Dollar General Co. (NYSE:DG) Stock Holdings Lessened by W.H. Cornerstone Investments Inc.

W.H. Cornerstone Investments Inc. lowered its stake in Dollar General Co. (NYSE:DG) by 26.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,141 shares of the company’s stock after selling 766 shares during the period. W.H. Cornerstone Investments Inc.’s holdings in Dollar General were worth $364,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Birch Capital Management LLC increased its holdings in shares of Dollar General by 147.2% in the second quarter. Birch Capital Management LLC now owns 1,090 shares of the company’s stock valued at $185,000 after buying an additional 649 shares in the last quarter. Buckingham Capital Management Inc. grew its position in Dollar General by 3.7% during the 2nd quarter. Buckingham Capital Management Inc. now owns 48,808 shares of the company’s stock worth $8,287,000 after purchasing an additional 1,759 shares in the last quarter. Willis Investment Counsel grew its position in Dollar General by 0.3% during the 2nd quarter. Willis Investment Counsel now owns 66,103 shares of the company’s stock worth $11,223,000 after purchasing an additional 187 shares in the last quarter. Level Four Advisory Services LLC grew its position in Dollar General by 6.2% during the 2nd quarter. Level Four Advisory Services LLC now owns 6,805 shares of the company’s stock worth $1,155,000 after purchasing an additional 395 shares in the last quarter. Finally, City State Bank grew its position in Dollar General by 13.7% during the 2nd quarter. City State Bank now owns 1,246 shares of the company’s stock worth $212,000 after purchasing an additional 150 shares in the last quarter. Institutional investors own 90.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on DG shares. Telsey Advisory Group cut shares of Dollar General from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $185.00 to $145.00 in a research report on Friday, September 1st. Citigroup lowered their price objective on shares of Dollar General from $185.00 to $146.00 in a research report on Friday, September 1st. Barclays lowered their price objective on shares of Dollar General from $165.00 to $128.00 and set an “equal weight” rating on the stock in a research report on Friday, September 1st. OTR Global upgraded shares of Dollar General to a “positive” rating in a research report on Friday, May 26th. Finally, The Goldman Sachs Group lowered their price target on shares of Dollar General from $216.00 to $160.00 and set a “buy” rating on the stock in a report on Friday, September 1st. Seventeen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Dollar General presently has a consensus rating of “Hold” and an average target price of $159.41.

Dollar General Stock Down 1.7 %

Dollar General stock opened at $113.66 on Tuesday. The firm has a market cap of $24.95 billion, a price-to-earnings ratio of 11.65, a P/E/G ratio of 2.06 and a beta of 0.30. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.39 and a quick ratio of 0.15. Dollar General Co. has a fifty-two week low of $112.91 and a fifty-two week high of $261.59. The firm has a fifty day moving average price of $155.04 and a two-hundred day moving average price of $183.90.

Dollar General (NYSE:DG) last released its earnings results on Thursday, August 31st. The company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.47 by ($0.34). The firm had revenue of $9.80 billion for the quarter, compared to analyst estimates of $9.93 billion. Dollar General had a return on equity of 36.34% and a net margin of 5.59%. The firm’s revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.98 EPS. As a group, analysts forecast that Dollar General Co. will post 7.77 earnings per share for the current year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 24th. Stockholders of record on Tuesday, October 10th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Friday, October 6th. Dollar General’s payout ratio is 24.18%.

About Dollar General

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.