Trustcore Financial Services LLC Sells 227 Shares of Dollar General Corp. (NYSE:DG)

Trustcore Financial Services LLC lessened its position in Dollar General Corp. (NYSE:DG) by 3.7% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 5,884 shares of the company’s stock after selling 227 shares during the period. Trustcore Financial Services LLC’s holdings in Dollar General were worth $795,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Comerica Securities Inc. purchased a new position in Dollar General during the fourth quarter worth approximately $511,000. Geode Capital Management LLC increased its stake in Dollar General by 9.7% during the fourth quarter. Geode Capital Management LLC now owns 3,767,235 shares of the company’s stock worth $406,512,000 after acquiring an additional 334,530 shares during the last quarter. Legacy Advisors LLC acquired a new stake in Dollar General during the first quarter worth $102,000. Bogart Wealth LLC increased its stake in Dollar General by 26.7% during the first quarter. Bogart Wealth LLC now owns 1,547 shares of the company’s stock worth $184,000 after acquiring an additional 326 shares during the last quarter. Finally, MorganRosel Wealth Management LLC acquired a new stake in Dollar General during the first quarter worth $760,000. Hedge funds and other institutional investors own 95.48% of the company’s stock.

Shares of NYSE DG traded down $1.29 during trading on Monday, reaching $132.40. The stock had a trading volume of 771,747 shares, compared to its average volume of 1,683,315. Dollar General Corp. has a fifty-two week low of $97.73 and a fifty-two week high of $145.06. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.12 and a current ratio of 1.16. The stock has a 50-day moving average price of $138.27. The stock has a market capitalization of $33.95 billion, a P/E ratio of 22.18, a P/E/G ratio of 1.89 and a beta of 0.67.

Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, May 30th. The company reported $1.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.39 by $0.09. Dollar General had a return on equity of 25.03% and a net margin of 6.16%. The business had revenue of $6.62 billion during the quarter, compared to analysts’ expectations of $6.57 billion. During the same period in the previous year, the firm posted $1.36 earnings per share. The company’s revenue was up 8.3% on a year-over-year basis. Research analysts expect that Dollar General Corp. will post 6.47 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 23rd. Stockholders of record on Tuesday, July 9th were paid a $0.32 dividend. The ex-dividend date was Monday, July 8th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.97%. Dollar General’s payout ratio is presently 21.44%.

Several research firms have issued reports on DG. Oppenheimer raised their target price on Dollar General from $135.00 to $150.00 and gave the stock a “top pick” rating in a research note on Thursday, June 13th. BMO Capital Markets raised their target price on Dollar General from $133.00 to $140.00 and gave the stock an “outperform” rating in a research note on Friday, May 31st. UBS Group raised their target price on Dollar General from $126.00 to $143.00 and gave the stock a “buy” rating in a research note on Friday, May 31st. Telsey Advisory Group reissued an “outperform” rating and set a $138.00 target price (up previously from $129.00) on shares of Dollar General in a research note on Friday, May 31st. Finally, Raymond James raised their target price on Dollar General from $127.00 to $146.00 and gave the stock a “strong-buy” rating in a research note on Friday, May 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $133.86.

Dollar General Company 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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