New Mexico Educational Retirement Board reduced its position in shares of Dollar General Corporation (NYSE:DG) by 8.9% during the second quarter, Holdings Channel reports. The institutional investor owned 23,500 shares of the company’s stock after selling 2,300 shares during the period. New Mexico Educational Retirement Board’s holdings in Dollar General Corporation were worth $1,766,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DG. Alpha Windward LLC increased its position in Dollar General Corporation by 2.4% in the first quarter. Alpha Windward LLC now owns 1,844 shares of the company’s stock worth $129,000 after buying an additional 44 shares in 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 in the last quarter. Harbour Capital Advisors LLC increased its position in Dollar General Corporation by 7,109.3% in the second quarter. Harbour Capital Advisors LLC now owns 10,814 shares of the company’s stock worth $150,000 after buying an additional 10,664 shares in the last quarter. National Asset Management Inc. increased its position in Dollar General Corporation by 8.6% in the first quarter. National Asset Management Inc. now owns 3,273 shares of the company’s stock worth $230,000 after buying an additional 258 shares in the last quarter. Finally, Wrapmanager Inc. increased its position in Dollar General Corporation by 15.1% in the first quarter. Wrapmanager Inc. now owns 3,566 shares of the company’s stock worth $249,000 after buying an additional 469 shares in the last quarter. Hedge funds and other institutional investors own 88.66% of the company’s stock.

Shares of Dollar General Corporation (DG) opened at 75.49 on Friday. The firm has a market capitalization of $20.70 billion, a PE ratio of 17.07 and a beta of 0.93. The company’s 50-day moving average price is $72.64 and its 200 day moving average price is $72.65. Dollar General Corporation has a 12-month low of $65.97 and a 12-month high of $92.65.

Dollar General Corporation (NYSE:DG) last announced its quarterly earnings data on Thursday, June 1st. The company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.03. Dollar General Corporation had a return on equity of 23.07% and a net margin of 5.53%. The business had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.59 billion. During the same period in the prior year, the company earned $1.03 earnings per share. Dollar General Corporation’s revenue was up 6.5% compared to the same quarter last year. On average, equities analysts forecast that Dollar General Corporation will post $4.50 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 25th. Shareholders of record on Tuesday, July 11th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Friday, July 7th. Dollar General Corporation’s dividend payout ratio (DPR) is 23.48%.

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A number of research firms have weighed in on DG. Jefferies Group LLC restated a “hold” rating and issued a $68.00 price target on shares of Dollar General Corporation in a research note on Wednesday, April 19th. Zacks Investment Research upgraded Dollar General Corporation from a “sell” rating to a “hold” rating and set a $88.00 price target for the company in a research note on Friday, June 2nd. BidaskClub upgraded Dollar General Corporation from a “strong sell” rating to a “sell” rating in a research note on Monday, July 24th. Barclays PLC restated a “hold” rating and issued a $76.00 price target on shares of Dollar General Corporation in a research note on Friday, June 2nd. Finally, Morgan Stanley restated an “overweight” rating and issued a $85.00 price target on shares of Dollar General Corporation in a research note on Tuesday, June 6th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eleven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $80.89.

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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