Dollar General Corporation (DG) Position Boosted by ZWJ Investment Counsel Inc.
ZWJ Investment Counsel Inc. increased its stake in shares of Dollar General Corporation (NYSE:DG) by 2.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 253,954 shares of the company’s stock after buying an additional 5,813 shares during the period. Dollar General Corporation comprises approximately 1.5% of ZWJ Investment Counsel Inc.’s portfolio, making the stock its 28th largest position. ZWJ Investment Counsel Inc.’s holdings in Dollar General Corporation were worth $18,308,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. raised its position in Dollar General Corporation by 4,173.7% in the first quarter. BlackRock Inc. now owns 22,144,062 shares of the company’s stock worth $1,544,106,000 after buying an additional 21,625,909 shares in the last quarter. Longview Partners Guernsey LTD purchased a new stake in Dollar General Corporation during the second quarter worth $577,548,000. Caisse DE Depot ET Placement DU Quebec increased its stake in Dollar General Corporation by 281.5% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,740,089 shares of the company’s stock worth $330,886,000 after buying an additional 3,497,733 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Dollar General Corporation by 20.5% in the first quarter. Bank of New York Mellon Corp now owns 8,215,436 shares of the company’s stock worth $572,863,000 after buying an additional 1,398,043 shares during the last quarter. Finally, Epoch Investment Partners Inc. increased its stake in Dollar General Corporation by 7,543.4% in the first quarter. Epoch Investment Partners Inc. now owns 1,318,717 shares of the company’s stock worth $91,954,000 after buying an additional 1,301,464 shares during the last quarter. 88.99% of the stock is currently owned by institutional investors and hedge funds.
Dollar General Corporation (DG) opened at 73.82 on Friday. The stock’s 50 day moving average price is $73.20 and its 200-day moving average price is $72.75. Dollar General Corporation has a 52 week low of $65.97 and a 52 week high of $92.01. The company has a market cap of $20.24 billion, a price-to-earnings ratio of 16.69 and a beta of 0.93.
Dollar General Corporation (NYSE:DG) last posted its quarterly earnings data on Thursday, June 1st. The company reported $1.03 EPS for the quarter, beating the consensus estimate of $1.00 by $0.03. Dollar General Corporation had a return on equity of 23.07% and a net margin of 5.53%. The business had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.59 billion. During the same quarter in the prior year, the business earned $1.03 earnings per share. Dollar General Corporation’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities research analysts forecast that Dollar General Corporation will post $4.50 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 25th. Investors of record on Tuesday, July 11th were paid a $0.26 dividend. The ex-dividend date was Friday, July 7th. This represents a $1.04 annualized dividend and a yield of 1.41%. Dollar General Corporation’s payout ratio is 23.48%.
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DG has been the subject of a number of recent research reports. Deutsche Bank AG restated a “hold” rating and set a $79.00 target price (up previously from $78.00) on shares of Dollar General Corporation in a research report on Saturday, June 3rd. Jefferies Group LLC reiterated a “hold” rating and issued a $68.00 price objective on shares of Dollar General Corporation in a report on Wednesday, July 19th. Royal Bank Of Canada upped their price objective on Dollar General Corporation from $81.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded Dollar General Corporation from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a report on Friday, June 9th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $88.00 price objective on shares of Dollar General Corporation in a report on Wednesday, May 17th. Two investment 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. The stock presently has a consensus 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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