Thrivent Financial For Lutherans lowered its stake in shares of Dollar General Corporation (NYSE:DG) by 84.7% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 9,500 shares of the company’s stock after selling 52,420 shares during the period. Thrivent Financial For Lutherans’ holdings in Dollar General Corporation were worth $685,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in DG. BlackRock Inc. boosted its stake in shares of Dollar General Corporation by 4,173.7% in the 1st quarter. BlackRock Inc. now owns 22,144,062 shares of the company’s stock worth $1,544,106,000 after buying an additional 21,625,909 shares during the last quarter. Longview Partners Guernsey LTD purchased a new position in shares of Dollar General Corporation in the 2nd quarter worth approximately $577,548,000. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Dollar General Corporation by 281.5% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,740,089 shares of the company’s stock worth $330,886,000 after buying an additional 3,497,733 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Dollar General Corporation by 115.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,573,530 shares of the company’s stock worth $257,611,000 after buying an additional 1,914,303 shares during the last quarter. Finally, Epoch Investment Partners Inc. boosted its stake in shares of Dollar General Corporation by 7,543.4% in the 1st quarter. Epoch Investment Partners Inc. now owns 1,318,717 shares of the company’s stock worth $91,954,000 after buying an additional 1,301,464 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.
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DG has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Dollar General Corporation from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a research note on Monday, August 28th. BidaskClub upgraded Dollar General Corporation from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Bank of America Corporation restated a “buy” rating and issued a $90.00 target price on shares of Dollar General Corporation in a research note on Friday, August 25th. Citigroup Inc. boosted their target price on Dollar General Corporation from $87.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, September 13th. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $85.00 target price on shares of Dollar General Corporation in a research note on Friday, September 29th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $80.79.
Dollar General Corporation (NYSE:DG) last issued its quarterly earnings results on Thursday, August 31st. The company reported $1.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.01. The business had revenue of $5.83 billion for the quarter, compared to analysts’ expectations of $5.80 billion. Dollar General Corporation had a net margin of 5.38% and a return on equity of 22.67%. The company’s revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.08 EPS.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 24th. Stockholders of record on Tuesday, October 10th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is 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 firm’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $77.00, for a total transaction of $866,789.00. Following the sale, the executive vice president now directly owns 22,598 shares in the company, valued at approximately $1,740,046. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.22% of the company’s stock.
About Dollar General Corporation
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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