DekaBank Deutsche Girozentrale increased its stake in Dollar General (NYSE:DG – Get Rating) by 3.8% in the third quarter, according to its latest filing with the Securities and Exchange Commission. The fund owned 167,164 shares of the company after acquiring an additional 6,094 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.07% of Dollar General worth $39,755,000 as of the latest SEC filing.
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Many other large investors have also increased or decreased their stakes in the business recently. FMR LLC increased his position at Dollar General by 25.5% in the second quarter. FMR LLC currently owns 7,002,653 shares of the company stock worth $1,718,731,000 after he purchased an additional 1,424,310 shares during this period. CIBC Private Wealth Group LLC raised its position in Dollar General by 1.5% from him in the second quarter. CIBC Private Wealth Group LLC now owns 1,386,072 of his shares worth $340.198 million after purchasing an additional 20,174 of his shares during this period. AKO Capital LLP increased its position in Dollar General stock by 51.0% in the second quarter. AKO Capital LLP now owns 1,298,840 shares of the company valued at $318,787,000 after acquiring an additional 438,407 shares during this period. Charles Schwab Investment Management Inc. increased his position in Dollar General shares by 2.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,254,647 shares worth $279,322,000 after acquiring an additional 32,214 shares during this period. Finally, Vaughan Nelson Investment Management LP increased its position in Dollar General shares by 103.8% in the second quarter. Vaughan Nelson Investment Management LP now owns 855,226 shares worth $299,907,000 after acquiring an additional 435,631 shares during this period. Currently 90.73% of the shares are owned by institutional investors and hedge funds.
Insider trading on Dollar General
In other dollar general news, director Warren F. Bryant sold 1,951 shares of the company in a transaction on Wednesday, Jan. 4. The shares sold at an average price of $243.93, and the total transaction value he had was $475,907.43. Following the closing of the sale, the directors now own 38,269 shares of the Company’s stock valued at approximately $9,334,957.17. The sale is disclosed in legal documents to the Securities and Exchange Commission, available on his website at the SEC. The insider owns his 0.60% of the company’s shares.
dollar aggregate price performance
DG shares opened Wednesday at $232.07. The stock has a market capitalization of $51.89 billion, a P/E ratio of 22.55, a P/E/G ratio of 1.93 and a beta of 0.39. Dollar General Co. has a 12-month low of $183.25 and a 12-month high of $262.20. The company has a 50-day moving average of $246.93 and a 200-day moving average of $246.45. The company has a quick ratio of 0.13, a current ratio of 1.23 and a debt to equity ratio of 0.98.
Dollar General Announces Dividend
The company recently announced a quarterly dividend, which was paid on Tuesday, January 17th. A dividend of $0.55 per share was issued to shareholders of record on Tuesday, January 3. This represents his $2.20 dividend and his 0.95% yield on an annualized basis. The ex-dividend date for this dividend was Friday, December 30. Dollar General’s dividend payout ratio is 21.38%.
Analyst sets new price target
Many analysts have put a lot of weight on the stock recently. Evercore ISI lowered its price target on Dollar General shares to his $265.00 in a research report on Friday, Dec. 2. Deutsche Bank Aktiengesellschaft raised its price target on Dollar General shares to $293.00 from $265.00 in a research report on Tuesday, November 29. Truist Financial lowered its target price on Dollar General stock from $262.00 to $237.00 and gave the stock a “hold” rating in its research report on Friday, December 2nd. Telsey Advisory Group lowered its target price on Dollar General stock from $285.00 to $270.00, giving it an “outperform” rating in its research report on Friday, December 2nd. Finally, BMO Capital Markets lowered its target price for Dollar General from $265.00 to $255.00 in its research note on Friday, December 2nd. Four equity research analysts rated the stock with a hold rating, 11 gave a buy rating, and one gave the company a strong buy rating. MarketBeat.com data shows Dollar General’s current consensus rating is “moderate buy” with a consensus price target of $267.73.
Dollar general profile
Dollar General Corporation, a discount retailer, offers a variety of products in the Southern, Southwest, Midwest, and Eastern United States. We offer consumables including paper and cleaning products such as paper towels, bath tissues, paper utensils, garbage bags, storage bags, sanitizers and laundry supplies. Packaged foods containing cereals, pastas, canned soups, fruits and vegetables, condiments, spices, sugar and flour. Perishables include milk, eggs, bread, chilled and frozen foods, beer and wine.
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