Mather Group LLC. grew its position in Dollar General Corporation (NYSE:DG – Free Report) by 295.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,314 shares of the company’s stock after purchasing an additional 3,970 shares during the quarter. Mather Group LLC.’s holdings in Dollar General were worth $635,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. SG Americas Securities LLC grew its position in Dollar General by 2,208.2% during the first quarter. SG Americas Securities LLC now owns 1,554,918 shares of the company’s stock worth $184,615,000 after buying an additional 1,487,554 shares in the last quarter. Bank of New York Mellon Corp bought a new position in Dollar General during the second quarter valued at about $162,412,000. Flossbach Von Storch SE bought a new position in Dollar General during the second quarter valued at about $81,178,000. Employees Provident Fund Board acquired a new position in Dollar General in the 4th quarter valued at approximately $77,783,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Dollar General in the 2nd quarter valued at approximately $50,887,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.
Dollar General Price Performance
NYSE:DG opened at $134.29 on Friday. The company has a 50-day moving average of $124.55 and a 200-day moving average of $119.18. The company has a market capitalization of $29.63 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 1.83 and a beta of 0.23. Dollar General Corporation has a 52 week low of $95.11 and a 52 week high of $158.23. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.31 and a current ratio of 1.21.
Dollar General Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 20th. Shareholders of record on Tuesday, October 6th will be paid a dividend of $0.59 per share. The ex-dividend date is Tuesday, October 6th. This represents a $2.36 dividend on an annualized basis and a yield of 1.8%. Dollar General’s dividend payout ratio (DPR) is currently 30.69%.
Analyst Upgrades and Downgrades
DG has been the subject of a number of research reports. BMO Capital Markets raised their price objective on Dollar General from $120.00 to $135.00 and gave the stock a “market perform” rating in a research report on Friday, August 28th. Citigroup lifted their price objective on Dollar General from $116.00 to $133.00 and gave the stock a “neutral” rating in a report on Friday, August 28th. Weiss Ratings upgraded Dollar General from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, September 10th. Guggenheim restated a “buy” rating and set a $140.00 price objective on shares of Dollar General in a research report on Monday, August 31st. Finally, Oppenheimer restated an “outperform” rating and issued a $150.00 target price on shares of Dollar General in a research note on Tuesday, August 25th. Twelve investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Dollar General presently has a consensus rating of “Hold” and a consensus target price of $137.96.
Check Out Our Latest Research Report on DG
About Dollar General
Dollar General Corporation (NYSE: DG) operates a chain of discount retail stores focused on providing everyday goods at affordable prices. Its merchandise includes consumable products such as food, beverages, cleaning supplies, paper products, and personal-care items, along with seasonal goods, home products, basic apparel, and select health and beauty products. Many stores also offer tobacco products, prepaid wireless services, and other convenience-oriented items.
The company primarily serves rural and suburban communities in the United States through a network of small-format stores located across most U.S.
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