Dollar General Co. (NYSE:DG) Stocks Reduced by Alaska State Department of Revenue
The Alaska State Department of Revenue reduced its position in Dollar General Co. (NYSE: CEO – Get a rating) by 4.8% in the first quarter, Participation channel reports. The company held 46,466 shares of the company after selling 2,325 shares during the period. The Alaska State Department of Revenue’s holdings of Dollar General were worth $10,343,000 when it was last filed with the SEC.
Other institutional investors have also recently changed their positions in the company. Norges Bank bought a new position in Dollar General during the fourth quarter, valued at approximately $547,860,000. Capital International Investors increased its stake in Dollar General shares by 13.6% during the fourth quarter. Capital International Investors now owns 7,176,545 shares of the company valued at $1,692,445,000 after purchasing an additional 860,616 shares last quarter. TD Asset Management Inc. increased its stake in Dollar General shares to 56.6% in the fourth quarter. TD Asset Management Inc. now owns 1,106,499 shares of the company valued at $260,946,000 after purchasing an additional 400,113 shares in the last quarter. Flossbach Von Storch AG increased its holdings in Dollar General by 40.2% in the fourth quarter. Flossbach Von Storch AG now owns 1,187,333 shares of the company worth $280,009,000 after purchasing an additional 340,552 shares last quarter. Finally, BlackRock Inc. increased its position in Dollar General by 1.6% during the fourth quarter. BlackRock Inc. now owns 18,399,415 shares of the company worth $4,339,132,000 after purchasing an additional 283,983 shares in the last quarter. Institutional investors and hedge funds own 94.86% of the company’s shares.
Several research companies have recently published reports on DG. Wells Fargo & Company raised its price target on Dollar General from $220.00 to $255.00 in a Thursday, March 17 research note. Deutsche Bank Aktiengesellschaft reduced its price target on Dollar General from $242.00 to $234.00 in a Wednesday, May 25 research note. Loop Capital reiterated a “buy” rating on Dollar General shares in a Friday, May 20 research note. Gordon Haskett downgraded Dollar General from a “buy” rating to a “hold” rating and set a price target of $210.00 for the company. in a research report on Friday, May 20. Finally, Oppenheimer raised his price target on Dollar General to $240.00 in a Thursday, May 26 research report. Three analysts gave the stock a hold rating and twelve gave the company a buy rating. According to MarketBeat.com, Dollar General has an average rating of “Moderate Buy” and an average target price of $245.33.
NYSE CEO opened at $247.90 on Friday. The stock has a fifty-day moving average of $231.24 and a 200-day moving average of $222.73. The stock has a market capitalization of $56.27 billion, a P/E ratio of 25.43, a price-to-earnings growth ratio of 1.78 and a beta of 0.52. Dollar General Co. has a 52 week low of $183.25 and a 52 week high of $262.20. The company has a debt ratio of 0.66, a quick ratio of 0.09 and a current ratio of 0.97.
General dollar (NYSE: CEO – Get a rating) last released its results on Thursday, May 26. The company reported EPS of $2.41 for the quarter, beating the consensus estimate of $2.31 by $0.10. The company posted revenue of $8.75 billion in the quarter, compared to $8.71 billion expected by analysts. Dollar General had a return on equity of 37.05% and a net margin of 6.58%. The company’s revenue for the quarter increased 4.2% year over year. During the same period last year, the company achieved EPS of $2.82. Equity research analysts expect Dollar General Co. to post earnings per share of 11.48 for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 19. Shareholders of record on Tuesday, July 5 will receive a dividend of $0.55. The posting date is Friday, July 1. This represents an annualized dividend of $2.20 and a dividend yield of 0.89%. Dollar General’s dividend payout ratio (DPR) is currently 22.56%.
In related news, EVP Antonio Zuazo sold 2,999 shares in a trade that took place on Friday, May 27. The shares were sold at an average price of $227.43, for a total value of $682,062.57. Following the sale, the executive vice president now directly owns 9,491 shares of the company, valued at approximately $2,158,538.13. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink. Also, director Patricia Filikrushel sold 5,289 shares in a trade that took place on Tuesday, May 31. The shares were sold at an average price of $221.59, for a total transaction of $1,171,989.51. Following the completion of the sale, the administrator now owns 22,793 shares of the company, valued at $5,050,700.87. Disclosure of this sale can be found here. In the past ninety days, insiders have sold 15,790 shares of the company valued at $3,622,273. 0.73% of the shares are held by insiders.
About Dollar General (Get a rating)
Dollar General Corporation, a discount retailer, provides various merchandise products in the South, Southwest, Midwest and Eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, toilet paper, paper tableware, trash and storage bags, disinfectants and laundry products; packaged foods including cereals, pasta, canned soups, fruits and vegetables, condiments, spices, sugar and flour; and perishables which include milk, eggs, bread, chilled and frozen foods, beer and wine.
Get news and reviews for Dollar General Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Dollar General and related companies with MarketBeat.com’s free daily email newsletter.