TD Asset Management Inc. cut its holdings in Dollar General Corp. (NYSE:DG) by 1.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,179,933 shares of the company’s stock after selling 15,975 shares during the quarter. TD Asset Management Inc.’s holdings in Dollar General were worth $159,479,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of DG. FMR LLC grew its position in shares of Dollar General by 21.3% in the 1st quarter. FMR LLC now owns 8,825,495 shares of the company’s stock valued at $1,052,882,000 after purchasing an additional 1,550,529 shares during the period. Thoroughbred Financial Services LLC boosted its position in Dollar General by 19,589.1% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 1,085,064 shares of the company’s stock worth $108,506,000 after acquiring an additional 1,079,553 shares during the last quarter. BlackRock Inc. boosted its position in Dollar General by 3.2% during the 1st quarter. BlackRock Inc. now owns 22,910,261 shares of the company’s stock worth $2,733,192,000 after acquiring an additional 703,219 shares during the last quarter. Alecta Pensionsforsakring Omsesidigt boosted its position in Dollar General by 35.7% during the 1st quarter. Alecta Pensionsforsakring Omsesidigt now owns 1,893,000 shares of the company’s stock worth $225,873,000 after acquiring an additional 498,000 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its position in Dollar General by 16.6% during the 1st quarter. Janus Henderson Group PLC now owns 2,903,504 shares of the company’s stock worth $346,389,000 after acquiring an additional 414,388 shares during the last quarter. Institutional investors and hedge funds own 95.32% of the company’s stock.

DG traded up $0.23 during trading hours on Tuesday, reaching $135.17. The company’s stock had a trading volume of 72,080 shares, compared to its average volume of 1,698,242. Dollar General Corp. has a 52 week low of $98.08 and a 52 week high of $145.06. The company’s 50-day simple moving average is $137.80. The company has a current ratio of 1.16, a quick ratio of 0.12 and a debt-to-equity ratio of 1.52. The firm has a market cap of $35.02 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 1.92 and a beta of 0.67.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, May 30th. The company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.09. Dollar General had a return on equity of 25.03% and a net margin of 6.16%. The business had revenue of $6.62 billion for the quarter, compared to analysts’ expectations of $6.57 billion. During the same quarter in the prior year, the business earned $1.36 EPS. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. Analysts predict that Dollar General Corp. will post 6.47 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 23rd. Investors of record on Tuesday, July 9th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Monday, July 8th. Dollar General’s dividend payout ratio (DPR) is presently 21.44%.

DG has been the subject of a number of recent research reports. Royal Bank of Canada upped their price target on Dollar General from $133.00 to $139.00 and gave the stock an “outperform” rating in a research report on Friday, May 31st. Wells Fargo & Co downgraded Dollar General from an “outperform” rating to a “market perform” rating and set a $140.00 price target for the company. in a research report on Thursday, July 25th. Raymond James upped their price target on Dollar General from $127.00 to $146.00 and gave the stock a “strong-buy” rating in a research report on Friday, May 31st. Loop Capital raised Dollar General from a “hold” rating to a “buy” rating and upped their price target for the stock from $105.00 to $152.00 in a research report on Tuesday, April 30th. Finally, Goldman Sachs Group raised Dollar General from a “neutral” rating to a “buy” rating and upped their price target for the stock from $142.00 to $152.00 in a research report on Thursday, August 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $134.68.

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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