Parametric Portfolio Associates LLC Reduces Stock Position in Dollar General Corp. (NYSE:DG)

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Parametric Portfolio Associates LLC decreased its holdings in Dollar General Corp. (NYSE:DG) by 0.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,576,409 shares of the company’s stock after selling 174 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.61% of Dollar General worth $213,067,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC lifted its position in Dollar General by 21.3% during the first quarter. FMR LLC now owns 8,825,495 shares of the company’s stock valued at $1,052,882,000 after buying an additional 1,550,529 shares during the period. Thoroughbred Financial Services LLC lifted its holdings in Dollar General by 19,589.1% in the second quarter. Thoroughbred Financial Services LLC now owns 1,085,064 shares of the company’s stock valued at $108,506,000 after acquiring an additional 1,079,553 shares during the period. Renaissance Technologies LLC grew its position in Dollar General by 8,563.7% during the second quarter. Renaissance Technologies LLC now owns 788,400 shares of the company’s stock valued at $106,560,000 after buying an additional 779,300 shares during the period. BlackRock Inc. increased its stake in shares of Dollar General by 3.2% in the 1st quarter. BlackRock Inc. now owns 22,910,261 shares of the company’s stock worth $2,733,192,000 after purchasing an additional 703,219 shares in the last quarter. Finally, Haverford Trust Co. bought a new position in shares of Dollar General in the first quarter worth about $46,726,000. 92.75% of the stock is currently owned by hedge funds and other institutional investors.

DG stock traded down $1.61 during midday trading on Wednesday, hitting $155.48. The stock had a trading volume of 129,203 shares, compared to its average volume of 1,959,323. The firm has a market cap of $40.38 billion, a PE ratio of 26.02, a price-to-earnings-growth ratio of 2.22 and a beta of 0.55. The company’s 50-day moving average price is $141.97 and its 200 day moving average price is $130.32. Dollar General Corp. has a 12-month low of $98.08 and a 12-month high of $162.34. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.14 and a quick ratio of 0.12.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, August 29th. The company reported $1.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.58 by $0.16. The business had revenue of $6.98 billion during the quarter, compared to analysts’ expectations of $6.89 billion. Dollar General had a return on equity of 25.34% and a net margin of 6.11%. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.52 EPS. As a group, sell-side analysts anticipate that Dollar General Corp. will post 6.53 EPS for the current year.

The business also recently disclosed a — dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, October 7th. This represents a yield of 0.8%. Dollar General’s dividend payout ratio is currently 21.44%.

Several research firms have recently commented on DG. Loop Capital reissued a “buy” rating and issued a $175.00 target price (up previously from $156.00) on shares of Dollar General in a report on Thursday, August 29th. Piper Jaffray Companies boosted their price objective on shares of Dollar General from $137.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. Sanford C. Bernstein raised Dollar General from a “market perform” rating to an “outperform” rating in a research note on Wednesday. Royal Bank of Canada boosted their price objective on shares of Dollar General from $133.00 to $139.00 and gave the company an “outperform” rating in a research report on Friday, May 31st. Finally, KeyCorp set a $180.00 price objective on Dollar General and gave the company a “buy” rating in a report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have issued a buy rating to the stock. Dollar General presently has a consensus rating of “Buy” and an average price target of $158.32.

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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