Community Bank N.A. Increases Stock Position in Dollar General Corp. (NYSE:DG)

Community Bank N.A. increased its position in shares of Dollar General Corp. (NYSE:DG) by 4.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,405 shares of the company’s stock after purchasing an additional 110 shares during the quarter. Community Bank N.A.’s holdings in Dollar General were worth $458,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Huntington National Bank grew its holdings in shares of Dollar General by 10.0% in the second quarter. Huntington National Bank now owns 2,705 shares of the company’s stock valued at $515,000 after purchasing an additional 245 shares in the last quarter. TradeLink Capital LLC bought a new position in Dollar General during the second quarter valued at $381,000. Mitchell Capital Management Co. grew its stake in shares of Dollar General by 28.9% in the 2nd quarter. Mitchell Capital Management Co. now owns 5,315 shares of the company’s stock worth $1,013,000 after buying an additional 1,192 shares in the last quarter. Chartwell Investment Partners LLC increased its holdings in shares of Dollar General by 10.0% in the 2nd quarter. Chartwell Investment Partners LLC now owns 10,761 shares of the company’s stock worth $2,050,000 after buying an additional 982 shares during the last quarter. Finally, Main Street Research LLC raised its position in shares of Dollar General by 5.7% during the 2nd quarter. Main Street Research LLC now owns 89,630 shares of the company’s stock valued at $17,075,000 after buying an additional 4,872 shares in the last quarter. 92.66% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have weighed in on DG shares. Cfra upped their price objective on Dollar General from $220.00 to $230.00 and gave the company a “strong-buy” rating in a research report on Thursday, May 28th. UBS Group raised their price target on Dollar General from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Raymond James boosted their price objective on shares of Dollar General from $205.00 to $210.00 and gave the company a “strong-buy” rating in a research report on Friday, May 29th. Oppenheimer raised their target price on shares of Dollar General from $205.00 to $225.00 and gave the stock an “outperform” rating in a report on Monday, July 20th. Finally, Edward Jones downgraded shares of Dollar General from a “buy” rating to a “hold” rating in a report on Tuesday, April 14th. Five analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $196.21.

In other news, EVP Rhonda Taylor sold 41,313 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $191.21, for a total transaction of $7,899,458.73. Following the transaction, the executive vice president now owns 36,432 shares of the company’s stock, valued at approximately $6,966,162.72. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Anita C. Elliott sold 11,032 shares of the company’s stock in a transaction on Friday, June 19th. The shares were sold at an average price of $192.77, for a total value of $2,126,638.64. Following the completion of the transaction, the chief accounting officer now directly owns 15,158 shares in the company, valued at approximately $2,922,007.66. The disclosure for this sale can be found here. Insiders sold 59,645 shares of company stock worth $11,414,046 in the last quarter. Company insiders own 0.72% of the company’s stock.

Shares of DG traded down $0.92 during midday trading on Friday, hitting $190.40. 1,333,188 shares of the company’s stock traded hands, compared to its average volume of 1,518,998. The company has a current ratio of 1.44, a quick ratio of 0.60 and a debt-to-equity ratio of 1.65. The stock has a market capitalization of $47.93 billion, a price-to-earnings ratio of 24.63, a price-to-earnings-growth ratio of 1.72 and a beta of 0.53. Dollar General Corp. has a 1 year low of $125.00 and a 1 year high of $195.82. The firm’s fifty day moving average is $189.51 and its 200-day moving average is $171.46.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, May 28th. The company reported $2.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.70 by $0.86. The company had revenue of $8.45 billion for the quarter, compared to analyst estimates of $7.66 billion. Dollar General had a return on equity of 29.33% and a net margin of 6.69%. The firm’s quarterly revenue was up 27.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.48 EPS. On average, equities research analysts anticipate that Dollar General Corp. will post 8.87 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 7th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.76%. The ex-dividend date was Monday, July 6th. Dollar General’s payout ratio is 21.40%.

Dollar General Profile

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

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

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