Bryn Mawr Trust Advisors LLC acquired a new stake in shares of Dollar General Corporation (NYSE:DG – Free Report) in the second quarter, HoldingsChannel.com reports. The firm acquired 88,342 shares of the company’s stock, valued at approximately $10,169,000.
Several other institutional investors and hedge funds also recently made changes to their positions in DG. Merit Financial Group LLC lifted its holdings in Dollar General by 19.6% during the 2nd quarter. Merit Financial Group LLC now owns 31,727 shares of the company’s stock valued at $3,652,000 after purchasing an additional 5,205 shares during the last quarter. Rosenberg Matthew Hamilton grew its stake in Dollar General by 788.1% during the second quarter. Rosenberg Matthew Hamilton now owns 373 shares of the company’s stock worth $43,000 after buying an additional 331 shares during the last quarter. Ballentine Partners LLC grew its stake in Dollar General by 2.3% during the second quarter. Ballentine Partners LLC now owns 5,470 shares of the company’s stock worth $630,000 after buying an additional 122 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its holdings in shares of Dollar General by 34.3% during the second quarter. Fifth Third Wealth Advisors LLC now owns 5,101 shares of the company’s stock worth $587,000 after buying an additional 1,302 shares in the last quarter. Finally, Cidel Asset Management Inc. raised its stake in shares of Dollar General by 5.9% in the second quarter. Cidel Asset Management Inc. now owns 4,323 shares of the company’s stock valued at $498,000 after acquiring an additional 240 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.
Dollar General Price Performance
DG opened at $123.30 on Friday. Dollar General Corporation has a one year low of $95.11 and a one year high of $158.23. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.17 and a quick ratio of 0.25. The company’s 50 day simple moving average is $119.31 and its 200-day simple moving average is $124.80. The stock has a market capitalization of $27.20 billion, a P/E ratio of 17.44, a price-to-earnings-growth ratio of 1.86 and a beta of 0.23.
Dollar General Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 7th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Tuesday, July 7th. Dollar General’s dividend payout ratio (DPR) is 33.38%.
Wall Street Analyst Weigh In
Several research analysts have recently commented on DG shares. Citigroup reduced their target price on Dollar General from $138.00 to $116.00 and set a “neutral” rating on the stock in a report on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft lifted their price objective on Dollar General from $110.00 to $114.00 and gave the company a “hold” rating in a research report on Thursday, June 4th. Telsey Advisory Group reduced their price objective on Dollar General from $140.00 to $125.00 and set a “market perform” rating on the stock in a research note on Wednesday, June 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Dollar General in a report on Wednesday, July 8th. Finally, UBS Group restated a “buy” rating on shares of Dollar General in a research note on Wednesday, May 27th. Ten equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $130.42.
Read Our Latest Stock Analysis on DG
About Dollar General
Dollar General Corporation is a U.S.-based variety and discount retailer operating a large network of small-format stores that serve primarily rural and suburban communities. The company is publicly traded on the New York Stock Exchange under the ticker DG and is headquartered in the Nashville/Goodlettsville, Tennessee area. Founded in 1939, Dollar General has grown from a regional operation into one of the nation’s prominent low-price retailers focused on convenience and value.
Dollar General’s stores offer a wide assortment of everyday consumables and household goods, including food and beverage items, cleaning supplies, health and beauty products, paper goods, apparel basics, seasonal merchandise and small household items.
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