Dollar General Corp. (DG) Position Lowered by Marshall Wace LLP
Marshall Wace LLP lessened its position in shares of Dollar General Corp. (NYSE:DG) by 7.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 234,339 shares of the company’s stock after selling 18,104 shares during the quarter. Marshall Wace LLP’s holdings in Dollar General were worth $25,613,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. raised its stake in shares of Dollar General by 1.5% during the 3rd quarter. BlackRock Inc. now owns 19,497,708 shares of the company’s stock worth $2,131,098,000 after acquiring an additional 296,432 shares in the last quarter. Vanguard Group Inc. increased its stake in Dollar General by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 19,201,573 shares of the company’s stock valued at $2,098,732,000 after purchasing an additional 370,008 shares in the last quarter. Polen Capital Management LLC increased its stake in Dollar General by 0.5% during the 3rd quarter. Polen Capital Management LLC now owns 7,049,753 shares of the company’s stock valued at $770,538,000 after purchasing an additional 37,568 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in Dollar General by 12.4% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 6,450,172 shares of the company’s stock valued at $635,987,000 after purchasing an additional 711,483 shares in the last quarter. Finally, FMR LLC increased its stake in Dollar General by 8.9% during the 3rd quarter. FMR LLC now owns 5,996,914 shares of the company’s stock valued at $655,463,000 after purchasing an additional 490,171 shares in the last quarter. Hedge funds and other institutional investors own 94.23% of the company’s stock.
DG has been the topic of a number of recent analyst reports. MKM Partners upped their price target on shares of Dollar General to $117.00 and gave the company a “buy” rating in a research note on Tuesday, August 28th. Deutsche Bank upped their price target on shares of Dollar General from $123.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, August 31st. Guggenheim restated a “buy” rating and set a $115.00 price target on shares of Dollar General in a research note on Monday, August 20th. ValuEngine upgraded shares of Dollar General from a “hold” rating to a “buy” rating in a research note on Saturday, August 18th. Finally, Zacks Investment Research upgraded shares of Dollar General from a “sell” rating to a “buy” rating and set a $115.00 price target on the stock in a research note on Tuesday, August 14th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Dollar General currently has a consensus rating of “Buy” and an average price target of $107.26.
Dollar General (NYSE:DG) last released its quarterly earnings data on Tuesday, December 4th. The company reported $1.26 EPS for the quarter, meeting the consensus estimate of $1.26. The business had revenue of $6.42 billion for the quarter, compared to the consensus estimate of $6.38 billion. Dollar General had a net margin of 7.24% and a return on equity of 24.03%. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.93 EPS. On average, research analysts expect that Dollar General Corp. will post 6 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 22nd. Stockholders of record on Tuesday, January 8th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Monday, January 7th. Dollar General’s dividend payout ratio (DPR) is currently 25.84%.
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About Dollar General
Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, Midwestern, and eastern United States. The company offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food comprising cereals, canned soups 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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