Dollar General Corp. (NYSE:DG) Stake Lowered by Tredje AP fonden

Tredje AP fonden cut its holdings in Dollar General Corp. (NYSE:DG) by 21.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,112 shares of the company’s stock after selling 6,140 shares during the quarter. Tredje AP fonden’s holdings in Dollar General were worth $1,792,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Dollar General by 1.8% in the second quarter. Vanguard Group Inc. now owns 17,615,600 shares of the company’s stock valued at $1,269,909,000 after purchasing an additional 315,589 shares during the period. Longview Partners Guernsey LTD raised its position in shares of Dollar General by 41.3% in the third quarter. Longview Partners Guernsey LTD now owns 11,321,660 shares of the company’s stock valued at $917,621,000 after purchasing an additional 3,310,168 shares during the period. FMR LLC raised its position in shares of Dollar General by 29.4% in the second quarter. FMR LLC now owns 5,915,175 shares of the company’s stock valued at $426,424,000 after purchasing an additional 1,345,562 shares during the period. Capital International Investors raised its position in shares of Dollar General by 1.8% in the second quarter. Capital International Investors now owns 5,636,400 shares of the company’s stock valued at $406,328,000 after purchasing an additional 98,000 shares during the period. Finally, Polen Capital Management LLC increased its position in Dollar General by 11.2% during the second quarter. Polen Capital Management LLC now owns 4,780,742 shares of the company’s stock worth $344,644,000 after acquiring an additional 480,632 shares during the period. Hedge funds and other institutional investors own 90.21% of the company’s stock.

A number of equities analysts recently issued reports on the stock. Raymond James Financial set a $107.00 target price on shares of Dollar General and gave the stock a “buy” rating in a research report on Saturday, December 9th. Zacks Investment Research lowered shares of Dollar General from a “buy” rating to a “hold” rating in a research report on Monday, December 11th. Telsey Advisory Group boosted their target price on shares of Dollar General from $86.00 to $98.00 and gave the stock a “market perform” rating in a research report on Friday, December 8th. BMO Capital Markets set a $102.00 target price on shares of Dollar General and gave the stock a “hold” rating in a research report on Friday, December 8th. Finally, Wolfe Research raised shares of Dollar General from an “underperform” rating to an “outperform” rating in a research report on Wednesday, December 20th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $85.54.

Dollar General Corp. (DG) traded up $0.43 during trading on Friday, reaching $93.01. 2,320,648 shares of the company’s stock were exchanged, compared to its average volume of 2,740,556. The company has a current ratio of 1.41, a quick ratio of 0.19 and a debt-to-equity ratio of 0.47. Dollar General Corp. has a 52 week low of $65.97 and a 52 week high of $96.60. The firm has a market cap of $25,141.36, a P/E ratio of 20.58, a PEG ratio of 1.83 and a beta of 0.96.

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

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 9th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Monday, January 8th. This represents a $1.04 dividend on an annualized basis and a yield of 1.12%. Dollar General’s payout ratio is presently 23.01%.

In other news, SVP Michael J. Kindy sold 7,536 shares of the company’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $90.64, for a total value of $683,063.04. Following the completion of the sale, the senior vice president now directly owns 7,578 shares of the company’s stock, valued at approximately $686,869.92. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Anita C. Elliott sold 2,012 shares of the stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $92.82, for a total value of $186,753.84. Following the sale, the senior vice president now directly owns 14,969 shares of the company’s stock, valued at $1,389,422.58. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,916 shares of company stock worth $1,924,881. Corporate insiders own 0.22% of the company’s stock.

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Dollar General Profile

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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