Coldstream Capital Management Inc. Sells 7,192 Shares of Dollar General Co. (NYSE:DG)

Coldstream Capital Management Inc. reduced its position in shares of Dollar General Co. (NYSE:DG) by 54.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,965 shares of the company’s stock after selling 7,192 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Dollar General were worth $811,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in DG. Vanguard Group Inc. raised its position in shares of Dollar General by 18.9% during the 3rd quarter. Vanguard Group Inc. now owns 21,711,407 shares of the company’s stock valued at $2,297,067,000 after acquiring an additional 3,457,393 shares during the last quarter. Norges Bank bought a new stake in Dollar General in the fourth quarter valued at approximately $337,150,000. The Manufacturers Life Insurance Company raised its holdings in Dollar General by 98.1% in the third quarter. The Manufacturers Life Insurance Company now owns 2,106,653 shares of the company’s stock worth $222,884,000 after purchasing an additional 1,043,141 shares during the period. Baupost Group LLC MA increased its position in shares of Dollar General by 283.1% in the 3rd quarter. Baupost Group LLC MA now owns 927,000 shares of the company’s stock valued at $98,077,000 after buying an additional 685,000 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Dollar General by 78.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,426,318 shares of the company’s stock worth $150,904,000 after acquiring an additional 627,844 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DG. Oppenheimer reiterated a “market perform” rating on shares of Dollar General in a research report on Wednesday, March 6th. Argus raised their price objective on Dollar General from $160.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, March 28th. BMO Capital Markets upped their price objective on Dollar General from $130.00 to $160.00 and gave the company a “market perform” rating in a research note on Friday, March 15th. JPMorgan Chase & Co. increased their price objective on Dollar General from $158.00 to $161.00 and gave the stock a “neutral” rating in a research report on Monday, April 15th. Finally, Morgan Stanley lifted their price objective on Dollar General from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, March 15th. Fifteen analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $153.08.

Insider Transactions at Dollar General

In other news, Director Ralph Santana sold 3,009 shares of the company’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $155.72, for a total value of $468,561.48. Following the sale, the director now directly owns 3,248 shares of the company’s stock, valued at approximately $505,778.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Dollar General news, EVP Carman R. Wenkoff sold 5,909 shares of Dollar General stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total value of $958,617.07. Following the completion of the sale, the executive vice president now directly owns 28,579 shares in the company, valued at $4,636,371.17. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ralph Santana sold 3,009 shares of the firm’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $155.72, for a total transaction of $468,561.48. Following the sale, the director now directly owns 3,248 shares of the company’s stock, valued at approximately $505,778.56. The disclosure for this sale can be found here. 0.49% of the stock is owned by corporate insiders.

Dollar General Stock Performance

Dollar General stock opened at $142.60 on Wednesday. The business has a 50 day moving average of $147.41 and a 200-day moving average of $138.72. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.19 and a quick ratio of 0.15. Dollar General Co. has a 1 year low of $101.09 and a 1 year high of $214.21. The company has a market capitalization of $31.32 billion, a P/E ratio of 18.86, a P/E/G ratio of 2.46 and a beta of 0.44.

Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, March 14th. The company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.09. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. The firm had revenue of $9.86 billion during the quarter, compared to the consensus estimate of $9.77 billion. During the same quarter last year, the firm earned $2.96 earnings per share. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, equities research analysts predict that Dollar General Co. will post 7.28 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th were paid a $0.59 dividend. The ex-dividend date was Monday, April 8th. This represents a $2.36 annualized dividend and a dividend yield of 1.65%. Dollar General’s payout ratio is 31.22%.

Dollar General Profile

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.