Charles Schwab Investment Management Inc. cut its holdings in shares of Dollar General Corp. (NYSE:DG) by 3.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,188,976 shares of the company’s stock after selling 39,832 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Dollar General were worth $226,512,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. State Street Corp increased its stake in shares of Dollar General by 0.4% during the 1st quarter. State Street Corp now owns 11,394,721 shares of the company’s stock worth $1,720,717,000 after purchasing an additional 45,463 shares during the last quarter. Capital World Investors increased its stake in shares of Dollar General by 126.1% during the 1st quarter. Capital World Investors now owns 11,081,796 shares of the company’s stock worth $1,673,462,000 after purchasing an additional 6,181,380 shares during the last quarter. FMR LLC increased its stake in shares of Dollar General by 22.3% during the 2nd quarter. FMR LLC now owns 9,791,830 shares of the company’s stock worth $1,865,441,000 after purchasing an additional 1,785,155 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Dollar General by 5.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,391,868 shares of the company’s stock worth $512,204,000 after purchasing an additional 174,476 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Dollar General by 3.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,313,649 shares of the company’s stock worth $631,284,000 after purchasing an additional 101,488 shares during the last quarter. 91.08% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently weighed in on DG shares. Barclays boosted their price objective on shares of Dollar General from $210.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday, August 28th. Raymond James restated a “buy” rating and set a $235.00 price objective on shares of Dollar General in a research note on Friday, August 28th. Credit Suisse Group restated a “neutral” rating and set a $182.00 price objective on shares of Dollar General in a research note on Wednesday, August 5th. Deutsche Bank upped their price target on shares of Dollar General from $159.00 to $187.00 and gave the company a “hold” rating in a research note on Tuesday, May 26th. Finally, Telsey Advisory Group upped their price target on shares of Dollar General from $210.00 to $225.00 and gave the company an “outperform” rating in a research note on Monday, August 24th. Six investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. Dollar General currently has an average rating of “Buy” and an average price target of $212.67.

Shares of Dollar General stock traded up $0.59 on Wednesday, reaching $203.46. 45,716 shares of the stock were exchanged, compared to its average volume of 2,311,249. The firm’s 50 day moving average is $196.70 and its 200-day moving average is $180.57. Dollar General Corp. has a one year low of $125.00 and a one year high of $206.98. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.59 and a current ratio of 1.40. The firm has a market cap of $50.52 billion, a PE ratio of 22.05, a P/E/G ratio of 1.65 and a beta of 0.49.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, August 27th. The company reported $3.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.44 by $0.68. Dollar General had a net margin of 7.48% and a return on equity of 33.51%. The company had revenue of $8.68 billion during the quarter, compared to the consensus estimate of $8.35 billion. During the same quarter in the prior year, the firm posted $1.74 EPS. The firm’s quarterly revenue was up 24.4% on a year-over-year basis. On average, equities research analysts expect that Dollar General Corp. will post 9.49 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 20th. Stockholders of record on Tuesday, October 6th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Monday, October 5th. Dollar General’s dividend payout ratio (DPR) is presently 21.40%.

In related news, CEO Todd J. Vasos sold 37,237 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $200.07, for a total value of $7,450,006.59. Following the completion of the transaction, the chief executive officer now owns 301,879 shares of the company’s stock, valued at approximately $60,396,931.53. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Anita C. Elliott sold 11,032 shares of the stock in a transaction that occurred on Friday, June 19th. The shares were sold at an average price of $192.77, for a total transaction of $2,126,638.64. Following the completion of the transaction, the chief accounting officer now directly owns 15,158 shares of the company’s stock, valued at approximately $2,922,007.66. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 88,102 shares of company stock valued at $17,502,742. 0.72% of the stock is currently owned by insiders.

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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