Diversified Trust Co Takes Position in Dollar General Corp. (DG)

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 Corp. (NYSE DG) opened at $101.98 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.19 and a current ratio of 1.41. Dollar General Corp. has a 1-year low of $65.97 and a 1-year high of $102.09. The firm has a market cap of $27,690.00, a price-to-earnings ratio of 22.61, a price-to-earnings-growth ratio of 2.03 and a beta of 0.95.

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.

WARNING: “Diversified Trust Co Takes Position in Dollar General Corp. (DG)” was originally posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this report on another website, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright law. The correct version of this report can be read at https://stocknewstimes.com/2018/01/21/diversified-trust-co-takes-position-in-dollar-general-corp-dg.html.

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.

Institutional Ownership by Quarter for Dollar General (NYSE:DG)

Receive News & Ratings for Dollar General Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar General and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply