Parametric Portfolio Associates LLC Decreases Stake in Dollar General Corp. (NYSE:DG)

Parametric Portfolio Associates LLC cut its stake in shares of Dollar General Corp. (NYSE:DG) by 0.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,576,409 shares of the company’s stock after selling 174 shares during the quarter. Parametric Portfolio Associates LLC’s holdings in Dollar General were worth $213,067,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in DG. Weatherly Asset Management L. P. lifted its stake in Dollar General by 3.1% during the second quarter. Weatherly Asset Management L. P. now owns 2,611 shares of the company’s stock worth $353,000 after purchasing an additional 79 shares during the last quarter. Squar Milner Financial Services LLC raised its holdings in Dollar General by 73.0% during the second quarter. Squar Milner Financial Services LLC now owns 192 shares of the company’s stock worth $26,000 after purchasing an additional 81 shares in the last quarter. Huntington National Bank raised its holdings in Dollar General by 6.6% during the second quarter. Huntington National Bank now owns 1,526 shares of the company’s stock worth $206,000 after purchasing an additional 95 shares in the last quarter. Commonwealth Bank of Australia lifted its position in shares of Dollar General by 0.3% during the 1st quarter. Commonwealth Bank of Australia now owns 34,024 shares of the company’s stock worth $4,052,000 after buying an additional 100 shares during the last quarter. Finally, JNBA Financial Advisors lifted its position in shares of Dollar General by 106.4% during the 2nd quarter. JNBA Financial Advisors now owns 194 shares of the company’s stock worth $26,000 after buying an additional 100 shares during the last quarter. 92.75% of the stock is owned by institutional investors and hedge funds.

A number of research firms recently commented on DG. Sanford C. Bernstein raised shares of Dollar General from a “market perform” rating to an “outperform” rating in a research report on Wednesday. KeyCorp set a $180.00 price target on shares of Dollar General and gave the company a “buy” rating in a research report on Friday, August 30th. Piper Jaffray Companies upped their price objective on shares of Dollar General from $137.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. Telsey Advisory Group raised their price objective on Dollar General from $145.00 to $168.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Finally, Wells Fargo & Co lowered Dollar General from an “outperform” rating to a “market perform” rating and set a $140.00 price objective on the stock. in a report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $158.32.

DG traded down $1.61 during midday trading on Wednesday, reaching $155.48. 129,203 shares of the company’s stock were exchanged, compared to its average volume of 1,959,323. Dollar General Corp. has a 1-year low of $98.08 and a 1-year high of $162.34. The stock has a market capitalization of $40.38 billion, a PE ratio of 26.02, a P/E/G ratio of 2.22 and a beta of 0.55. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.14 and a quick ratio of 0.12. The business’s 50-day moving average price is $141.97 and its 200 day moving average price is $130.32.

Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, August 29th. The company reported $1.74 EPS for the quarter, beating the consensus estimate of $1.58 by $0.16. Dollar General had a net margin of 6.11% and a return on equity of 25.34%. The business had revenue of $6.98 billion for the quarter, compared to analyst estimates of $6.89 billion. During the same period in the prior year, the business earned $1.52 earnings per share. The company’s quarterly revenue was up 8.4% on a year-over-year basis. As a group, analysts expect that Dollar General Corp. will post 6.53 EPS for the current fiscal year.

The business also recently announced a — dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th will be paid a $0.32 dividend. This represents a yield of 0.8%. The ex-dividend date is Monday, October 7th. Dollar General’s payout ratio is currently 21.44%.

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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