Meeder Asset Management Inc. Sells 8,033 Shares of Dollar General Corp. (DG)

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Meeder Asset Management Inc. reduced its stake in Dollar General Corp. (NYSE:DG) by 31.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,887 shares of the company’s stock after selling 8,033 shares during the period. Meeder Asset Management Inc.’s holdings in Dollar General were worth $1,955,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Legacy Capital Partners Inc. lifted its stake in Dollar General by 23.3% during the third quarter. Legacy Capital Partners Inc. now owns 2,650 shares of the company’s stock worth $290,000 after purchasing an additional 500 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in Dollar General by 3.3% during the third quarter. Louisiana State Employees Retirement System now owns 15,500 shares of the company’s stock worth $1,694,000 after purchasing an additional 500 shares during the last quarter. Greenwood Capital Associates LLC lifted its stake in Dollar General by 9.2% during the second quarter. Greenwood Capital Associates LLC now owns 6,065 shares of the company’s stock worth $598,000 after purchasing an additional 509 shares during the last quarter. Strs Ohio lifted its stake in Dollar General by 2.2% during the third quarter. Strs Ohio now owns 24,110 shares of the company’s stock worth $2,635,000 after purchasing an additional 512 shares during the last quarter. Finally, Creative Planning lifted its stake in Dollar General by 7.2% during the third quarter. Creative Planning now owns 7,688 shares of the company’s stock worth $840,000 after purchasing an additional 516 shares during the last quarter. Institutional investors and hedge funds own 95.48% of the company’s stock.

Shares of DG opened at $114.39 on Wednesday. Dollar General Corp. has a 52 week low of $79.79 and a 52 week high of $115.29. The firm has a market capitalization of $29.77 billion, a PE ratio of 25.48, a PEG ratio of 1.35 and a beta of 0.82. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.55 and a quick ratio of 0.21.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, August 30th. The company reported $1.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.03. The business had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.38 billion. Dollar General had a return on equity of 23.51% and a net margin of 7.06%. Dollar General’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.10 earnings per share. As a group, analysts expect that Dollar General Corp. will post 6.1 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 23rd. Investors of record on Tuesday, October 9th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, October 5th. This represents a $1.16 dividend on an annualized basis and a yield of 1.01%. Dollar General’s payout ratio is 25.84%.

In related news, EVP Robert D. Ravener sold 22,440 shares of the stock in a transaction on Friday, September 7th. The stock was sold at an average price of $111.49, for a total value of $2,501,835.60. Following the completion of the sale, the executive vice president now directly owns 50,747 shares in the company, valued at $5,657,783.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.41% of the company’s stock.

Several research firms have weighed in on DG. Credit Suisse Group set a $99.00 target price on Dollar General and gave the stock a “hold” rating in a research note on Monday, August 27th. Deutsche Bank upped their target price on Dollar General from $123.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, August 31st. MKM Partners upped their target price on Dollar General to $117.00 and gave the stock a “buy” rating in a research note on Tuesday, August 28th. Guggenheim restated a “buy” rating and set a $115.00 target price on shares of Dollar General in a research note on Monday, August 20th. Finally, Loop Capital upped their target price on Dollar General from $97.00 to $105.00 and gave the stock a “hold” rating in a research note on Thursday, August 30th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $106.35.

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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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