Frontier Capital Management Co. LLC lessened its holdings in shares of Dollar General Corp. (NYSE:DG) by 2.9% during the 1st quarter, Holdings Channel reports. The firm owned 1,445,342 shares of the company’s stock after selling 43,055 shares during the period. Dollar General comprises approximately 1.2% of Frontier Capital Management Co. LLC’s holdings, making the stock its 10th biggest position. Frontier Capital Management Co. LLC’s holdings in Dollar General were worth $172,429,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. boosted its position in shares of Dollar General by 13.9% during the 4th quarter. BlackRock Inc. now owns 22,207,042 shares of the company’s stock valued at $2,400,135,000 after acquiring an additional 2,709,334 shares during the last quarter. Vanguard Group Inc boosted its position in shares of Dollar General by 2.0% during the 3rd quarter. Vanguard Group Inc now owns 19,201,573 shares of the company’s stock valued at $2,098,732,000 after acquiring an additional 370,008 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Dollar General by 10,128.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,752,166 shares of the company’s stock valued at $90,000 after acquiring an additional 9,656,820 shares during the last quarter. FMR LLC boosted its position in shares of Dollar General by 21.3% during the 4th quarter. FMR LLC now owns 7,274,966 shares of the company’s stock valued at $786,278,000 after acquiring an additional 1,278,052 shares during the last quarter. Finally, Polen Capital Management LLC boosted its position in shares of Dollar General by 1.5% during the 4th quarter. Polen Capital Management LLC now owns 7,155,529 shares of the company’s stock valued at $773,370,000 after acquiring an additional 105,776 shares during the last quarter. 97.34% of the stock is currently owned by institutional investors.

NYSE:DG traded up $2.15 on Thursday, reaching $120.19. 25,187 shares of the company’s stock were exchanged, compared to its average volume of 2,058,656. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.55 and a quick ratio of 0.19. The firm has a market capitalization of $30.65 billion, a PE ratio of 19.93, a price-to-earnings-growth ratio of 1.48 and a beta of 0.72. Dollar General Corp. has a 52-week low of $86.87 and a 52-week high of $126.84.

Dollar General (NYSE:DG) last released its earnings results on Thursday, March 14th. The company reported $1.84 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.89 by ($0.05). Dollar General had a return on equity of 25.04% and a net margin of 6.20%. The firm had revenue of $6.65 billion for the quarter, compared to analysts’ expectations of $6.61 billion. During the same quarter in the previous year, the company posted $1.48 earnings per share. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. Analysts expect that Dollar General Corp. will post 6.42 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.06%. This is a positive change from Dollar General’s previous quarterly dividend of $0.29. The ex-dividend date was Monday, April 8th. Dollar General’s dividend payout ratio is presently 21.44%.

A number of research analysts have commented on DG shares. Oppenheimer upped their target price on shares of Dollar General from $120.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, March 4th. Morgan Stanley upped their target price on shares of Dollar General from $118.00 to $129.00 and gave the company an “overweight” rating in a research report on Wednesday, April 24th. Raymond James set a $127.00 target price on shares of Dollar General and gave the company a “buy” rating in a research report on Tuesday, February 26th. Evercore ISI started coverage on shares of Dollar General in a research report on Wednesday, March 20th. They issued an “underperform” rating and a $95.00 target price on the stock. Finally, Zacks Investment Research cut shares of Dollar General from a “hold” rating to a “sell” rating in a research report on Wednesday, February 6th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seventeen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $122.55.

In related news, EVP Robert D. Ravener sold 8,973 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $123.82, for a total transaction of $1,111,036.86. Following the sale, the executive vice president now directly owns 17,794 shares in the company, valued at $2,203,253.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robert D. Ravener sold 78,987 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $117.78, for a total transaction of $9,303,088.86. Following the sale, the executive vice president now owns 62,434 shares in the company, valued at $7,353,476.52. The disclosure for this sale can be found here. Insiders have sold 143,255 shares of company stock worth $17,037,351 over the last 90 days. Insiders own 0.55% of the company’s stock.

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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.

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

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