OLD National Bancorp IN Boosts Stock Position in Dollar General Co. (NYSE:DG)

OLD National Bancorp IN boosted its stake in shares of Dollar General Co. (NYSE:DG - Free Report) by 16.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 75,415 shares of the company's stock after purchasing an additional 10,425 shares during the period. OLD National Bancorp IN's holdings in Dollar General were worth $6,631,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. First Eagle Investment Management LLC bought a new position in Dollar General in the 4th quarter worth $399,433,000. ACR Alpine Capital Research LLC lifted its position in shares of Dollar General by 8,426.1% during the 4th quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company's stock valued at $306,424,000 after buying an additional 3,994,070 shares in the last quarter. Norges Bank bought a new position in shares of Dollar General during the 4th quarter valued at approximately $140,421,000. Two Sigma Investments LP increased its holdings in Dollar General by 323.1% in the 4th quarter. Two Sigma Investments LP now owns 2,354,135 shares of the company's stock worth $178,491,000 after acquiring an additional 1,797,776 shares in the last quarter. Finally, Pzena Investment Management LLC raised its stake in Dollar General by 14.9% during the 4th quarter. Pzena Investment Management LLC now owns 11,767,336 shares of the company's stock worth $892,199,000 after acquiring an additional 1,528,450 shares during the period. Hedge funds and other institutional investors own 91.77% of the company's stock.

Dollar General Trading Up 0.3%

Shares of DG traded up $0.37 during mid-day trading on Thursday, reaching $111.82. 2,831,637 shares of the company's stock traded hands, compared to its average volume of 4,076,921. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. The stock's 50-day moving average is $96.05 and its two-hundred day moving average is $83.32. Dollar General Co. has a 12 month low of $66.43 and a 12 month high of $135.46. The stock has a market cap of $24.61 billion, a P/E ratio of 18.42, a P/E/G ratio of 2.18 and a beta of 0.26.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.46 by $0.32. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The company had revenue of $10.44 billion for the quarter, compared to the consensus estimate of $10.25 billion. During the same quarter in the prior year, the company posted $1.65 EPS. Dollar General's quarterly revenue was up 5.3% on a year-over-year basis. Research analysts forecast that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th will be given a $0.59 dividend. The ex-dividend date is Tuesday, July 8th. This represents a $2.36 annualized dividend and a yield of 2.11%. Dollar General's dividend payout ratio (DPR) is 45.04%.

Analyst Upgrades and Downgrades

DG has been the subject of a number of analyst reports. Telsey Advisory Group increased their price objective on shares of Dollar General from $100.00 to $120.00 and gave the stock a "market perform" rating in a research note on Wednesday, June 4th. Raymond James boosted their target price on shares of Dollar General from $100.00 to $125.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. KeyCorp reiterated a "sector weight" rating on shares of Dollar General in a report on Wednesday, June 4th. Morgan Stanley boosted their price target on shares of Dollar General from $85.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Wednesday, June 4th. Finally, JPMorgan Chase & Co. raised their price objective on Dollar General from $88.00 to $95.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. Fifteen analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $109.04.

Insiders Place Their Bets

In other news, EVP Emily C. Taylor sold 809 shares of the firm's stock in a transaction on Friday, April 4th. The stock was sold at an average price of $94.72, for a total transaction of $76,628.48. Following the transaction, the executive vice president now owns 48,532 shares in the company, valued at approximately $4,596,951.04. This trade represents a 1.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.56% of the company's stock.

Dollar General 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.