Pendal Group Ltd trimmed its holdings in Dollar General Corp. (NYSE:DG) by 21.8% in the second quarter, Holdings Channel.com reports. The institutional investor owned 618,469 shares of the company’s stock after selling 171,953 shares during the quarter. Pendal Group Ltd’s holdings in Dollar General were worth $74,962,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Clean Yield Group bought a new position in shares of Dollar General in the 2nd quarter valued at approximately $26,000. Squar Milner Financial Services LLC boosted its stake in Dollar General by 73.0% in the 2nd quarter. Squar Milner Financial Services LLC now owns 192 shares of the company’s stock valued at $26,000 after buying an additional 81 shares in the last quarter. JNBA Financial Advisors boosted its stake in Dollar General by 106.4% in the 2nd quarter. JNBA Financial Advisors now owns 194 shares of the company’s stock valued at $26,000 after buying an additional 100 shares in the last quarter. Arcadia Investment Management Corp MI bought a new position in Dollar General in the 2nd quarter valued at $27,000. Finally, Ellis Investment Partners LLC bought a new position in Dollar General in the 1st quarter valued at $30,000. Institutional investors and hedge funds own 95.32% of the company’s stock.

Shares of NYSE DG traded up $0.46 during mid-day trading on Tuesday, hitting $135.40. 59,252 shares of the stock traded hands, compared to its average volume of 1,698,242. The company has a current ratio of 1.16, a quick ratio of 0.12 and a debt-to-equity ratio of 1.52. Dollar General Corp. has a twelve month low of $98.08 and a twelve month high of $145.06. The firm has a market capitalization of $35.02 billion, a P/E ratio of 22.67, a PEG ratio of 1.92 and a beta of 0.67. The firm’s 50 day simple moving average is $137.80.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, May 30th. The company reported $1.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.39 by $0.09. Dollar General had a return on equity of 25.03% and a net margin of 6.16%. The company had revenue of $6.62 billion for the quarter, compared to the consensus estimate of $6.57 billion. During the same quarter last year, the business posted $1.36 EPS. Dollar General’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, equities analysts anticipate that Dollar General Corp. will post 6.47 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 23rd. Investors of record on Tuesday, July 9th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Monday, July 8th. Dollar General’s dividend payout ratio (DPR) is 21.44%.

A number of equities research analysts have recently weighed in on DG shares. Loop Capital upgraded Dollar General from a “hold” rating to a “buy” rating and boosted their target price for the stock from $105.00 to $152.00 in a research report on Tuesday, April 30th. Zacks Investment Research raised Dollar General from a “hold” rating to a “buy” rating and set a $134.00 price target for the company in a research report on Wednesday, May 22nd. Buckingham Research reissued a “positive” rating and set a $152.00 price target (up from $125.00) on shares of Dollar General in a research report on Friday, May 31st. KeyCorp restated an “overweight” rating and issued a $140.00 price objective (up previously from $125.00) on shares of Dollar General in a research note on Friday, May 31st. Finally, BMO Capital Markets increased their target price on Dollar General from $133.00 to $140.00 and gave the stock an “outperform” rating in a research note on Friday, May 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company. Dollar General currently has a consensus rating of “Buy” and an average price target of $134.68.

Dollar General Company 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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