Sheaff Brock Investment Advisors LLC lessened its position in shares of Dollar General Corp. (NYSE:DG) by 33.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,055 shares of the company’s stock after selling 4,460 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Dollar General were worth $1,224,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in DG. Clean Yield Group bought a new position in shares of Dollar General during the second quarter valued at about $26,000. Squar Milner Financial Services LLC grew its stake in Dollar General by 73.0% in the 2nd quarter. Squar Milner Financial Services LLC now owns 192 shares of the company’s stock worth $26,000 after buying an additional 81 shares in the last quarter. JNBA Financial Advisors grew its stake in Dollar General by 106.4% in the 2nd quarter. JNBA Financial Advisors now owns 194 shares of the company’s stock worth $26,000 after buying an additional 100 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new position in Dollar General in the 2nd quarter worth approximately $27,000. Finally, Ellis Investment Partners LLC purchased a new position in Dollar General in the 1st quarter worth approximately $30,000. 95.32% of the stock is owned by institutional investors and hedge funds.
NYSE:DG traded up $0.62 during midday trading on Tuesday, reaching $135.56. 51,866 shares of the stock traded hands, compared to its average volume of 1,698,242. The business has a fifty day moving average of $137.80. Dollar General Corp. has a 12 month low of $98.08 and a 12 month high of $145.06. The company has a quick ratio of 0.12, a current ratio of 1.16 and a debt-to-equity ratio of 1.52. The firm has a market capitalization of $35.02 billion, a PE ratio of 22.71, a P/E/G ratio of 1.92 and a beta of 0.67.
The company also recently declared a quarterly dividend, which was paid on Tuesday, July 23rd. Investors of record on Tuesday, July 9th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, July 8th. This represents a $1.28 dividend on an annualized basis and a yield of 0.94%. Dollar General’s dividend payout ratio is currently 21.44%.
A number of equities research analysts have recently issued reports on DG shares. Zacks Investment Research raised shares of Dollar General from a “hold” rating to a “buy” rating and set a $134.00 price objective for the company in a research note on Wednesday, May 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $138.00 price objective (up previously from $129.00) on shares of Dollar General in a research note on Friday, May 31st. Buckingham Research reaffirmed a “positive” rating and issued a $152.00 price objective (up previously from $125.00) on shares of Dollar General in a research note on Friday, May 31st. Wells Fargo & Co cut shares of Dollar General from an “outperform” rating to a “market perform” rating and set a $140.00 price objective for the company. in a research note on Thursday, July 25th. Finally, Goldman Sachs Group raised shares of Dollar General from a “neutral” rating to a “buy” rating and upped their price objective for the company from $142.00 to $152.00 in a research note on Thursday, August 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $134.68.
Dollar General 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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