Utah Retirement Systems cut its stake in Dollar General Corporation (NYSE:DG) by 3.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 50,433 shares of the company’s stock after selling 1,700 shares during the period. Utah Retirement Systems’ holdings in Dollar General Corporation were worth $3,636,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Alpha Windward LLC increased its position in Dollar General Corporation by 3.0% in the second quarter. Alpha Windward LLC now owns 1,900 shares of the company’s stock worth $137,000 after buying an additional 56 shares during the last quarter. Huntington National Bank increased its position in Dollar General Corporation by 4.0% in the second quarter. Huntington National Bank now owns 1,965 shares of the company’s stock worth $142,000 after buying an additional 75 shares during the last quarter. Welch Group LLC increased its position in Dollar General Corporation by 27.1% in the second quarter. Welch Group LLC now owns 2,267 shares of the company’s stock worth $163,000 after buying an additional 483 shares during the last quarter. Sigma Planning Corp purchased a new position in Dollar General Corporation during the second quarter worth about $202,000. Finally, Summit Securities Group LLC purchased a new position in Dollar General Corporation during the second quarter worth about $226,000. Institutional investors own 90.28% of the company’s stock.

Shares of Dollar General Corporation (NYSE DG) opened at 76.89 on Wednesday. The company’s 50 day moving average price is $73.82 and its 200 day moving average price is $72.86. The firm has a market cap of $21.09 billion, a P/E ratio of 17.38 and a beta of 0.93. Dollar General Corporation has a 12-month low of $65.97 and a 12-month high of $80.67. Dollar General Corporation also saw some unusual options trading activity on Monday. Stock investors bought 9,363 put options on the stock. This represents an increase of 477% compared to the typical daily volume of 1,622 put options.

Dollar General Corporation (NYSE:DG) last issued its quarterly earnings results on Thursday, June 1st. The company reported $1.03 EPS for the quarter, beating the consensus estimate of $1.00 by $0.03. The company had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.59 billion. Dollar General Corporation had a net margin of 5.53% and a return on equity of 23.07%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.03 EPS. Equities research analysts forecast that Dollar General Corporation will post $4.50 EPS for the current year.

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A number of research analysts recently issued reports on the company. Sanford C. Bernstein reiterated an “outperform” rating and set a $88.00 price objective on shares of Dollar General Corporation in a report on Wednesday, May 17th. BMO Capital Markets reiterated a “neutral” rating and set a $85.00 price objective (up from $76.00) on shares of Dollar General Corporation in a report on Friday, June 2nd. Zacks Investment Research raised Dollar General Corporation from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a research report on Friday, June 9th. BidaskClub cut Dollar General Corporation from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Finally, Buckingham Research reissued a “neutral” rating and set a $75.00 price target on shares of Dollar General Corporation in a research report on Monday, August 7th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twelve have assigned a buy rating to the company. Dollar General Corporation has an average rating of “Hold” and an average price target of $81.56.

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.

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

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