Princeton Portfolio Strategies Group LLC decreased its stake in shares of Dollar General Corporation (NYSE:DG) by 0.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,376 shares of the company’s stock after selling 591 shares during the period. Dollar General Corporation makes up about 1.5% of Princeton Portfolio Strategies Group LLC’s investment portfolio, making the stock its 20th largest holding. Princeton Portfolio Strategies Group LLC’s holdings in Dollar General Corporation were worth $5,290,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Sigma Planning Corp bought a new stake in shares of Dollar General Corporation during the second quarter worth $202,000. BlackRock Inc. increased its position in shares of Dollar General Corporation by 4,173.7% during the first quarter. BlackRock Inc. now owns 22,144,062 shares of the company’s stock worth $1,544,106,000 after acquiring an additional 21,625,909 shares in the last quarter. Credit Suisse AG increased its position in shares of Dollar General Corporation by 16.7% during the first quarter. Credit Suisse AG now owns 658,667 shares of the company’s stock worth $45,928,000 after acquiring an additional 94,260 shares in the last quarter. Prudential Financial Inc. increased its position in shares of Dollar General Corporation by 27.3% during the second quarter. Prudential Financial Inc. now owns 453,353 shares of the company’s stock worth $32,682,000 after acquiring an additional 97,120 shares in the last quarter. Finally, KCG Holdings Inc. increased its position in shares of Dollar General Corporation by 304.2% during the first quarter. KCG Holdings Inc. now owns 14,142 shares of the company’s stock worth $986,000 after acquiring an additional 10,643 shares in the last quarter. 90.51% of the stock is owned by institutional investors.

Several equities research analysts have recently issued reports on DG shares. BMO Capital Markets reissued a “hold” rating on shares of Dollar General Corporation in a research report on Wednesday, September 27th. BidaskClub raised shares of Dollar General Corporation from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. Zacks Investment Research downgraded shares of Dollar General Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $68.00 target price on shares of Dollar General Corporation in a research report on Wednesday, July 19th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $79.00 target price on shares of Dollar General Corporation in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Dollar General Corporation has a consensus rating of “Hold” and an average target price of $80.79.

Dollar General Corporation (NYSE DG) traded down 1.10% during mid-day trading on Friday, hitting $80.33. 1,968,313 shares of the stock were exchanged. The stock’s 50-day moving average is $77.44 and its 200 day moving average is $73.52. Dollar General Corporation has a 52 week low of $65.97 and a 52 week high of $82.38. The company has a market capitalization of $21.95 billion, a PE ratio of 18.20 and a beta of 0.96.

Dollar General Corporation (NYSE:DG) last posted its quarterly earnings results on Thursday, August 31st. The company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.01. The firm had revenue of $5.83 billion during the quarter, compared to analyst estimates of $5.80 billion. Dollar General Corporation had a return on equity of 22.67% and a net margin of 5.38%. Dollar General Corporation’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.08 EPS. On average, analysts anticipate that Dollar General Corporation will post $4.51 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 24th. Stockholders of record on Tuesday, October 10th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Friday, October 6th. Dollar General Corporation’s dividend payout ratio is presently 23.48%.

TRADEMARK VIOLATION NOTICE: “Princeton Portfolio Strategies Group LLC Lowers Stake in Dollar General Corporation (DG)” was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright laws. The correct version of this report can be read at https://www.thecerbatgem.com/2017/10/08/princeton-portfolio-strategies-group-llc-lowers-stake-in-dollar-general-corporation-dg.html.

In other news, EVP Robert D. Ravener sold 11,257 shares of Dollar General Corporation stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $77.00, for a total value of $866,789.00. Following the completion of the transaction, the executive vice president now owns 22,598 shares of the company’s stock, valued at approximately $1,740,046. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.22% of the stock is owned by insiders.

About Dollar General Corporation

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.

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

Receive News & Stock Ratings for Dollar General Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar General Corporation and related stocks with our FREE daily email newsletter.