State of Wisconsin Investment Board Decreases Holdings in Dollar General Corporation (DG)
State of Wisconsin Investment Board lowered its position in Dollar General Corporation (NYSE:DG) by 35.0% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 254,235 shares of the company’s stock after selling 136,673 shares during the period. State of Wisconsin Investment Board owned 0.09% of Dollar General Corporation worth $20,606,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Bank of Montreal Can raised its holdings in shares of Dollar General Corporation by 68.1% during the 2nd quarter. Bank of Montreal Can now owns 392,478 shares of the company’s stock worth $28,293,000 after acquiring an additional 159,036 shares during the period. Gateway Investment Advisers LLC raised its holdings in shares of Dollar General Corporation by 0.3% during the 2nd quarter. Gateway Investment Advisers LLC now owns 15,636 shares of the company’s stock worth $1,127,000 after acquiring an additional 53 shares during the period. NN Investment Partners Holdings N.V. raised its holdings in shares of Dollar General Corporation by 2.2% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 52,375 shares of the company’s stock worth $3,776,000 after acquiring an additional 1,120 shares during the period. Mn Services Vermogensbeheer B.V. raised its holdings in shares of Dollar General Corporation by 496.9% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 44,851 shares of the company’s stock worth $3,233,000 after acquiring an additional 37,337 shares during the period. Finally, OLD National Bancorp IN purchased a new position in shares of Dollar General Corporation during the 2nd quarter worth $600,000. Institutional investors own 91.65% of the company’s stock.
Dollar General Corporation (NYSE DG) opened at $84.15 on Friday. Dollar General Corporation has a 52-week low of $65.97 and a 52-week high of $85.07. The company has a market capitalization of $22,994.75, a PE ratio of 18.66, a PEG ratio of 1.74 and a beta of 0.93. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.18 and a current ratio of 1.42.
Dollar General Corporation (NYSE:DG) last announced its quarterly earnings data on Thursday, August 31st. The company reported $1.10 EPS for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.01. Dollar General Corporation had a return on equity of 22.67% and a net margin of 5.38%. The business had revenue of $5.83 billion during the quarter, compared to the consensus estimate of $5.80 billion. During the same period in the previous year, the company posted $1.08 earnings per share. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. research analysts predict that Dollar General Corporation will post 4.5 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 24th. Stockholders of record on Tuesday, October 10th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend was Friday, October 6th. Dollar General Corporation’s dividend payout ratio is presently 23.48%.
In other news, EVP Robert D. Ravener sold 11,257 shares of the business’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $77.00, for a total transaction of $866,789.00. Following the completion of the transaction, the executive vice president now directly owns 22,598 shares of the company’s stock, valued at $1,740,046. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.22% of the company’s stock.
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Several research analysts have recently commented on the company. Zacks Investment Research lowered Dollar General Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. BMO Capital Markets reiterated a “hold” rating on shares of Dollar General Corporation in a report on Wednesday, September 27th. Wells Fargo & Company assumed coverage on Dollar General Corporation in a report on Friday, November 3rd. They set an “underperform” rating and a $72.00 price target on the stock. KeyCorp reiterated a “hold” rating on shares of Dollar General Corporation in a report on Friday. Finally, Buckingham Research restated a “neutral” rating and issued a $75.00 price objective on shares of Dollar General Corporation in a report on Monday, August 7th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Dollar General Corporation has an average rating of “Hold” and an average price target of $79.84.
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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