Paloma Partners Management Co Has $1.55 Million Position in Dollar General Corp. (DG)
Paloma Partners Management Co decreased its holdings in Dollar General Corp. (NYSE:DG) by 74.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,685 shares of the company’s stock after selling 46,236 shares during the quarter. Paloma Partners Management Co’s holdings in Dollar General were worth $1,546,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the stock. Victory Capital Management Inc. raised its holdings in shares of Dollar General by 40.0% during the first quarter. Victory Capital Management Inc. now owns 36,157 shares of the company’s stock valued at $3,382,000 after purchasing an additional 10,337 shares during the period. D.A. Davidson & CO. acquired a new stake in shares of Dollar General in the 1st quarter worth about $202,000. Aperio Group LLC raised its holdings in shares of Dollar General by 6.3% in the 1st quarter. Aperio Group LLC now owns 121,417 shares of the company’s stock worth $11,359,000 after acquiring an additional 7,172 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its holdings in shares of Dollar General by 80.6% in the 1st quarter. Thompson Siegel & Walmsley LLC now owns 6,500 shares of the company’s stock worth $608,000 after acquiring an additional 2,900 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Dollar General by 16.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 85,468 shares of the company’s stock worth $8,001,000 after acquiring an additional 11,798 shares during the last quarter. 94.99% of the stock is currently owned by institutional investors.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Dollar General from a “hold” rating to a “sell” rating in a research report on Tuesday, July 31st. Citigroup assumed coverage on shares of Dollar General in a research report on Friday, July 6th. They issued a “buy” rating for the company. Gordon Haskett raised shares of Dollar General from an “accumulate” rating to a “buy” rating and upped their price objective for the stock from $65.97 to $67.00 in a research report on Monday, June 4th. Guggenheim reaffirmed a “buy” rating and issued a $115.00 price objective on shares of Dollar General in a research report on Monday, August 20th. Finally, Raymond James raised shares of Dollar General from an “outperform” rating to a “strong-buy” rating in a research report on Friday, June 22nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $103.33.
Dollar General stock opened at $108.91 on Monday. Dollar General Corp. has a twelve month low of $76.13 and a twelve month high of $112.59. The company has a market cap of $29.39 billion, a PE ratio of 24.26, a P/E/G ratio of 1.33 and a beta of 0.94. The company has a quick ratio of 0.21, a current ratio of 1.55 and a debt-to-equity ratio of 0.44.
Dollar General (NYSE:DG) last released its earnings results on Thursday, August 30th. The company reported $1.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.03. The firm had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.38 billion. Dollar General had a net margin of 7.06% and a return on equity of 23.51%. The company’s revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.10 EPS. equities analysts expect that Dollar General Corp. will post 6.1 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 23rd. Stockholders of record on Tuesday, October 9th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Friday, October 5th. Dollar General’s dividend payout ratio (DPR) is currently 25.84%.
Dollar General Company Profile
Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, Midwestern, and eastern United States. The company offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food comprising cereals, canned soups and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.
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