Diversified Trust Co acquired a new stake in Dollar General Corp. (NYSE:DG) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,260 shares of the company’s stock, valued at approximately $303,000.
Several other large investors have also recently bought and sold shares of the company. State of Alaska Department of Revenue boosted its stake in shares of Dollar General by 213.4% in the 4th quarter. State of Alaska Department of Revenue now owns 24,980 shares of the company’s stock valued at $2,322,000 after purchasing an additional 17,010 shares during the last quarter. Frontier Capital Management Co. LLC lifted its position in shares of Dollar General by 1.3% during the 4th quarter. Frontier Capital Management Co. LLC now owns 1,599,203 shares of the company’s stock valued at $148,742,000 after acquiring an additional 19,933 shares during the period. Fox Run Management L.L.C. acquired a new position in shares of Dollar General during the 4th quarter valued at $446,000. Acadian Asset Management LLC acquired a new position in shares of Dollar General during the 4th quarter valued at $607,000. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of Dollar General by 3.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,026,424 shares of the company’s stock valued at $95,468,000 after acquiring an additional 31,076 shares during the period. 90.37% of the stock is currently owned by institutional investors.
A number of research firms recently issued reports on DG. Citigroup began coverage on shares of Dollar General in a research report on Tuesday, January 16th. They set an “outperform” rating and a $112.00 target price on the stock. BMO Capital Markets reiterated a “hold” rating on shares of Dollar General in a research report on Wednesday, September 27th. Buckingham Research reiterated a “neutral” rating and set a $98.00 target price (up previously from $93.00) on shares of Dollar General in a research report on Thursday, January 11th. Oppenheimer began coverage on shares of Dollar General in a research report on Wednesday. They set an “outperform” rating and a $112.00 target price on the stock. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $85.00 target price on shares of Dollar General in a research report on Friday, September 29th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $88.52.
Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, December 7th. The company reported $0.93 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.01). Dollar General had a return on equity of 22.58% and a net margin of 5.31%. The business had revenue of $5.90 billion for the quarter, compared to analyst estimates of $5.80 billion. During the same quarter in the previous year, the company posted $0.89 EPS. The business’s quarterly revenue was up 11.0% on a year-over-year basis. equities analysts forecast that Dollar General Corp. will post 4.49 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 9th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Monday, January 8th. This represents a $1.04 annualized dividend and a yield of 1.02%. Dollar General’s payout ratio is 23.06%.
In other news, EVP Robert D. Ravener sold 11,368 shares of the stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $92.81, for a total value of $1,055,064.08. Following the completion of the sale, the executive vice president now owns 22,598 shares in the company, valued at $2,097,320.38. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Michael J. Kindy sold 7,536 shares of the stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $90.64, for a total transaction of $683,063.04. Following the completion of the sale, the senior vice president now owns 7,578 shares of the company’s stock, valued at approximately $686,869.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,916 shares of company stock worth $1,924,881. Corporate 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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