Great West Life Assurance Co. Can reduced its stake in shares of Dollar General Corp. (NYSE:DG) by 8.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 255,639 shares of the company’s stock after selling 23,227 shares during the period. Great West Life Assurance Co. Can owned 0.09% of Dollar General Corp. worth $17,812,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the stock. Capital International Investors purchased a new stake in shares of Dollar General Corp. during the third quarter valued at $279,400,000. Jackson Square Partners LLC purchased a new stake in shares of Dollar General Corp. during the third quarter valued at $229,515,000. FIL Ltd increased its stake in shares of Dollar General Corp. by 1,167.6% in the fourth quarter. FIL Ltd now owns 2,718,695 shares of the company’s stock valued at $201,374,000 after buying an additional 2,504,227 shares in the last quarter. Norges Bank purchased a new stake in shares of Dollar General Corp. during the fourth quarter valued at $175,248,000. Finally, Polen Capital Management LLC increased its stake in shares of Dollar General Corp. by 120.1% in the fourth quarter. Polen Capital Management LLC now owns 3,903,635 shares of the company’s stock valued at $289,142,000 after buying an additional 2,129,904 shares in the last quarter. Hedge funds and other institutional investors own 81.93% of the company’s stock.
Shares of Dollar General Corp. (NYSE:DG) traded up 0.34% during trading on Friday, hitting $73.62. 2,066,412 shares of the stock traded hands. Dollar General Corp. has a 1-year low of $66.50 and a 1-year high of $96.88. The company has a market cap of $20.25 billion, a PE ratio of 16.62 and a beta of 0.84. The company has a 50 day moving average of $70.57 and a 200-day moving average of $73.05.
Dollar General Corp. (NYSE:DG) last announced its quarterly earnings results on Thursday, March 16th. The company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.08. The company earned $6.01 billion during the quarter, compared to analysts’ expectations of $5.96 billion. Dollar General Corp. had a return on equity of 22.79% and a net margin of 5.70%. Dollar General Corp.’s revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.30 EPS. On average, equities analysts anticipate that Dollar General Corp. will post $4.45 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 26th. Stockholders of record on Tuesday, April 11th were paid a $0.26 dividend. The ex-dividend date of this dividend was Friday, April 7th. This is a boost from Dollar General Corp.’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.41%. Dollar General Corp.’s dividend payout ratio is 23.53%.
DG has been the topic of several recent research reports. Credit Suisse Group AG downgraded shares of Dollar General Corp. from a “neutral” rating to an “underperform” rating and set a $62.00 price objective on the stock. in a research report on Thursday, March 23rd. Zacks Investment Research downgraded shares of Dollar General Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, March 21st. Vetr downgraded shares of Dollar General Corp. from a “strong-buy” rating to a “buy” rating and set a $76.50 price objective on the stock. in a research report on Monday, March 27th. Buckingham Research downgraded shares of Dollar General Corp. from a “buy” rating to a “neutral” rating and cut their price objective for the company from $83.00 to $75.00 in a research report on Friday, March 10th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $78.00 price objective on shares of Dollar General Corp. in a research report on Thursday, April 6th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and ten have given a buy rating to the stock. Dollar General Corp. currently has a consensus rating of “Hold” and a consensus price target of $83.49.
Dollar General Corp. 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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