Cullen Frost Bankers Inc. cut its position in Dollar General Corp. (NYSE:DG) by 1.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 179,686 shares of the company’s stock after selling 2,485 shares during the period. Cullen Frost Bankers Inc.’s holdings in Dollar General Corp. were worth $16,891,000 as of its most recent filing with the SEC.
Other institutional investors have also made changes to their positions in the company. Sigma Planning Corp acquired a new position in shares of Dollar General Corp. during the second quarter worth $200,000. Burns J W & Co. Inc. NY acquired a new position in shares of Dollar General Corp. during the second quarter worth $203,000. Checchi Capital Advisers LLC increased its position in shares of Dollar General Corp. by 2.0% in the second quarter. Checchi Capital Advisers LLC now owns 2,219 shares of the company’s stock worth $209,000 after buying an additional 43 shares during the last quarter. Alpha Windward LLC increased its position in shares of Dollar General Corp. by 19.5% in the second quarter. Alpha Windward LLC now owns 2,240 shares of the company’s stock worth $211,000 after buying an additional 365 shares during the last quarter. Finally, Genesee Valley Trust Co. acquired a new position in shares of Dollar General Corp. during the second quarter worth $213,000. Hedge funds and other institutional investors own 85.44% of the company’s stock.
Dollar General Corp. (NYSE:DG) traded down 0.40% during mid-day trading on Thursday, reaching $71.89. 4,682,917 shares of the company’s stock traded hands. The firm has a market cap of $20.25 billion, a price-to-earnings ratio of 16.81 and a beta of 0.63. The firm’s 50-day moving average price is $81.65 and its 200 day moving average price is $85.90. Dollar General Corp. has a one year low of $59.75 and a one year high of $96.88.
Dollar General Corp. (NYSE:DG) last issued its quarterly earnings results on Thursday, August 25th. The company reported $1.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by $0.01. The business had revenue of $5.39 billion for the quarter, compared to analysts’ expectations of $5.50 billion. Dollar General Corp. had a return on equity of 22.95% and a net margin of 5.86%. The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.95 EPS. On average, equities analysts forecast that Dollar General Corp. will post $4.50 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 28th. Stockholders of record on Wednesday, September 14th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend is Monday, September 12th. Dollar General Corp.’s dividend payout ratio is presently 23.42%.
Several research firms recently commented on DG. Telsey Advisory Group reiterated a “buy” rating on shares of Dollar General Corp. in a research note on Sunday, May 29th. BTIG Research began coverage on Dollar General Corp. in a research note on Wednesday, June 1st. They issued a “buy” rating and a $105.00 price objective on the stock. Royal Bank Of Canada reiterated a “buy” rating on shares of Dollar General Corp. in a research note on Sunday, May 29th. Credit Suisse Group AG upped their price objective on Dollar General Corp. from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Friday, May 27th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of Dollar General Corp. in a research note on Friday, June 10th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Dollar General Corp. presently has an average rating of “Hold” and an average price target of $90.33.
In other news, Director William C. Rhodes III bought 5,000 shares of the stock in a transaction that occurred on Friday, August 26th. The shares were bought at an average price of $76.30 per share, for a total transaction of $381,500.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael M. Calbert bought 13,000 shares of the stock in a transaction that occurred on Tuesday, August 30th. The shares were purchased at an average price of $75.53 per share, for a total transaction of $981,890.00. The disclosure for this purchase can be found here. Insiders own 0.22% of the company’s stock.
About Dollar General Corp.
Dollar General Corporation is a discount retailer. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. The Company’s consumables category includes paper and cleaning products (such as paper towels, bath tissue, and other home cleaning supplies); packaged food (such as cereals, spices, sugar and flour); perishables (such as milk, beer and wine); snacks (such as candy, cookies, and carbonated beverages); health and beauty (such as over-the-counter medicines and personal care products); pet (pet supplies and pet food), and tobacco products.
Want to see what other hedge funds are holding DG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dollar General Corp. (NYSE:DG).
Receive News & Ratings for Dollar General Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar General Corp. and related companies with MarketBeat.com's FREE daily email newsletter.