Dollar General Corporation (DG) Stake Lowered by California State Teachers Retirement System

California State Teachers Retirement System lessened its position in Dollar General Corporation (NYSE:DG) by 8.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 519,458 shares of the company’s stock after selling 46,514 shares during the period. California State Teachers Retirement System owned about 0.19% of Dollar General Corporation worth $37,448,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Atlanta Capital Management Co. L L C lifted its position in Dollar General Corporation by 319.8% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 1,241,424 shares of the company’s stock worth $89,495,000 after buying an additional 945,673 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in Dollar General Corporation by 8.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 73,206 shares of the company’s stock worth $5,278,000 after buying an additional 5,987 shares in the last quarter. PVG Asset Management Corp lifted its position in Dollar General Corporation by 78.4% during the 2nd quarter. PVG Asset Management Corp now owns 56,195 shares of the company’s stock worth $4,051,000 after buying an additional 24,694 shares in the last quarter. Cubist Systematic Strategies LLC lifted its position in Dollar General Corporation by 290.5% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 24,294 shares of the company’s stock worth $1,751,000 after buying an additional 18,073 shares in the last quarter. Finally, Scholtz & Company LLC acquired a new position in Dollar General Corporation during the 2nd quarter worth about $2,180,000. Institutional investors own 90.54% of the company’s stock.

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Several research analysts recently issued reports on the stock. Jefferies Group LLC upped their price target on shares of Dollar General Corporation from $68.00 to $73.00 and gave the stock a “hold” rating in a research report on Friday, September 1st. Bank of America Corporation reiterated a “buy” rating and set a $90.00 price target on shares of Dollar General Corporation in a research report on Friday, August 25th. BMO Capital Markets set a $85.00 price target on shares of Dollar General Corporation and gave the stock a “hold” rating in a research report on Tuesday, August 22nd. Citigroup Inc. upped their price target on shares of Dollar General Corporation from $87.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, September 13th. Finally, BidaskClub upgraded shares of Dollar General Corporation from a “strong sell” rating to a “sell” rating in a research report on Monday, July 24th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company. Dollar General Corporation has an average rating of “Hold” and an average price target of $80.79.

Shares of Dollar General Corporation (NYSE DG) traded up 0.49% during mid-day trading on Friday, hitting $82.58. The stock had a trading volume of 173,173 shares. The stock’s 50-day moving average is $78.11 and its 200-day moving average is $73.84. Dollar General Corporation has a 1-year low of $65.97 and a 1-year high of $82.85. The firm has a market capitalization of $22.57 billion, a PE ratio of 18.71 and a beta of 0.96.

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

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 24th. Shareholders of record on Tuesday, October 10th will be issued a $0.26 dividend. The ex-dividend date is Friday, October 6th. This represents a $1.04 dividend on an annualized basis and a yield of 1.27%. Dollar General Corporation’s payout ratio is currently 23.48%.

In other Dollar General Corporation news, EVP Robert D. Ravener sold 11,257 shares of Dollar General Corporation stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 22,598 shares in the company, valued at $1,740,046. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.22% of the company’s stock.

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.

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

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