Cullen Frost Bankers Inc. Raises Stock Holdings in Dollar General Corp. (NYSE:DG)

Cullen Frost Bankers Inc. lifted its holdings in Dollar General Corp. (NYSE:DG) by 14.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,867 shares of the company’s stock after buying an additional 603 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Dollar General were worth $773,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Buckingham Capital Management Inc. increased its holdings in Dollar General by 12.0% during the 1st quarter. Buckingham Capital Management Inc. now owns 47,146 shares of the company’s stock worth $5,625,000 after purchasing an additional 5,065 shares during the period. Bath Savings Trust Co increased its holdings in Dollar General by 55.1% during the 2nd quarter. Bath Savings Trust Co now owns 2,830 shares of the company’s stock worth $382,000 after purchasing an additional 1,005 shares during the period. Park National Corp OH increased its holdings in Dollar General by 12.1% during the 2nd quarter. Park National Corp OH now owns 52,138 shares of the company’s stock worth $7,047,000 after purchasing an additional 5,633 shares during the period. LVM Capital Management Ltd. MI increased its holdings in Dollar General by 4.2% during the 2nd quarter. LVM Capital Management Ltd. MI now owns 58,534 shares of the company’s stock worth $7,911,000 after purchasing an additional 2,335 shares during the period. Finally, Summit Financial Group Inc. purchased a new position in Dollar General during the 2nd quarter worth $203,000. Hedge funds and other institutional investors own 93.18% of the company’s stock.

Dollar General stock opened at $157.86 on Friday. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.14 and a quick ratio of 0.12. The stock has a market capitalization of $41.05 billion, a price-to-earnings ratio of 26.44, a PEG ratio of 2.37 and a beta of 0.53. Dollar General Corp. has a 1-year low of $98.08 and a 1-year high of $166.98. The business has a fifty day moving average price of $160.69 and a 200-day moving average price of $142.12.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, August 29th. The company reported $1.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.58 by $0.16. The firm had revenue of $6.98 billion during the quarter, compared to analysts’ expectations of $6.89 billion. Dollar General had a return on equity of 25.34% and a net margin of 6.11%. The business’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.52 EPS. On average, equities research analysts anticipate that Dollar General Corp. will post 6.61 earnings per share for the current fiscal year.

The firm also recently disclosed a — dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th were given a $0.32 dividend. The ex-dividend date was Monday, October 7th. This represents a dividend yield of 0.8%. Dollar General’s payout ratio is 21.44%.

Several research firms have commented on DG. Sanford C. Bernstein upgraded Dollar General from a “market perform” rating to an “outperform” rating in a report on Wednesday, September 11th. ValuEngine downgraded Dollar General from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research downgraded Dollar General from a “buy” rating to a “hold” rating and set a $170.00 price target on the stock. in a report on Monday, September 30th. Goldman Sachs Group reiterated a “buy” rating and issued a $108.00 price target on shares of Dollar General in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and issued a $114.00 price target on shares of Dollar General in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have issued a buy rating to the company. Dollar General has a consensus rating of “Buy” and a consensus target price of $154.82.

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.

Featured Story: Google Finance Portfolio

Want to see what other hedge funds are holding DG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dollar General Corp. (NYSE:DG).

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

Receive News & Ratings for Dollar General Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar General and related companies with MarketBeat.com's FREE daily email newsletter.