Prudential Financial Inc. Has $32.68 Million Stake in Dollar General Corporation (DG)
Prudential Financial Inc. raised its stake in Dollar General Corporation (NYSE:DG) by 27.3% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 453,353 shares of the company’s stock after buying an additional 97,120 shares during the period. Prudential Financial Inc. owned 0.17% of Dollar General Corporation worth $32,682,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Wrapmanager Inc. boosted its position in Dollar General Corporation by 15.1% in the first quarter. Wrapmanager Inc. now owns 3,566 shares of the company’s stock worth $249,000 after buying an additional 469 shares during the period. Trust Investment Advisors boosted its position in Dollar General Corporation by 10.2% in the first quarter. Trust Investment Advisors now owns 15,175 shares of the company’s stock worth $1,058,000 after buying an additional 1,400 shares during the period. ING Groep NV boosted its position in Dollar General Corporation by 29.0% in the first quarter. ING Groep NV now owns 6,310 shares of the company’s stock worth $440,000 after buying an additional 1,417 shares during the period. Amica Mutual Insurance Co. boosted its position in Dollar General Corporation by 55.9% in the first quarter. Amica Mutual Insurance Co. now owns 56,120 shares of the company’s stock worth $3,913,000 after buying an additional 20,133 shares during the period. Finally, Amica Retiree Medical Trust boosted its position in Dollar General Corporation by 56.5% in the first quarter. Amica Retiree Medical Trust now owns 6,321 shares of the company’s stock worth $441,000 after buying an additional 2,281 shares during the period. Institutional investors and hedge funds own 90.28% of the company’s stock.
Dollar General Corporation (NYSE DG) opened at 72.54 on Friday. Dollar General Corporation has a one year low of $65.97 and a one year high of $80.67. The company has a market capitalization of $19.89 billion, a P/E ratio of 16.40 and a beta of 0.94. The company’s 50-day moving average is $74.57 and its 200 day moving average is $72.84.
Dollar General Corporation (NYSE:DG) last released its quarterly earnings data on Thursday, August 31st. The company reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $5.83 billion during the quarter, compared to analysts’ expectations of $5.80 billion. During the same period last year, the business earned $1.08 earnings per share. Dollar General Corporation’s revenue was up 8.1% compared to the same quarter last year. On average, equities analysts anticipate that Dollar General Corporation will post $4.51 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 24th. Investors of record on Tuesday, October 10th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Friday, October 6th. Dollar General Corporation’s payout ratio is currently 23.48%.
A number of research analysts recently weighed in on DG shares. Gordon Haskett upgraded shares of Dollar General Corporation from a “reduce” rating to an “accumulate” rating in a research note on Thursday, June 1st. Zacks Investment Research upgraded shares of Dollar General Corporation from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a research note on Friday, June 9th. Johnson Rice upgraded shares of Dollar General Corporation from an “accumulate” rating to a “buy” rating in a research note on Friday, June 2nd. Bank of America Corporation restated a “buy” rating and set a $90.00 target price on shares of Dollar General Corporation in a research note on Friday, August 25th. Finally, BidaskClub upgraded shares of Dollar General Corporation from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $80.84.
Dollar General Corporation Company 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.
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