Atalanta Sosnoff Capital LLC bought a new position in Dollar General Corp. (NYSE:DG) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 324,589 shares of the company’s stock, valued at approximately $30,190,000. Atalanta Sosnoff Capital LLC owned 0.12% of Dollar General as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of DG. Vanguard Group Inc. raised its holdings in shares of Dollar General by 1.8% during the second quarter. Vanguard Group Inc. now owns 17,615,600 shares of the company’s stock worth $1,269,909,000 after acquiring an additional 315,589 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Dollar General by 168.0% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,218,589 shares of the company’s stock valued at $1,314,516,000 after buying an additional 10,167,321 shares in the last quarter. Longview Partners Guernsey LTD raised its holdings in Dollar General by 41.3% during the third quarter. Longview Partners Guernsey LTD now owns 11,321,660 shares of the company’s stock valued at $917,621,000 after buying an additional 3,310,168 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its holdings in Dollar General by 2.3% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,888,589 shares of the company’s stock valued at $642,060,000 after buying an additional 178,400 shares in the last quarter. Finally, Capital International Investors raised its holdings in Dollar General by 14.0% during the third quarter. Capital International Investors now owns 6,428,000 shares of the company’s stock valued at $520,989,000 after buying an additional 791,600 shares in the last quarter. 90.37% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have recently commented on the company. UBS Group reiterated a “buy” rating and issued a $99.00 price objective (up from $85.00) on shares of Dollar General in a research note on Monday, December 4th. BMO Capital Markets reiterated a “hold” rating on shares of Dollar General in a research note on Wednesday, September 27th. Moffett Nathanson assumed coverage on Dollar General in a research note on Monday, December 4th. They issued a “neutral” rating on the stock. Deutsche Bank lifted their price objective on Dollar General to $97.00 and gave the stock a “buy” rating in a research note on Thursday, December 7th. Finally, Wolfe Research upgraded Dollar General from an “underperform” rating to an “outperform” rating in a research note on Wednesday, December 20th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $87.50.
Dollar General Corp. (NYSE:DG) traded down $0.66 during mid-day trading on Tuesday, reaching $98.44. The company had a trading volume of 1,864,183 shares, compared to its average volume of 2,284,638. Dollar General Corp. has a fifty-two week low of $65.97 and a fifty-two week high of $99.70. The firm has a market capitalization of $26,730.00, a P/E ratio of 21.83, a PEG ratio of 1.95 and a beta of 0.95. The company has a current ratio of 1.41, a quick ratio of 0.19 and a debt-to-equity ratio of 0.47.
Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, December 7th. The company reported $0.93 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.01). The company had revenue of $5.90 billion for the quarter, compared to analyst estimates of $5.80 billion. Dollar General had a net margin of 5.31% and a return on equity of 22.58%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.89 earnings per share. research analysts predict that Dollar General Corp. will post 4.48 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 9th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Monday, January 8th. Dollar General’s payout ratio is 23.06%.
About Dollar General
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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