Lateef Investment Management L.P. Sells 5,247 Shares of Dollar General Corp. (NYSE:DG)

Lateef Investment Management L.P. trimmed its stake in shares of Dollar General Corp. (NYSE:DG) by 1.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 527,087 shares of the company’s stock after selling 5,247 shares during the quarter. Dollar General makes up 3.8% of Lateef Investment Management L.P.’s portfolio, making the stock its 6th biggest position. Lateef Investment Management L.P. owned 0.19% of Dollar General worth $42,720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. Sun Life Financial INC lifted its position in shares of Dollar General by 18,170.0% in the 2nd quarter. Sun Life Financial INC now owns 1,827 shares of the company’s stock worth $132,000 after buying an additional 1,817 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Dollar General by 2.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,034 shares of the company’s stock worth $146,000 after buying an additional 48 shares during the last quarter. Welch Group LLC lifted its position in shares of Dollar General by 27.1% in the 2nd quarter. Welch Group LLC now owns 2,267 shares of the company’s stock worth $163,000 after buying an additional 483 shares during the last quarter. Meeder Asset Management Inc. lifted its position in Dollar General by 22,950.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 2,305 shares of the company’s stock valued at $187,000 after purchasing an additional 2,295 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI bought a new stake in Dollar General in the 3rd quarter valued at about $213,000. Institutional investors own 90.21% of the company’s stock.

Dollar General Corp. (NYSE DG) traded up $0.43 during trading on Friday, hitting $93.01. 2,320,648 shares of the stock traded hands, compared to its average volume of 2,740,556. The stock has a market capitalization of $25,141.36, a P/E ratio of 20.58, a P/E/G ratio of 1.83 and a beta of 0.96. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.19 and a current ratio of 1.41. Dollar General Corp. has a 1-year low of $65.97 and a 1-year high of $96.60.

Dollar General (NYSE:DG) last released its earnings results on Thursday, December 7th. The company reported $0.93 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.01). The firm had revenue of $5.90 billion during the quarter, compared to analysts’ expectations of $5.80 billion. Dollar General had a return on equity of 22.58% and a net margin of 5.31%. The business’s revenue was up 11.0% on a year-over-year basis. During the same period last year, the business earned $0.89 earnings per share. research analysts predict that Dollar General Corp. will post 4.48 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 9th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend is Monday, January 8th. Dollar General’s dividend payout ratio (DPR) is currently 23.01%.

Several analysts recently weighed in on DG shares. Deutsche Bank upgraded shares of Dollar General from a “hold” rating to a “buy” rating and lifted their price objective for the company from $79.00 to $93.00 in a research report on Wednesday, November 15th. Zacks Investment Research upgraded shares of Dollar General from a “hold” rating to a “buy” rating and set a $94.00 price objective on the stock in a research report on Tuesday, November 14th. Citigroup lifted their price objective on shares of Dollar General from $87.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, September 13th. Royal Bank of Canada reiterated a “buy” rating and issued a $85.00 price objective on shares of Dollar General in a research report on Tuesday, October 10th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $85.00 price objective on shares of Dollar General in a research report on Friday, September 29th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $85.54.

In related news, SVP Anita C. Elliott sold 2,012 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $92.82, for a total transaction of $186,753.84. Following the completion of the sale, the senior vice president now directly owns 14,969 shares in the company, valued at $1,389,422.58. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Michael J. Kindy sold 7,536 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $90.64, for a total transaction of $683,063.04. Following the sale, the senior vice president now owns 7,578 shares of the company’s stock, valued at $686,869.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,916 shares of company stock worth $1,924,881. 0.22% of the stock is currently owned by insiders.

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About Dollar General

Dollar General Corporation is a discount retailer. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. The Company’s consumables category includes paper and cleaning products (such as paper towels, bath tissue, and other home cleaning supplies); packaged food (such as cereals, spices, sugar and flour); perishables (such as milk, beer and wine); snacks (such as candy, cookies, and carbonated beverages); health and beauty (such as over-the-counter medicines and personal care products); pet (pet supplies and pet food), and tobacco products.

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

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