Hudson Valley Investment Advisors Inc. ADV Reduces Stock Position in Dollar General Corp. (NYSE:DG)

Hudson Valley Investment Advisors Inc. ADV lessened its stake in shares of Dollar General Corp. (NYSE:DG) by 1.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,755 shares of the company’s stock after selling 256 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV’s holdings in Dollar General were worth $2,822,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its holdings in shares of Dollar General by 3.9% in the second quarter. Price T Rowe Associates Inc. MD now owns 25,655,326 shares of the company’s stock worth $3,467,574,000 after buying an additional 957,133 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Dollar General by 3.3% in the second quarter. BlackRock Inc. now owns 23,673,230 shares of the company’s stock worth $3,199,675,000 after buying an additional 762,969 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Dollar General by 0.8% in the second quarter. Vanguard Group Inc. now owns 19,872,314 shares of the company’s stock worth $2,685,943,000 after buying an additional 162,201 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Dollar General by 2.8% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 5,300,795 shares of the company’s stock worth $716,455,000 after buying an additional 144,950 shares during the last quarter. Finally, Alecta Pensionsforsakring Omsesidigt boosted its holdings in shares of Dollar General by 15.8% in the second quarter. Alecta Pensionsforsakring Omsesidigt now owns 2,193,000 shares of the company’s stock worth $296,340,000 after buying an additional 300,000 shares during the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

DG has been the topic of a number of research reports. Wells Fargo & Co downgraded shares of 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. Buckingham Research raised their price objective on shares of Dollar General from $152.00 to $178.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Raymond James set a $180.00 price objective on shares of Dollar General and gave the stock a “buy” rating in a report on Friday, August 30th. Citigroup raised their price objective on shares of Dollar General from $148.00 to $184.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Finally, Barclays raised their price objective on shares of Dollar General from $141.00 to $180.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eighteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $162.95.

NYSE DG opened at $164.41 on Friday. Dollar General Corp. has a 12 month low of $98.08 and a 12 month high of $164.97. The stock has a market cap of $41.87 billion, a price-to-earnings ratio of 27.54, a PEG ratio of 2.56 and a beta of 0.54. The company’s 50 day moving average is $159.08 and its two-hundred day moving average is $137.97. The company has a current ratio of 1.14, a quick ratio of 0.12 and a debt-to-equity ratio of 1.49.

Dollar General (NYSE:DG) last released its earnings results on Thursday, August 29th. The company reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.16. Dollar General had a net margin of 6.11% and a return on equity of 25.34%. The company had revenue of $6.98 billion for the quarter, compared to analysts’ expectations of $6.89 billion. During the same quarter last year, the business earned $1.52 EPS. The firm’s revenue was up 8.4% compared to the same quarter last year. Sell-side analysts forecast that Dollar General Corp. will post 6.61 EPS for the current year.

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

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.

Further Reading: What is Considered a Good Return on Equity (ROE)?

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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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