Coho Partners Ltd. Trims Position in Dollar General Corp. (NYSE:DG)

Coho Partners Ltd. decreased its position in shares of Dollar General Corp. (NYSE:DG) by 2.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,612,539 shares of the company’s stock after selling 44,238 shares during the period. Dollar General makes up 5.1% of Coho Partners Ltd.’s holdings, making the stock its biggest position. Coho Partners Ltd. owned 0.62% of Dollar General worth $217,951,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of DG. Rational Advisors LLC boosted its stake in Dollar General by 964.7% in the second quarter. Rational Advisors LLC now owns 1,629 shares of the company’s stock valued at $220,000 after buying an additional 1,476 shares in the last quarter. SRS Capital Advisors Inc. acquired a new stake in Dollar General in the second quarter valued at about $150,000. Corient Capital Partners LLC acquired a new stake in Dollar General in the second quarter valued at about $224,000. Hotaling Investment Management LLC boosted its stake in shares of Dollar General by 1.1% during the second quarter. Hotaling Investment Management LLC now owns 25,290 shares of the company’s stock valued at $3,418,000 after purchasing an additional 264 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its stake in shares of Dollar General by 4.9% during the second quarter. Acadian Asset Management LLC now owns 478,016 shares of the company’s stock valued at $64,607,000 after purchasing an additional 22,120 shares in the last quarter. Hedge funds and other institutional investors own 92.75% of the company’s stock.

DG stock traded down $0.36 during midday trading on Friday, hitting $156.74. The company’s stock had a trading volume of 15,105 shares, compared to its average volume of 2,043,621. The stock has a market cap of $40.39 billion, a price-to-earnings ratio of 26.29, a PEG ratio of 2.16 and a beta of 0.55. The stock’s 50-day moving average price is $142.40 and its 200 day moving average price is $130.52. The company has a quick ratio of 0.12, a current ratio of 1.14 and a debt-to-equity ratio of 1.49. Dollar General Corp. has a 1 year low of $98.08 and a 1 year high of $162.34.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, August 29th. The company reported $1.74 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.58 by $0.16. Dollar General had a return on equity of 25.34% and a net margin of 6.11%. The firm had revenue of $6.98 billion for the quarter, compared to analyst estimates of $6.89 billion. During the same period in the previous year, the company posted $1.52 earnings per share. The business’s revenue was up 8.4% on a year-over-year basis. As a group, equities analysts forecast that Dollar General Corp. will post 6.59 earnings per share for the current fiscal year.

The firm also recently announced a — dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Monday, October 7th. This represents a yield of 0.8%. Dollar General’s dividend payout ratio is currently 21.44%.

DG has been the topic of a number of recent research reports. UBS Group set a $175.00 price target on Dollar General and gave the company a “buy” rating in a research note on Friday, August 30th. Zacks Investment Research upgraded Dollar General from a “hold” rating to a “buy” rating and set a $134.00 price objective for the company in a research report on Wednesday, May 22nd. KeyCorp set a $180.00 price objective on Dollar General and gave the stock a “buy” rating in a research report on Friday, August 30th. Barclays raised their price objective on Dollar General from $141.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Finally, Piper Jaffray Companies raised their price objective on Dollar General from $137.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty have issued a buy rating to the company. Dollar General currently has a consensus rating of “Buy” and a consensus target price of $158.32.

About Dollar General

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.

Further Reading: Return on Investment (ROI)

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

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