Dollar General Co. (NYSE:DG) Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S trimmed its position in Dollar General Co. (NYSE:DG) by 2.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,221 shares of the company’s stock after selling 158 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Dollar General were worth $815,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. McGlone Suttner Wealth Management Inc. acquired a new stake in Dollar General during the 4th quarter worth $25,000. Burkett Financial Services LLC acquired a new position in Dollar General in the fourth quarter valued at $26,000. Fortis Group Advisors LLC increased its stake in Dollar General by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock valued at $27,000 after purchasing an additional 100 shares during the period. MV Capital Management Inc. increased its stake in Dollar General by 78.0% in the fourth quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock valued at $30,000 after purchasing an additional 96 shares during the period. Finally, Lowe Wealth Advisors LLC acquired a new position in Dollar General in the fourth quarter valued at $33,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DG. Argus boosted their price target on shares of Dollar General from $160.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. JPMorgan Chase & Co. lowered their target price on shares of Dollar General from $161.00 to $137.00 and set a “neutral” rating on the stock in a research report on Friday, May 31st. Telsey Advisory Group restated an “outperform” rating and set a $170.00 target price on shares of Dollar General in a research report on Thursday, May 30th. Wells Fargo & Company lowered their target price on shares of Dollar General from $155.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 4th. Finally, Evercore ISI reduced their price target on shares of Dollar General from $151.00 to $148.00 and set an “in-line” rating on the stock in a report on Tuesday, July 2nd. Twelve equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $148.09.

Dollar General Trading Down 1.3 %

Shares of Dollar General stock traded down $1.66 during trading hours on Wednesday, hitting $126.88. The company’s stock had a trading volume of 525,363 shares, compared to its average volume of 2,435,593. Dollar General Co. has a 1-year low of $101.09 and a 1-year high of $173.47. The business has a fifty day moving average of $133.85 and a 200 day moving average of $139.99. The company has a market capitalization of $27.90 billion, a PE ratio of 18.71, a P/E/G ratio of 2.56 and a beta of 0.43. The company has a quick ratio of 0.18, a current ratio of 1.22 and a debt-to-equity ratio of 0.89.

Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, May 30th. The company reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.08. Dollar General had a net margin of 3.85% and a return on equity of 22.80%. The business had revenue of $9.91 billion during the quarter, compared to the consensus estimate of $9.89 billion. During the same quarter last year, the company earned $2.34 earnings per share. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. As a group, equities analysts forecast that Dollar General Co. will post 7.21 EPS for the current year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 23rd. Shareholders of record on Tuesday, July 9th will be paid a dividend of $0.59 per share. The ex-dividend date is Tuesday, July 9th. This represents a $2.36 annualized dividend and a yield of 1.86%. Dollar General’s payout ratio is 34.35%.

Insider Buying and Selling at Dollar General

In other news, Director Ralph Santana sold 3,009 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $155.72, for a total transaction of $468,561.48. Following the completion of the transaction, the director now owns 3,248 shares in the company, valued at $505,778.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.49% of the stock is owned by insiders.

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.