National Pension Service lowered its holdings in shares of Dollar General Corp. (NYSE:DG) by 1.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 303,196 shares of the company’s stock after selling 3,179 shares during the period. National Pension Service owned 0.11% of Dollar General worth $28,200,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of DG. Franklin Resources Inc. lifted its stake in shares of Dollar General by 38.2% in the 2nd quarter. Franklin Resources Inc. now owns 7,429 shares of the company’s stock worth $535,000 after acquiring an additional 2,055 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake 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 acquiring an additional 48 shares during the period. Stevens Capital Management LP lifted its stake in shares of Dollar General by 246.9% in the 2nd quarter. Stevens Capital Management LP now owns 32,119 shares of the company’s stock worth $2,315,000 after acquiring an additional 22,861 shares during the period. Profund Advisors LLC lifted its stake in shares of Dollar General by 26.0% in the 2nd quarter. Profund Advisors LLC now owns 9,203 shares of the company’s stock worth $663,000 after acquiring an additional 1,901 shares during the period. Finally, UBS Asset Management Americas Inc. lifted its stake in shares of Dollar General by 7.1% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 845,649 shares of the company’s stock worth $60,963,000 after acquiring an additional 56,001 shares during the period. Hedge funds and other institutional investors own 90.37% of the company’s stock.
Dollar General Corp. (DG) opened at $101.03 on Friday. The company has a quick ratio of 0.19, a current ratio of 1.41 and a debt-to-equity ratio of 0.47. The stock has a market cap of $27,292.14, a PE ratio of 22.35, a PEG ratio of 1.98 and a beta of 0.95. Dollar General Corp. has a twelve month low of $65.97 and a twelve month high of $101.26.
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 issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Monday, January 8th. This represents a $1.04 annualized dividend and a yield of 1.03%. Dollar General’s dividend payout ratio (DPR) is currently 23.01%.
In other Dollar General news, EVP Robert D. Ravener sold 11,368 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $92.81, for a total transaction of $1,055,064.08. Following the completion of the transaction, the executive vice president now directly owns 22,598 shares in the company, valued at approximately $2,097,320.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Anita C. Elliott sold 2,012 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $92.82, for a total transaction of $186,753.84. Following the transaction, the senior vice president now owns 14,969 shares of the company’s stock, valued at $1,389,422.58. The disclosure for this sale can be found here. Insiders have sold a total of 20,916 shares of company stock valued at $1,924,881 over the last 90 days. 0.22% of the stock is currently owned by insiders.
Several research firms have recently commented on DG. Zacks Investment Research cut shares of Dollar General from a “buy” rating to a “hold” rating in a research note on Monday, December 11th. Raymond James Financial restated a “buy” rating and issued a $107.00 target price on shares of Dollar General in a research note on Sunday, December 3rd. Citigroup began coverage on shares of Dollar General in a research note on Tuesday. They issued an “outperform” rating and a $112.00 target price for the company. BMO Capital Markets set a $102.00 target price on shares of Dollar General and gave the stock a “hold” rating in a research note on Friday, December 8th. Finally, KeyCorp restated a “hold” rating on shares of Dollar General in a research note on Friday, November 10th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $88.52.
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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.
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