First Mercantile Trust Co. Sells 3,801 Shares of Dollar General Corporation (DG)
First Mercantile Trust Co. lowered its stake in Dollar General Corporation (NYSE:DG) by 18.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,819 shares of the company’s stock after selling 3,801 shares during the period. First Mercantile Trust Co.’s holdings in Dollar General Corporation were worth $1,212,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Alpha Windward LLC boosted its stake in Dollar General Corporation by 2.4% in the first quarter. Alpha Windward LLC now owns 1,844 shares of the company’s stock valued at $129,000 after buying an additional 44 shares during the period. Huntington National Bank boosted its stake in Dollar General Corporation by 4.0% in the second quarter. Huntington National Bank now owns 1,965 shares of the company’s stock valued at $142,000 after buying an additional 75 shares during the period. Harbour Capital Advisors LLC boosted its stake in Dollar General Corporation by 7,109.3% in the second quarter. Harbour Capital Advisors LLC now owns 10,814 shares of the company’s stock valued at $150,000 after buying an additional 10,664 shares during the period. Summit Securities Group LLC acquired a new stake in Dollar General Corporation during the second quarter valued at $226,000. Finally, National Asset Management Inc. boosted its stake in Dollar General Corporation by 8.6% in the first quarter. National Asset Management Inc. now owns 3,273 shares of the company’s stock valued at $230,000 after buying an additional 258 shares during the period. Institutional investors and hedge funds own 88.66% of the company’s stock.
Dollar General Corporation (NYSE:DG) opened at 75.49 on Friday. The stock has a 50 day moving average price of $72.64 and a 200 day moving average price of $72.65. The stock has a market capitalization of $20.70 billion, a P/E ratio of 17.07 and a beta of 0.93. Dollar General Corporation has a 12 month low of $65.97 and a 12 month high of $92.65.
Dollar General Corporation (NYSE:DG) last posted its earnings results on Thursday, June 1st. The company reported $1.03 EPS for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.03. Dollar General Corporation had a return on equity of 23.07% and a net margin of 5.53%. The firm had revenue of $5.61 billion for the quarter, compared to analysts’ expectations of $5.59 billion. During the same period last year, the firm earned $1.03 EPS. The company’s quarterly revenue was up 6.5% on a year-over-year basis. Equities analysts predict that Dollar General Corporation will post $4.50 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 25th. Stockholders of record on Tuesday, July 11th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend was Friday, July 7th. Dollar General Corporation’s dividend payout ratio (DPR) is presently 23.48%.
Several equities research analysts have weighed in on the company. Buckingham Research reiterated a “neutral” rating and issued a $75.00 price objective on shares of Dollar General Corporation in a report on Monday, August 7th. BidaskClub upgraded Dollar General Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Jefferies Group LLC reiterated a “hold” rating and issued a $68.00 price objective on shares of Dollar General Corporation in a report on Wednesday, July 19th. Deutsche Bank AG reiterated a “hold” rating and issued a $78.00 price objective on shares of Dollar General Corporation in a report on Tuesday, July 4th. Finally, Zacks Investment Research upgraded Dollar General Corporation from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a report on Wednesday, June 21st. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $80.89.
Dollar General Corporation Company 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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