Bank of New York Mellon Corp Has $108.99 Million Position in Dollar General Corporation (NYSE:DG)

Bank of New York Mellon Corp decreased its position in shares of Dollar General Corporation (NYSE:DG - Free Report) by 1.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,239,534 shares of the company's stock after selling 24,532 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.56% of Dollar General worth $108,992,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Capital Investment Advisory Services LLC acquired a new stake in shares of Dollar General during the 1st quarter worth approximately $931,000. Huntleigh Advisors Inc. bought a new position in Dollar General in the first quarter valued at approximately $267,000. IFM Investors Pty Ltd grew its holdings in Dollar General by 8.9% during the 1st quarter. IFM Investors Pty Ltd now owns 43,731 shares of the company's stock worth $3,698,000 after acquiring an additional 3,575 shares during the period. 44 Wealth Management LLC raised its position in shares of Dollar General by 71.1% during the 1st quarter. 44 Wealth Management LLC now owns 13,291 shares of the company's stock valued at $1,169,000 after acquiring an additional 5,523 shares during the last quarter. Finally, Calamos Advisors LLC lifted its stake in shares of Dollar General by 1.1% in the 1st quarter. Calamos Advisors LLC now owns 45,738 shares of the company's stock valued at $4,022,000 after purchasing an additional 509 shares during the period. 91.77% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Dollar General news, EVP Kathleen A. Reardon sold 6,438 shares of the stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $111.56, for a total value of $718,223.28. Following the completion of the sale, the executive vice president owned 41,646 shares in the company, valued at $4,646,027.76. This trade represents a 13.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Emily C. Taylor sold 1,969 shares of the company's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $113.00, for a total transaction of $222,497.00. Following the completion of the sale, the executive vice president directly owned 46,563 shares in the company, valued at approximately $5,261,619. The trade was a 4.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on DG. Barclays lifted their price objective on Dollar General from $100.00 to $119.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. KeyCorp reaffirmed a "sector weight" rating on shares of Dollar General in a research note on Wednesday, June 4th. Melius raised shares of Dollar General from a "hold" rating to a "buy" rating and set a $110.00 price objective on the stock in a research note on Tuesday, April 8th. Raymond James Financial upped their target price on shares of Dollar General from $100.00 to $125.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Finally, Gordon Haskett upgraded shares of Dollar General from a "reduce" rating to an "accumulate" rating in a report on Tuesday, June 3rd. Sixteen equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $109.46.

Dollar General Stock Up 0.7%

NYSE:DG traded up $0.77 on Friday, hitting $113.03. 2,211,781 shares of the company's stock were exchanged, compared to its average volume of 4,127,866. The firm has a 50-day moving average price of $105.80 and a 200-day moving average price of $88.87. Dollar General Corporation has a 52 week low of $66.43 and a 52 week high of $132.48. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.23 and a quick ratio of 0.20. The company has a market cap of $24.87 billion, a P/E ratio of 21.57, a price-to-earnings-growth ratio of 2.77 and a beta of 0.31.

Dollar General (NYSE:DG - Get Free Report) last released its earnings results on Tuesday, June 3rd. The company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.32. The business had revenue of $10.44 billion for the quarter, compared to analyst estimates of $10.25 billion. Dollar General had a return on equity of 17.93% and a net margin of 2.81%. Dollar General's revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.65 earnings per share. As a group, analysts expect that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th will be issued a dividend of $0.59 per share. The ex-dividend date is Tuesday, July 8th. This represents a $2.36 dividend on an annualized basis and a yield of 2.09%. Dollar General's payout ratio is 45.04%.

Dollar General Company Profile

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.