Hartford Investment Management Co. Reduces Position in Dollar General Corporation (NYSE:DG)

Hartford Investment Management Co. decreased its position in shares of Dollar General Corporation (NYSE:DG) by 4.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,892 shares of the company’s stock after selling 2,831 shares during the period. Hartford Investment Management Co.’s holdings in Dollar General Corporation were worth $3,957,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in DG. Alpha Windward LLC increased its position in Dollar General Corporation by 2.4% in the first quarter. Alpha Windward LLC now owns 1,844 shares of the company’s stock valued at $129,000 after buying an additional 44 shares during the last quarter. Gateway Investment Advisers LLC increased its position in Dollar General Corporation by 0.3% in the second quarter. Gateway Investment Advisers LLC now owns 15,636 shares of the company’s stock valued at $1,127,000 after buying an additional 53 shares during the last quarter. Huntington National Bank increased its position in Dollar General Corporation by 4.0% in the second quarter. Huntington National Bank now owns 1,965 shares of the company’s stock valued at $142,000 after buying an additional 75 shares during the last quarter. Horrell Capital Management Inc. increased its position in Dollar General Corporation by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,260 shares of the company’s stock valued at $1,901,000 after buying an additional 100 shares during the last quarter. Finally, Chescapmanager LLC increased its position in Dollar General Corporation by 0.4% in the first quarter. Chescapmanager LLC now owns 27,600 shares of the company’s stock valued at $1,925,000 after buying an additional 100 shares during the last quarter. 88.99% of the stock is currently owned by institutional investors.

Shares of Dollar General Corporation (NYSE:DG) opened at 73.82 on Friday. The stock’s 50 day moving average is $73.20 and its 200-day moving average is $72.75. The company has a market cap of $20.24 billion, a P/E ratio of 16.69 and a beta of 0.93. Dollar General Corporation has a one year low of $65.97 and a one year high of $92.01.

Dollar General Corporation (NYSE:DG) last announced its earnings results on Thursday, June 1st. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.03. The business had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.59 billion. Dollar General Corporation had a net margin of 5.53% and a return on equity of 23.07%. Dollar General Corporation’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.03 earnings per share. Equities research analysts forecast that Dollar General Corporation will post $4.50 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 25th. Stockholders of record on Tuesday, July 11th were issued a $0.26 dividend. The ex-dividend date was Friday, July 7th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.41%. Dollar General Corporation’s payout ratio is 23.48%.

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A number of research firms have issued reports on DG. Barclays PLC restated a “hold” rating and set a $76.00 price target on shares of Dollar General Corporation in a report on Friday, June 2nd. Buckingham Research restated a “neutral” rating and set a $75.00 price target on shares of Dollar General Corporation in a report on Monday, August 7th. Jefferies Group LLC reiterated a “hold” rating and issued a $68.00 target price on shares of Dollar General Corporation in a research note on Wednesday, July 19th. Zacks Investment Research upgraded shares of Dollar General Corporation from a “sell” rating to a “hold” rating and set a $88.00 target price for the company in a research note on Friday, June 2nd. Finally, Gordon Haskett upgraded shares of Dollar General Corporation from a “reduce” rating to an “accumulate” rating in a research note on Thursday, June 1st. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $80.89.

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)

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