moving average is $72.65. The company has a market capitalization of $20.70 billion, a PE ratio of 17.07 and a beta of 0.93. Dollar General Corporation has a 52 week low of $65.97 and a 52 week high of $92.65.
Dollar General Corporation (NYSE:DG) last released its quarterly earnings data on Thursday, June 1st. The company reported $1.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.03. The firm had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.59 billion. Dollar General Corporation had a return on equity of 23.07% and a net margin of 5.53%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.03 earnings per share. Analysts predict that Dollar General Corporation will post $4.50 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 25th. Investors of record on Tuesday, July 11th were issued a dividend of $0.26 per share. The ex-dividend date was Friday, July 7th. This represents a $1.04 annualized dividend and a yield of 1.38%. Dollar General Corporation’s dividend payout ratio (DPR) is currently 23.48%.
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Several equities research analysts have recently weighed in on DG shares. Gordon Haskett raised shares of Dollar General Corporation from a “reduce” rating to an “accumulate” rating in a report on Thursday, June 1st. Johnson Rice upgraded shares of Dollar General Corporation from an “accumulate” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research upgraded shares of Dollar General Corporation from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research report on Friday, June 9th. Jefferies Group LLC reiterated a “hold” rating and set a $68.00 price target on shares of Dollar General Corporation in a research report on Wednesday, April 19th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $79.00 price target (up previously from $78.00) on shares of Dollar General Corporation in a research report on Saturday, June 3rd. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus 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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