Dollar General Corp. (NYSE:DG) Stock Position Increased by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA boosted its position in Dollar General Corp. (NYSE:DG) by 12.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,461,726 shares of the company’s stock after purchasing an additional 383,999 shares during the quarter. Massachusetts Financial Services Co. MA owned about 1.35% of Dollar General worth $550,207,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of DG. Price T Rowe Associates Inc. MD raised its position in shares of Dollar General by 3.9% during the 2nd 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 in the last quarter. BlackRock Inc. raised its position in shares of Dollar General by 3.3% during the 2nd 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 in the last quarter. Vanguard Group Inc. raised its position in shares of Dollar General by 0.8% during the 2nd 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 in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Dollar General by 2.8% during the 2nd 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 in the last quarter. Finally, California Public Employees Retirement System raised its position in shares of Dollar General by 6.9% during the 3rd quarter. California Public Employees Retirement System now owns 2,205,984 shares of the company’s stock worth $350,619,000 after buying an additional 142,729 shares in the last quarter. Hedge funds and other institutional investors own 93.61% of the company’s stock.

A number of research firms have commented on DG. KeyCorp set a $180.00 price target on shares of Dollar General and gave the stock a “buy” rating in a research 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 research note on Friday, August 30th. ValuEngine cut shares of Dollar General from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research cut shares of Dollar General from a “buy” rating to a “hold” rating and set a $170.00 price objective on the stock. in a research note on Monday, September 30th. Finally, Sanford C. Bernstein raised shares of Dollar General from a “market perform” rating to an “outperform” rating in a research note on Wednesday, September 11th. One analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have assigned a buy rating to the stock. Dollar General presently has an average rating of “Buy” and an average target price of $154.82.

Shares of Dollar General stock traded up $0.10 during trading on Tuesday, hitting $157.10. The stock had a trading volume of 978,253 shares, compared to its average volume of 1,286,488. The stock has a 50 day simple moving average of $160.72 and a 200 day simple moving average of $142.46. The company has a market capitalization of $40.58 billion, a PE ratio of 26.31, a P/E/G ratio of 2.34 and a beta of 0.53. The company has a quick ratio of 0.12, a current ratio of 1.14 and a debt-to-equity ratio of 1.49. Dollar General Corp. has a 1 year low of $98.08 and a 1 year high of $166.98.

Dollar General (NYSE:DG) last released its earnings results on Thursday, August 29th. The company reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.16. The business had revenue of $6.98 billion for the quarter, compared to the consensus estimate of $6.89 billion. Dollar General had a net margin of 6.11% and a return on equity of 25.34%. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period last year, the firm posted $1.52 earnings per share. As a group, equities analysts expect that Dollar General Corp. will post 6.61 earnings per share for the current fiscal year.

The company also recently announced a — dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th were given a $0.32 dividend. This represents a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, October 7th. Dollar General’s dividend payout ratio (DPR) is currently 21.44%.

About Dollar General

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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