Amalgamated Bank lifted its stake in Dollar General Corporation (NYSE:DG) by 48.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 31,187 shares of the company’s stock after acquiring an additional 10,124 shares during the quarter. Amalgamated Bank’s holdings in Dollar General Corporation were worth $2,248,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of DG. Alpha Windward LLC lifted its holdings in shares of Dollar General Corporation by 3.0% in the 2nd quarter. Alpha Windward LLC now owns 1,900 shares of the company’s stock worth $137,000 after acquiring an additional 56 shares during the last quarter. Huntington National Bank lifted its holdings in shares of Dollar General Corporation by 4.0% in the 2nd quarter. Huntington National Bank now owns 1,965 shares of the company’s stock worth $142,000 after acquiring an additional 75 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Dollar General Corporation by 2.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,034 shares of the company’s stock worth $146,000 after acquiring an additional 48 shares during the last quarter. Harbour Capital Advisors LLC lifted its holdings in shares of Dollar General Corporation by 7,109.3% in the 2nd quarter. Harbour Capital Advisors LLC now owns 10,814 shares of the company’s stock worth $150,000 after acquiring an additional 10,664 shares during the last quarter. Finally, Welch Group LLC lifted its holdings in shares of Dollar General Corporation by 27.1% in the 2nd quarter. Welch Group LLC now owns 2,267 shares of the company’s stock worth $163,000 after acquiring an additional 483 shares during the last quarter. Hedge funds and other institutional investors own 90.51% of the company’s stock.

In related news, EVP Robert D. Ravener sold 11,257 shares of Dollar General Corporation stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $77.00, for a total value of $866,789.00. Following the completion of the sale, the executive vice president now owns 22,598 shares in the company, valued at $1,740,046. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.22% of the stock is currently owned by insiders.

A number of equities research analysts have issued reports on DG shares. Citigroup Inc. increased their target price on shares of Dollar General Corporation from $87.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, September 13th. Deutsche Bank AG reiterated a “hold” rating and set a $79.00 target price on shares of Dollar General Corporation in a report on Friday, September 1st. Jefferies Group LLC increased their target price on shares of Dollar General Corporation from $68.00 to $73.00 and gave the stock a “hold” rating in a report on Friday, September 1st. Zacks Investment Research lowered shares of Dollar General Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 29th. Finally, BidaskClub upgraded shares of Dollar General Corporation from a “hold” rating to a “buy” rating in a report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the company. Dollar General Corporation presently has a consensus rating of “Hold” and a consensus price target of $80.59.

Dollar General Corporation (DG) opened at 77.60 on Monday. The company has a 50 day moving average of $75.65 and a 200-day moving average of $72.80. The stock has a market capitalization of $21.20 billion, a P/E ratio of 17.58 and a beta of 0.94. Dollar General Corporation has a 52-week low of $65.97 and a 52-week high of $80.67.

Dollar General Corporation (NYSE:DG) last issued its quarterly earnings results on Thursday, August 31st. The company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.01. The business had revenue of $5.83 billion during the quarter, compared to analyst estimates of $5.80 billion. Dollar General Corporation had a net margin of 5.38% and a return on equity of 22.67%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.08 earnings per share. Equities research analysts anticipate that Dollar General Corporation will post $4.51 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 24th. Investors of record on Tuesday, October 10th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.34%. Dollar General Corporation’s dividend payout ratio (DPR) is presently 23.48%.

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Dollar General Corporation 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.

Institutional Ownership by Quarter for Dollar General Corporation (NYSE:DG)

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