Dollar General Corp. (DG) Holdings Boosted by California Public Employees Retirement System
California Public Employees Retirement System raised its stake in Dollar General Corp. (NYSE:DG) by 13.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 703,487 shares of the company’s stock after purchasing an additional 81,276 shares during the period. California Public Employees Retirement System’s holdings in Dollar General were worth $65,431,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in the business. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Dollar General by 168.0% in 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 purchasing an additional 10,167,321 shares during the last quarter. Longview Partners Guernsey LTD increased its stake in Dollar General by 41.3% in the third quarter. Longview Partners Guernsey LTD now owns 11,321,660 shares of the company’s stock valued at $917,621,000 after purchasing an additional 3,310,168 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in Dollar General by 2.3% in 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 purchasing an additional 178,400 shares during the last quarter. Capital International Investors increased its stake in Dollar General by 14.0% in the third quarter. Capital International Investors now owns 6,428,000 shares of the company’s stock valued at $520,989,000 after purchasing an additional 791,600 shares during the last quarter. Finally, Polen Capital Management LLC increased its stake in Dollar General by 3.2% in the third quarter. Polen Capital Management LLC now owns 4,935,680 shares of the company’s stock valued at $400,037,000 after purchasing an additional 154,938 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.
In other Dollar General news, SVP Michael J. Kindy sold 7,536 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $90.64, for a total value of $683,063.04. Following the completion of the sale, the senior vice president now owns 7,578 shares of the company’s stock, valued at $686,869.92. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Anita C. Elliott sold 2,012 shares of the firm’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $92.82, for a total value of $186,753.84. Following the completion of the sale, the senior vice president now directly owns 14,969 shares of the company’s stock, valued at approximately $1,389,422.58. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,916 shares of company stock valued at $1,924,881. Corporate insiders own 0.32% of the company’s stock.
Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, December 7th. The company reported $0.93 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.01). Dollar General had a return on equity of 22.58% and a net margin of 5.31%. The company had revenue of $5.90 billion for the quarter, compared to analyst estimates of $5.80 billion. During the same period in the prior year, the business earned $0.89 earnings per share. Dollar General’s revenue for the quarter was up 11.0% compared to the same quarter last year. analysts anticipate that Dollar General Corp. will post 4.5 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 23rd. Investors of record on Tuesday, January 9th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend was Monday, January 8th. Dollar General’s dividend payout ratio is presently 23.06%.
DG has been the topic of several recent analyst reports. Oppenheimer initiated coverage on shares of Dollar General in a research note on Wednesday, January 17th. They issued an “outperform” rating and a $112.00 price target on the stock. UBS Group reissued a “buy” rating and issued a $99.00 price objective (up from $85.00) on shares of Dollar General in a report on Monday, December 4th. Moffett Nathanson initiated coverage on Dollar General in a report on Monday, December 4th. They issued a “neutral” rating for the company. Deutsche Bank increased their price objective on Dollar General to $97.00 and gave the company a “buy” rating in a report on Thursday, December 7th. Finally, Wolfe Research raised Dollar General from an “underperform” rating to an “outperform” rating in a report on Wednesday, December 20th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $91.98.
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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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