Private Advisor Group LLC reduced its position in Dollar General Corp. (NYSE:DG) by 15.2% during the second quarter, Holdings Channel reports. The firm owned 4,839 shares of the company’s stock after selling 866 shares during the period. Private Advisor Group LLC’s holdings in Dollar General Corp. were worth $456,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Institutional Trust Company N.A. boosted its stake in Dollar General Corp. by 0.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 8,017,829 shares of the company’s stock worth $686,326,000 after buying an additional 72,777 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Dollar General Corp. by 3.6% in the second quarter. JPMorgan Chase & Co. now owns 5,475,274 shares of the company’s stock worth $514,676,000 after buying an additional 188,188 shares in the last quarter. CAM Group Holding A S boosted its stake in Dollar General Corp. by 3.2% in the second quarter. CAM Group Holding A S now owns 3,576,704 shares of the company’s stock worth $336,210,000 after buying an additional 109,279 shares in the last quarter. Geode Capital Management LLC boosted its stake in Dollar General Corp. by 6.4% in the first quarter. Geode Capital Management LLC now owns 2,568,503 shares of the company’s stock worth $219,454,000 after buying an additional 153,968 shares in the last quarter. Finally, USS Investment Management Ltd boosted its stake in Dollar General Corp. by 1.6% in the first quarter. USS Investment Management Ltd now owns 2,445,767 shares of the company’s stock worth $209,431,000 after buying an additional 38,932 shares in the last quarter. Institutional investors and hedge funds own 85.31% of the company’s stock.

Shares of Dollar General Corp. (NYSE:DG) traded down 0.11% during midday trading on Monday, hitting $71.83. 1,642,103 shares of the company’s stock were exchanged. The stock has a market cap of $20.24 billion, a PE ratio of 16.80 and a beta of 0.63. Dollar General Corp. has a 1-year low of $59.75 and a 1-year high of $96.88. The stock’s 50 day moving average is $85.57 and its 200-day moving average is $86.11.

Dollar General Corp. (NYSE:DG) last released its quarterly earnings data on Thursday, August 25th. The company reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by $0.01. Dollar General Corp. had a return on equity of 22.95% and a net margin of 5.86%. The business had revenue of $5.39 billion for the quarter, compared to analysts’ expectations of $5.50 billion. During the same quarter in the prior year, the firm earned $0.95 earnings per share. Dollar General Corp.’s quarterly revenue was up 5.7% compared to the same quarter last year. Analysts predict that Dollar General Corp. will post $4.50 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 28th. Shareholders of record on Wednesday, September 14th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, September 12th. This represents a $1.00 annualized dividend and a yield of 1.39%. Dollar General Corp.’s dividend payout ratio is currently 23.42%.

A number of analysts have recently commented on DG shares. Deutsche Bank AG reissued a “buy” rating and set a $95.00 target price (up previously from $91.00) on shares of Dollar General Corp. in a research note on Monday, May 23rd. MKM Partners boosted their target price on shares of Dollar General Corp. from $91.00 to $97.00 and gave the stock a “buy” rating in a research note on Thursday, May 26th. Credit Suisse Group AG boosted their target price on shares of Dollar General Corp. from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Friday, May 27th. Telsey Advisory Group upped their price objective on shares of Dollar General Corp. from $89.00 to $95.00 and gave the company an “outperform” rating in a research note on Friday, May 27th. Finally, Royal Bank Of Canada upped their price objective on shares of Dollar General Corp. from $91.00 to $98.00 and gave the company an “outperform” rating in a research note on Friday, May 27th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $90.33.

In other news, Director William C. Rhodes III bought 5,000 shares of Dollar General Corp. stock in a transaction dated Friday, August 26th. The shares were acquired at an average cost of $76.30 per share, with a total value of $381,500.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael M. Calbert bought 13,000 shares of Dollar General Corp. stock in a transaction dated Tuesday, August 30th. The shares were purchased at an average cost of $75.53 per share, for a total transaction of $981,890.00. The disclosure for this purchase can be found here. Company insiders own 0.22% of the company’s stock.

Dollar General Corp. Company Profile

Dollar General Corporation is a discount retailer. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. The Company’s consumables category includes paper and cleaning products (such as paper towels, bath tissue, and other home cleaning supplies); packaged food (such as cereals, spices, sugar and flour); perishables (such as milk, beer and wine); snacks (such as candy, cookies, and carbonated beverages); health and beauty (such as over-the-counter medicines and personal care products); pet (pet supplies and pet food), and tobacco products.

5 Day Chart for NYSE:DG

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