Summit Securities Group LLC bought a new stake in shares of Dollar General Corporation (NYSE:DG) during the second quarter, according to its most recent 13F filing with the SEC. The firm bought 3,140 shares of the company’s stock, valued at approximately $226,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DG. BlackRock Inc. increased its position in shares of Dollar General Corporation by 4,173.7% in the first quarter. BlackRock Inc. now owns 22,144,062 shares of the company’s stock valued at $1,544,106,000 after buying an additional 21,625,909 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Dollar General Corporation by 2.5% in the first quarter. Vanguard Group Inc. now owns 17,300,011 shares of the company’s stock valued at $1,206,329,000 after buying an additional 430,091 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Dollar General Corporation by 20.5% in the first quarter. Bank of New York Mellon Corp now owns 8,215,436 shares of the company’s stock valued at $572,863,000 after buying an additional 1,398,043 shares during the last quarter. Longview Partners Guernsey LTD purchased a new position in shares of Dollar General Corporation during the second quarter valued at $577,548,000. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in shares of Dollar General Corporation by 281.5% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,740,089 shares of the company’s stock valued at $330,886,000 after buying an additional 3,497,733 shares during the last quarter. 88.66% of the stock is owned by hedge funds and other institutional investors.

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

Dollar General Corporation (NYSE:DG) last posted its quarterly earnings results on Thursday, June 1st. The company reported $1.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.03. The company had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.59 billion. Dollar General Corporation had a return on equity of 23.07% and a net margin of 5.53%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the business earned $1.03 EPS. Analysts forecast that Dollar General Corporation will post $4.50 EPS for the current fiscal year.

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

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Several research analysts recently weighed in on DG shares. Deutsche Bank AG reissued a “hold” rating and issued a $79.00 target price (up previously from $78.00) on shares of Dollar General Corporation in a research note on Saturday, June 3rd. Jefferies Group LLC reissued a “hold” rating and issued a $68.00 target price on shares of Dollar General Corporation in a research note on Wednesday, July 19th. Royal Bank Of Canada boosted their target price on shares of Dollar General Corporation from $81.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, June 2nd. Zacks Investment Research raised shares of Dollar General Corporation from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research note on Friday, June 9th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $88.00 target price on shares of Dollar General Corporation in a research note on Wednesday, May 17th. Two 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 company’s stock. The stock has an average rating of “Hold” and an average price target 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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