Exxonmobil Investment Management Inc. TX lessened its stake in shares of Dollar General Corp. (NYSE:DG) by 12.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 41,423 shares of the company’s stock after selling 6,151 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Dollar General were worth $3,853,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in DG. Aurora Investment Counsel bought a new position in Dollar General in the 4th quarter valued at $3,316,000. Pensionfund Sabic bought a new position in Dollar General in the 4th quarter valued at $1,767,000. Pensionfund DSM Netherlands bought a new position in Dollar General in the 4th quarter valued at $3,534,000. Parametric Portfolio Associates LLC grew its position in Dollar General by 4.0% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 2,018,527 shares of the company’s stock valued at $163,602,000 after acquiring an additional 77,715 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its position in Dollar General by 168.0% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,218,589 shares of the company’s stock valued at $1,314,516,000 after acquiring an additional 10,167,321 shares during the last quarter. Institutional investors own 90.23% of the company’s stock.
Dollar General Corp. (NYSE DG) opened at $98.19 on Friday. Dollar General Corp. has a 12-month low of $65.97 and a 12-month high of $98.33. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.19 and a current ratio of 1.41. The stock has a market capitalization of $26,660.00, a price-to-earnings ratio of 21.77, a PEG ratio of 1.89 and a beta of 0.95.
Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, December 7th. The company reported $0.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.01). Dollar General had a return on equity of 22.58% and a net margin of 5.31%. The firm had revenue of $5.90 billion for the quarter, compared to the consensus estimate of $5.80 billion. During the same period in the previous year, the company posted $0.89 EPS. Dollar General’s quarterly revenue was up 11.0% compared to the same quarter last year. research analysts forecast that Dollar General Corp. will post 4.48 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 9th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Monday, January 8th. Dollar General’s payout ratio is 23.06%.
Several equities analysts have commented on the company. Buckingham Research upped their price objective on Dollar General from $93.00 to $98.00 and gave the company a “neutral” rating in a research report on Thursday. Wolfe Research raised Dollar General from an “underperform” rating to an “outperform” rating in a research report on Wednesday, December 20th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Dollar General in a research report on Friday, September 29th. Zacks Investment Research downgraded Dollar General from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Finally, Wells Fargo & Co assumed coverage on Dollar General in a research report on Friday, November 3rd. They issued an “underperform” rating and a $72.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $86.54.
In related news, EVP Robert D. Ravener sold 11,368 shares of the company’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $92.81, for a total transaction of $1,055,064.08. Following the completion of the sale, the executive vice president now directly owns 22,598 shares in the company, valued at approximately $2,097,320.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Anita C. Elliott sold 2,012 shares of the company’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $92.82, for a total value of $186,753.84. Following the sale, the senior vice president now owns 14,969 shares of the company’s stock, valued at $1,389,422.58. The disclosure for this sale can be found here. Insiders have sold a total of 20,916 shares of company stock worth $1,924,881 in the last three months. Corporate insiders own 0.32% of the company’s stock.
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Dollar General 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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