Prudential Financial Inc. Raises Stake in Dollar General Corp. (DG)
Prudential Financial Inc. raised its position in Dollar General Corp. (NYSE:DG) by 11.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 399,899 shares of the company’s stock after buying an additional 42,000 shares during the period. Prudential Financial Inc. owned approximately 0.14% of Dollar General Corp. worth $37,590,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Sigma Planning Corp purchased a new stake in shares of Dollar General Corp. during the second quarter worth $200,000. Burns J W & Co. Inc. NY purchased a new stake in shares of Dollar General Corp. during the second quarter worth $203,000. Checchi Capital Advisers LLC raised its stake in shares of Dollar General Corp. by 2.0% in the second quarter. Checchi Capital Advisers LLC now owns 2,219 shares of the company’s stock worth $209,000 after buying an additional 43 shares during the last quarter. Thompson Davis & CO. Inc. raised its stake in shares of Dollar General Corp. by 4.2% in the second quarter. Thompson Davis & CO. Inc. now owns 2,222 shares of the company’s stock worth $209,000 after buying an additional 90 shares during the last quarter. Finally, Alpha Windward LLC raised its stake in shares of Dollar General Corp. by 19.5% in the second quarter. Alpha Windward LLC now owns 2,240 shares of the company’s stock worth $211,000 after buying an additional 365 shares during the last quarter. Institutional investors own 85.31% of the company’s stock.
Shares of Dollar General Corp. (NYSE:DG) traded down 0.29% during midday trading on Monday, hitting $71.70. 1,529,224 shares of the stock were exchanged. The stock’s 50-day moving average price is $85.57 and its 200 day moving average price is $86.11. Dollar General Corp. has a one year low of $59.75 and a one year high of $96.88. The stock has a market cap of $20.20 billion, a P/E ratio of 16.77 and a beta of 0.63.
Dollar General Corp. (NYSE:DG) last announced its earnings results on Thursday, August 25th. The company reported $1.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.09 by $0.01. The company earned $5.39 billion during the quarter, compared to the consensus estimate of $5.50 billion. Dollar General Corp. had a net margin of 5.86% and a return on equity of 22.95%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.95 EPS. On average, analysts anticipate that Dollar General Corp. will post $4.50 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 28th. Investors of record on Wednesday, September 14th will be given a $0.25 dividend. The ex-dividend date is Monday, September 12th. This represents a $1.00 dividend on an annualized basis and a yield of 1.39%. Dollar General Corp.’s dividend payout ratio is presently 23.42%.
A number of research analysts recently commented on DG shares. Macquarie reaffirmed an “outperform” rating and issued a $92.00 target price on shares of Dollar General Corp. in a research report on Wednesday, September 14th. Jefferies Group reaffirmed a “hold” rating on shares of Dollar General Corp. in a research report on Monday, September 12th. Wolfe Research downgraded shares of Dollar General Corp. from a “market perform” rating to an “underperform” rating in a research report on Wednesday, September 7th. Argus reissued a “hold” rating on shares of Dollar General Corp. in a research report on Wednesday, September 7th. Finally, Goldman Sachs Group Inc. downgraded shares of Dollar General Corp. from a “buy” rating to a “neutral” rating and set a $84.00 price objective on the stock. in a research report on Tuesday, September 6th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $90.33.
In other Dollar General Corp. news, Director Michael M. Calbert purchased 13,000 shares of the business’s stock in a transaction on Tuesday, August 30th. The stock was bought at an average cost of $75.53 per share, with a total value of $981,890.00. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director William C. Rhodes III purchased 5,000 shares of the business’s stock in a transaction on Friday, August 26th. The stock was acquired at an average cost of $76.30 per share, with a total value of $381,500.00. The disclosure for this purchase can be found here. 0.22% of the stock is currently owned by corporate insiders.
About Dollar General Corp.
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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