Principal Financial Group Inc. cut its stake in Dollar General Corporation (NYSE:DG – Free Report) by 0.4% in the 1st quarter, HoldingsChannel reports. The fund owned 247,769 shares of the company’s stock after selling 913 shares during the period. Principal Financial Group Inc.’s holdings in Dollar General were worth $21,786,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Sowell Financial Services LLC acquired a new stake in Dollar General during the first quarter valued at approximately $280,000. Robeco Institutional Asset Management B.V. lifted its position in shares of Dollar General by 4.2% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 27,567 shares of the company’s stock valued at $2,424,000 after acquiring an additional 1,102 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Dollar General by 18.1% in the 4th quarter. Ameriprise Financial Inc. now owns 107,306 shares of the company’s stock valued at $8,137,000 after acquiring an additional 16,453 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Dollar General by 74.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,142 shares of the company’s stock valued at $921,000 after acquiring an additional 5,171 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of Dollar General by 48.9% in the 1st quarter. Farther Finance Advisors LLC now owns 3,292 shares of the company’s stock valued at $288,000 after acquiring an additional 1,081 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors.
Insider Transactions at Dollar General
In other Dollar General news, EVP Emily C. Taylor sold 1,969 shares of the firm’s stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $113.00, for a total value of $222,497.00. Following the transaction, the executive vice president directly owned 46,563 shares of the company’s stock, valued at $5,261,619. This trade represents a 4.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kathleen A. Reardon sold 6,438 shares of the firm’s stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $111.56, for a total transaction of $718,223.28. Following the completion of the transaction, the executive vice president directly owned 41,646 shares in the company, valued at approximately $4,646,027.76. This represents a 13.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.56% of the company’s stock.
Dollar General Price Performance
Dollar General (NYSE:DG – Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.32. Dollar General had a net margin of 2.81% and a return on equity of 17.93%. The company had revenue of $10.44 billion during the quarter, compared to analysts’ expectations of $10.25 billion. During the same quarter in the prior year, the company earned $1.65 earnings per share. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. Sell-side analysts forecast that Dollar General Corporation will post 5.75 EPS for the current fiscal year.
Dollar General Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date is Tuesday, July 8th. Dollar General’s dividend payout ratio is presently 45.04%.
Wall Street Analyst Weigh In
DG has been the subject of several research analyst reports. Guggenheim upped their price target on shares of Dollar General from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. Raymond James Financial increased their target price on shares of Dollar General from $100.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 4th. UBS Group increased their target price on shares of Dollar General from $120.00 to $128.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Morgan Stanley increased their target price on shares of Dollar General from $85.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 4th. Finally, Barclays increased their target price on shares of Dollar General from $100.00 to $119.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 4th. Sixteen equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $109.08.
Check Out Our Latest Analysis on DG
Dollar General Company Profile
Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits 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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