BLB&B Advisors LLC acquired a new position in shares of Dollar General Corp. (NYSE:DG) in the 3rd quarter, Holdings Channel reports. The fund acquired 9,515 shares of the company’s stock, valued at approximately $1,040,000.
Several other institutional investors also recently modified their holdings of DG. Polen Capital Management LLC grew its stake in Dollar General by 3.8% in the 2nd quarter. Polen Capital Management LLC now owns 7,012,185 shares of the company’s stock worth $691,401,000 after acquiring an additional 255,240 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its stake in Dollar General by 12.4% in the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 6,450,172 shares of the company’s stock worth $635,987,000 after acquiring an additional 711,483 shares during the period. FMR LLC grew its stake in Dollar General by 10.5% in the 2nd quarter. FMR LLC now owns 5,506,743 shares of the company’s stock worth $542,965,000 after acquiring an additional 523,870 shares during the period. Northern Trust Corp grew its stake in Dollar General by 4.0% in the 2nd quarter. Northern Trust Corp now owns 3,926,023 shares of the company’s stock worth $387,106,000 after acquiring an additional 151,939 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Dollar General by 10.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,328,481 shares of the company’s stock worth $328,188,000 after acquiring an additional 303,600 shares during the period. Hedge funds and other institutional investors own 95.00% of the company’s stock.
Shares of NYSE DG opened at $104.76 on Friday. Dollar General Corp. has a 52-week low of $79.79 and a 52-week high of $112.59. The firm has a market cap of $29.02 billion, a PE ratio of 23.29, a P/E/G ratio of 1.32 and a beta of 0.93. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.55 and a quick ratio of 0.21.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 23rd. Stockholders of record on Tuesday, October 9th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, October 5th. This represents a $1.16 annualized dividend and a dividend yield of 1.11%. Dollar General’s dividend payout ratio is presently 25.84%.
Several analysts have commented on DG shares. Guggenheim reaffirmed a “buy” rating and issued a $115.00 target price on shares of Dollar General in a research note on Monday, August 20th. ValuEngine raised shares of Dollar General from a “hold” rating to a “buy” rating in a research note on Saturday, August 18th. Zacks Investment Research raised shares of Dollar General from a “sell” rating to a “buy” rating and set a $115.00 target price for the company in a research note on Tuesday, August 14th. Citigroup started coverage on shares of Dollar General in a research note on Friday, July 6th. They issued a “buy” rating for the company. Finally, MKM Partners lifted their target price on shares of Dollar General to $117.00 and gave the stock a “buy” rating in a research note on Tuesday, August 28th. One analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $105.30.
In other news, EVP Robert D. Ravener sold 22,440 shares of the business’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $111.49, for a total transaction of $2,501,835.60. Following the completion of the sale, the executive vice president now directly owns 50,747 shares of the company’s stock, valued at approximately $5,657,783.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.41% of the stock is owned by insiders.
Dollar General Profile
Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, Midwestern, and eastern United States. The company offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food comprising cereals, canned soups and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.
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