Prospera Financial Services Inc reduced its position in shares of Dollar General Corp. (NYSE:DG) by 67.0% during the second quarter, Holdings Channel reports. The fund owned 3,406 shares of the company’s stock after selling 6,914 shares during the period. Prospera Financial Services Inc’s holdings in Dollar General Corp. were worth $320,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in DG. British Airways Pensions Investment Management Ltd raised its position in shares of Dollar General Corp. by 27.1% in the second quarter. British Airways Pensions Investment Management Ltd now owns 340,740 shares of the company’s stock worth $32,157,000 after buying an additional 72,740 shares during the last quarter. Legal & General Group Plc raised its position in shares of Dollar General Corp. by 1.4% in the first quarter. Legal & General Group Plc now owns 1,272,052 shares of the company’s stock worth $108,887,000 after buying an additional 18,068 shares during the last quarter. Royal Bank of Canada raised its position in shares of Dollar General Corp. by 32.9% in the first quarter. Royal Bank of Canada now owns 544,084 shares of the company’s stock worth $46,572,000 after buying an additional 134,621 shares during the last quarter. Orbis Allan Gray Ltd acquired a new position in shares of Dollar General Corp. during the first quarter worth about $195,087,000. Finally, Zurich Insurance Group Ltd FI raised its position in shares of Dollar General Corp. by 41.8% in the first quarter. Zurich Insurance Group Ltd FI now owns 32,502 shares of the company’s stock worth $2,782,000 after buying an additional 9,580 shares during the last quarter. 85.44% of the stock is currently owned by institutional investors.
Shares of Dollar General Corp. (NYSE:DG) traded up 0.28% during midday trading on Friday, reaching $72.09. The company had a trading volume of 2,711,844 shares. The company’s 50-day moving average is $80.67 and its 200-day moving average is $85.88. Dollar General Corp. has a 52-week low of $59.75 and a 52-week high of $96.88. The firm has a market cap of $20.31 billion, a P/E ratio of 16.86 and a beta of 0.63.
Dollar General Corp. (NYSE:DG) last released its earnings results on Thursday, August 25th. The company reported $1.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by $0.01. The firm earned $5.39 billion during the quarter, compared to analyst estimates of $5.50 billion. Dollar General Corp. had a net margin of 5.86% and a return on equity of 22.95%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the business posted $0.95 earnings per share. Equities research analysts expect that Dollar General Corp. will post $4.50 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 28th. Stockholders of record on Wednesday, September 14th will be paid a $0.25 dividend. The ex-dividend date is Monday, September 12th. This represents a $1.00 annualized dividend and a dividend yield of 1.39%. Dollar General Corp.’s dividend payout ratio (DPR) is currently 23.42%.
Several equities research analysts recently issued reports on DG shares. Morgan Stanley reissued a “buy” rating and set a $97.00 price target on shares of Dollar General Corp. in a research report on Sunday, August 28th. Citigroup Inc. upped their price target on Dollar General Corp. from $89.00 to $107.00 and gave the company a “buy” rating in a research report on Wednesday, August 31st. Wolfe Research lowered Dollar General Corp. from a “market perform” rating to an “underperform” rating in a research report on Wednesday, September 7th. Jefferies Group reissued a “hold” rating on shares of Dollar General Corp. in a research report on Monday, September 12th. Finally, Macquarie reissued an “outperform” rating and set a $92.00 price target on shares of Dollar General Corp. in a research report on Wednesday, September 14th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $90.13.
In other news, Director Michael M. Calbert bought 13,000 shares of the stock in a transaction dated Tuesday, August 30th. The stock was bought at an average cost of $75.53 per share, with a total value of $981,890.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William C. Rhodes III bought 5,000 shares of the stock in a transaction dated Friday, August 26th. The stock was purchased at an average cost of $76.30 per share, with a total value of $381,500.00. The disclosure for this purchase can be found here. 0.22% of the stock is owned by insiders.
About Dollar General Corp.
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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