First National Bank of Omaha lowered its stake in shares of Dollar General Corp. (NYSE:DG) by 0.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 74,872 shares of the company’s stock after selling 415 shares during the quarter. First National Bank of Omaha’s holdings in Dollar General were worth $10,120,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in DG. Comerica Securities Inc. bought a new position in shares of Dollar General in the fourth quarter worth approximately $511,000. Geode Capital Management LLC increased its stake in Dollar General by 9.7% during the fourth quarter. Geode Capital Management LLC now owns 3,767,235 shares of the company’s stock worth $406,512,000 after purchasing an additional 334,530 shares during the period. MML Investors Services LLC grew its position in shares of Dollar General by 10.9% during the fourth quarter. MML Investors Services LLC now owns 12,525 shares of the company’s stock worth $1,354,000 after buying an additional 1,229 shares in the last quarter. Nuveen Asset Management LLC grew its position in shares of Dollar General by 417.0% during the fourth quarter. Nuveen Asset Management LLC now owns 97,402 shares of the company’s stock worth $10,527,000 after buying an additional 78,561 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its position in shares of Dollar General by 6.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 11,622 shares of the company’s stock worth $1,256,000 after buying an additional 708 shares in the last quarter. Hedge funds and other institutional investors own 95.09% of the company’s stock.

DG traded down $0.82 on Tuesday, reaching $137.22. The company’s stock had a trading volume of 2,217,045 shares, compared to its average volume of 1,970,438. The business has a 50 day simple moving average of $137.67. 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 company has a market capitalization of $35.11 billion, a P/E ratio of 22.98, a price-to-earnings-growth ratio of 2.00 and a beta of 0.68. Dollar General Corp. has a fifty-two week low of $96.37 and a fifty-two week high of $145.06.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, May 30th. The company reported $1.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.39 by $0.09. The firm had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.57 billion. Dollar General had a return on equity of 25.03% and a net margin of 6.16%. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.36 earnings per share. On average, research analysts forecast that Dollar General Corp. will post 6.47 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 23rd. Investors of record on Tuesday, July 9th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date is Monday, July 8th. Dollar General’s dividend payout ratio (DPR) is 21.44%.

DG has been the subject of a number of analyst reports. Raymond James reissued a “buy” rating on shares of Kelt Exploration in a research report on Friday, May 31st. Zacks Investment Research downgraded Horiba from a “hold” rating to a “sell” rating in a research report on Wednesday, May 22nd. Morgan Stanley initiated coverage on in a research report on Monday, June 17th. They set an “equal weight” rating and a GBX 215 ($2.81) price objective for the company. KeyCorp reissued an “overweight” rating and set a $214.00 price objective (up from $206.00) on shares of VMware in a research report on Friday, May 31st. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $138.00 price objective (up from $129.00) on shares of Dollar General in a research report on Friday, May 31st. One research analyst has rated the stock with a sell rating, two have assigned 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 an average price target of $133.33.

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

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