Kornitzer Capital Management Inc. KS trimmed its position in Dollar General Corp. (NYSE:DG) by 1.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,969 shares of the company’s stock after selling 850 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Dollar General were worth $5,603,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the company. Gateway Investment Advisers LLC grew its holdings in Dollar General by 2.5% during the fourth quarter. Gateway Investment Advisers LLC now owns 11,062 shares of the company’s stock worth $1,196,000 after acquiring an additional 274 shares during the period. Vanguard Group Inc grew its holdings in Dollar General by 2.0% during the third quarter. Vanguard Group Inc now owns 19,201,573 shares of the company’s stock worth $2,098,732,000 after acquiring an additional 370,008 shares during the period. Alpha Windward LLC grew its holdings in Dollar General by 32.3% in the fourth quarter. Alpha Windward LLC now owns 2,485 shares of the company’s stock valued at $269,000 after purchasing an additional 606 shares during the period. Capital Investment Advisory Services LLC acquired a new stake in Dollar General in the fourth quarter valued at approximately $68,000. Finally, Steward Partners Investment Advisory LLC grew its holdings in Dollar General by 153.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,569 shares of the company’s stock valued at $493,000 after purchasing an additional 2,769 shares during the period. Hedge funds and other institutional investors own 98.45% of the company’s stock.
In other Dollar General news, EVP Rhonda Taylor sold 16,636 shares of Dollar General stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $119.64, for a total value of $1,990,331.04. Following the sale, the executive vice president now owns 33,513 shares in the company, valued at $4,009,495.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robert D. Ravener sold 8,973 shares of Dollar General stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $123.82, for a total value of $1,111,036.86. Following the completion of the sale, the executive vice president now owns 17,794 shares in the company, valued at approximately $2,203,253.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 143,255 shares of company stock worth $17,037,351. 0.55% of the stock is currently owned by company insiders.
Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, March 14th. The company reported $1.84 EPS for the quarter, missing the Zacks’ consensus estimate of $1.89 by ($0.05). Dollar General had a return on equity of 25.04% and a net margin of 6.20%. The company had revenue of $6.65 billion for the quarter, compared to analysts’ expectations of $6.61 billion. During the same quarter in the previous year, the business posted $1.48 EPS. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. On average, research analysts predict that Dollar General Corp. will post 6.42 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th were given a dividend of $0.32 per share. This is an increase from Dollar General’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Monday, April 8th. This represents a $1.28 dividend on an annualized basis and a yield of 1.05%. Dollar General’s dividend payout ratio (DPR) is presently 21.44%.
Several brokerages have commented on DG. Zacks Investment Research lowered Dollar General from a “hold” rating to a “sell” rating in a report on Wednesday, February 13th. Bank of America set a $133.00 target price on Dollar General and gave the company a “buy” rating in a research report on Wednesday, April 10th. JPMorgan Chase & Co. raised their target price on Dollar General from $121.00 to $133.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. Telsey Advisory Group restated an “outperform” rating and issued a $126.00 target price on shares of Dollar General in a research report on Thursday, March 14th. Finally, BMO Capital Markets raised their target price on Dollar General from $126.00 to $133.00 and gave the company an “outperform” rating in a research report on Friday, March 15th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and seventeen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $122.55.
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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