Louisbourg Investments Inc. lowered its position in Dollar General Corporation (NYSE:DG – Free Report) by 10.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,102 shares of the company’s stock after selling 3,160 shares during the quarter. Louisbourg Investments Inc.’s holdings in Dollar General were worth $2,986,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. Mountain Hill Investment Partners Corp. raised its holdings in shares of Dollar General by 66.7% during the first quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company’s stock valued at $44,000 after acquiring an additional 200 shares in the last quarter. Golden State Wealth Management LLC raised its holdings in shares of Dollar General by 170.1% during the first quarter. Golden State Wealth Management LLC now owns 543 shares of the company’s stock valued at $48,000 after acquiring an additional 342 shares in the last quarter. CVA Family Office LLC raised its holdings in shares of Dollar General by 39.4% during the first quarter. CVA Family Office LLC now owns 570 shares of the company’s stock valued at $50,000 after acquiring an additional 161 shares in the last quarter. Larson Financial Group LLC raised its holdings in shares of Dollar General by 384.3% during the first quarter. Larson Financial Group LLC now owns 615 shares of the company’s stock valued at $54,000 after acquiring an additional 488 shares in the last quarter. Finally, Harbor Investment Advisory LLC raised its holdings in shares of Dollar General by 35.2% during the second quarter. Harbor Investment Advisory LLC now owns 492 shares of the company’s stock valued at $56,000 after acquiring an additional 128 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.
Dollar General Trading Up 0.7%
NYSE DG opened at $99.38 on Friday. Dollar General Corporation has a 12 month low of $66.43 and a 12 month high of $117.95. The stock has a market cap of $21.88 billion, a P/E ratio of 18.40, a P/E/G ratio of 2.08 and a beta of 0.30. The stock’s fifty day moving average price is $107.44 and its 200-day moving average price is $103.55. The company has a current ratio of 1.25, a quick ratio of 0.27 and a debt-to-equity ratio of 0.71.
Dollar General Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Tuesday, October 7th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, October 7th. This represents a $2.36 annualized dividend and a dividend yield of 2.4%. Dollar General’s dividend payout ratio (DPR) is 43.70%.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on DG shares. Weiss Ratings restated a “hold (c-)” rating on shares of Dollar General in a report on Saturday, September 27th. The Goldman Sachs Group downgraded Dollar General from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $115.00 to $116.00 in a report on Tuesday, June 24th. Telsey Advisory Group set a $123.00 price objective on Dollar General in a report on Friday, August 29th. Barclays increased their price objective on Dollar General from $119.00 to $127.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. Finally, Gordon Haskett decreased their price objective on Dollar General from $130.00 to $115.00 in a report on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and sixteen have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $115.40.
View Our Latest Stock Report on DG
About Dollar General
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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