Chartwell Investment Partners LLC bought a new stake in shares of Dollar General Corp. (NYSE:DG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 20,874 shares of the company’s stock, valued at approximately $2,058,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DG. FDx Advisors Inc. grew its stake in Dollar General by 1.2% in the first quarter. FDx Advisors Inc. now owns 45,235 shares of the company’s stock valued at $4,232,000 after purchasing an additional 551 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Dollar General by 20.7% in the 1st quarter. Wells Fargo & Company MN now owns 2,150,705 shares of the company’s stock valued at $201,197,000 after buying an additional 368,401 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Dollar General by 8.4% in the 1st quarter. Daiwa Securities Group Inc. now owns 12,028 shares of the company’s stock valued at $1,125,000 after buying an additional 928 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Dollar General by 4.1% in the 1st quarter. Rhumbline Advisers now owns 478,256 shares of the company’s stock valued at $44,741,000 after buying an additional 18,966 shares in the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH grew its stake in shares of Dollar General by 8.7% in the 1st quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 13,556 shares of the company’s stock valued at $1,255,000 after buying an additional 1,080 shares in the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP Robert D. Ravener sold 10,000 shares of the stock in a transaction that occurred on Friday, June 22nd. The stock was sold at an average price of $100.03, for a total transaction of $1,000,300.00. Following the completion of the sale, the executive vice president now owns 38,307 shares in the company, valued at approximately $3,831,849.21. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.41% of the stock is owned by corporate insiders.

DG has been the subject of several recent research reports. Barclays lowered their price target on Dollar General from $95.00 to $90.00 and set an “equal weight” rating for the company in a research note on Friday, June 1st. Telsey Advisory Group decreased their target price 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. Moffett Nathanson downgraded shares of Dollar General from a “neutral” rating to a “sell” rating in a research report on Friday, May 11th. MKM Partners boosted their target price on shares of Dollar General to $117.00 and gave the stock a “buy” rating in a research report on Tuesday. 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 investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $100.18.

NYSE DG opened at $105.66 on Friday. The company has a quick ratio of 0.23, a current ratio of 1.65 and a debt-to-equity ratio of 0.46. The firm has a market cap of $28.59 billion, a P/E ratio of 23.53, a PEG ratio of 1.21 and a beta of 0.90. Dollar General Corp. has a 1 year low of $70.30 and a 1 year high of $109.05.

Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, August 30th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.03. Dollar General had a net margin of 6.77% and a return on equity of 22.40%. The company had revenue of $6.44 billion during the quarter, compared to analysts’ expectations of $6.38 billion. During the same period in the prior year, the company earned $1.10 earnings per share. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. equities research analysts expect that Dollar General Corp. will post 6.06 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 23rd. Shareholders of record on Tuesday, October 9th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.10%. Dollar General’s dividend payout ratio (DPR) is 25.84%.

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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