Bank of America Corp DE boosted its stake in Dollar General Corp. (NYSE:DG) by 22.6% in the second quarter, HoldingsChannel.com reports. The firm owned 981,869 shares of the company’s stock after acquiring an additional 180,710 shares during the period. Bank of America Corp DE’s holdings in Dollar General were worth $96,811,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Community Bank N.A. grew its position in shares of Dollar General by 240.2% during the 2nd quarter. Community Bank N.A. now owns 1,657 shares of the company’s stock valued at $164,000 after acquiring an additional 1,170 shares during the period. Steward Partners Investment Advisory LLC grew its position in shares of Dollar General by 50.2% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,784 shares of the company’s stock valued at $176,000 after acquiring an additional 596 shares during the period. D.A. Davidson & CO. bought a new stake in shares of Dollar General during the 1st quarter valued at $202,000. Checchi Capital Advisers LLC bought a new stake in shares of Dollar General during the 2nd quarter valued at $205,000. Finally, Peapack Gladstone Financial Corp bought a new stake in shares of Dollar General during the 1st quarter valued at $209,000. 94.99% of the stock is owned by institutional investors and hedge funds.

DG has been the subject of a number of recent research reports. Barclays cut their price objective on shares of Dollar General from $95.00 to $90.00 and set an “equal weight” rating for the company in a research report on Friday, June 1st. Telsey Advisory Group cut their price objective on shares of Dollar General from $120.00 to $110.00 and set an “outperform” rating for the company in a research report on Friday, June 1st. Deutsche Bank boosted their price objective on shares of Dollar General from $123.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, August 31st. MKM Partners boosted their price objective on shares of Dollar General to $117.00 and gave the company a “buy” rating in a research report on Tuesday, August 28th. Finally, Zacks Investment Research downgraded shares of Dollar General from a “buy” rating to a “hold” rating in a research report on Monday, August 20th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $103.33.

Shares of Dollar General stock opened at $107.25 on Tuesday. The firm has a market capitalization of $29.39 billion, a P/E ratio of 23.89, a PEG ratio of 1.33 and a beta of 0.94. The company has a quick ratio of 0.21, a current ratio of 1.55 and a debt-to-equity ratio of 0.44. Dollar General Corp. has a fifty-two week low of $76.13 and a fifty-two week high of $112.59.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, August 30th. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.03. The company had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.38 billion. Dollar General had a net margin of 7.06% and a return on equity of 23.51%. Dollar General’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.10 EPS. sell-side analysts forecast that Dollar General Corp. will post 6.1 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 23rd. Investors of record on Tuesday, October 9th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.08%. The ex-dividend date is Friday, October 5th. Dollar General’s dividend payout ratio is currently 25.84%.

In related news, EVP Robert D. Ravener sold 10,000 shares of the company’s stock in a transaction on Friday, June 22nd. The shares were sold at an average price of $100.03, for a total value of $1,000,300.00. Following the completion of the transaction, the executive vice president now owns 38,307 shares of the company’s stock, valued at approximately $3,831,849.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Robert D. Ravener sold 22,440 shares of the company’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $111.49, for a total transaction of $2,501,835.60. Following the completion of the transaction, the executive vice president now directly owns 50,747 shares of the company’s stock, valued at approximately $5,657,783.03. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company’s stock.

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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