Mutual of America Capital Management LLC Has $2.22 Million Position in Dollar General Corporation (DG)
Mutual of America Capital Management LLC boosted its stake in shares of Dollar General Corporation (NYSE:DG) by 0.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,793 shares of the company’s stock after acquiring an additional 17 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Dollar General Corporation were worth $2,220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Venturi Wealth Management LLC bought a new stake in Dollar General Corporation in the 1st quarter worth $290,000. Westpac Banking Corp raised its stake in shares of Dollar General Corporation by 76.4% during the first quarter. Westpac Banking Corp now owns 972,828 shares of the company’s stock valued at $70,838,000 after acquiring an additional 421,427 shares during the last quarter. Sigma Planning Corp bought a new position in shares of Dollar General Corporation during the second quarter valued at about $202,000. BlackRock Inc. raised its stake in shares of Dollar General Corporation by 4,173.7% during the first quarter. BlackRock Inc. now owns 22,144,062 shares of the company’s stock valued at $1,544,106,000 after acquiring an additional 21,625,909 shares during the last quarter. Finally, Credit Suisse AG raised its stake in shares of Dollar General Corporation by 16.7% during the first quarter. Credit Suisse AG now owns 658,667 shares of the company’s stock valued at $45,928,000 after acquiring an additional 94,260 shares during the last quarter. Institutional investors and hedge funds own 90.51% of the company’s stock.
In other news, EVP Robert D. Ravener sold 11,257 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $77.00, for a total value of $866,789.00. Following the completion of the sale, the executive vice president now owns 22,598 shares in the company, valued at approximately $1,740,046. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.22% of the company’s stock.
DG has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Dollar General Corporation from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a report on Friday, June 9th. Bank of America Corporation reissued a “buy” rating and issued a $90.00 target price on shares of Dollar General Corporation in a research note on Friday, August 25th. BidaskClub upgraded Dollar General Corporation from a “hold” rating to a “buy” rating in a report on Friday, August 25th. Citigroup Inc. boosted their price target on Dollar General Corporation from $87.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, September 13th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $85.00 price target on shares of Dollar General Corporation in a research report on Friday. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company’s stock. Dollar General Corporation presently has a consensus rating of “Hold” and an average target price of $80.79.
Dollar General Corporation (DG) opened at 81.90 on Tuesday. The firm’s 50-day moving average price is $76.71 and its 200-day moving average price is $73.27. The stock has a market cap of $22.38 billion, a PE ratio of 18.55 and a beta of 0.96. Dollar General Corporation has a 52 week low of $65.97 and a 52 week high of $81.92.
Dollar General Corporation (NYSE:DG) last released its quarterly earnings data on Thursday, August 31st. The company reported $1.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.01. Dollar General Corporation had a net margin of 5.38% and a return on equity of 22.67%. The company had revenue of $5.83 billion during the quarter, compared to analyst estimates of $5.80 billion. During the same period in the prior year, the firm earned $1.08 earnings per share. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. Equities analysts predict that Dollar General Corporation will post $4.51 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 24th. Shareholders of record on Tuesday, October 10th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Friday, October 6th. Dollar General Corporation’s dividend payout ratio (DPR) is 23.48%.
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.
Receive News & Ratings for Dollar General Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar General Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.