InterOcean Capital Group LLC Sells 222 Shares of Dollar General Co. (NYSE:DG)

InterOcean Capital Group LLC trimmed its position in shares of Dollar General Co. (NYSE:DG) by 12.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,614 shares of the company’s stock after selling 222 shares during the period. InterOcean Capital Group LLC’s holdings in Dollar General were worth $252,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pitcairn Co. raised its stake in Dollar General by 12.0% in the 1st quarter. Pitcairn Co. now owns 16,092 shares of the company’s stock valued at $2,511,000 after acquiring an additional 1,725 shares during the period. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Dollar General by 45.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 190,350 shares of the company’s stock worth $29,771,000 after buying an additional 59,186 shares during the period. National Bank of Canada FI raised its holdings in Dollar General by 4.9% in the 1st quarter. National Bank of Canada FI now owns 170,939 shares of the company’s stock valued at $26,677,000 after acquiring an additional 7,986 shares during the period. Lake Street Advisors Group LLC raised its holdings in Dollar General by 407.3% in the 1st quarter. Lake Street Advisors Group LLC now owns 8,132 shares of the company’s stock valued at $1,269,000 after acquiring an additional 6,529 shares during the period. Finally, UniSuper Management Pty Ltd lifted its position in Dollar General by 310.2% during the first quarter. UniSuper Management Pty Ltd now owns 8,705 shares of the company’s stock worth $1,359,000 after acquiring an additional 6,583 shares during the last quarter. 91.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on DG. Telsey Advisory Group restated an “outperform” rating and issued a $170.00 price target on shares of Dollar General in a research note on Thursday, May 30th. Evercore ISI cut their price objective on shares of Dollar General from $151.00 to $148.00 and set an “in-line” rating for the company in a research report on Tuesday, July 2nd. BMO Capital Markets dropped their target price on shares of Dollar General from $150.00 to $140.00 and set a “market perform” rating for the company in a research report on Friday, May 31st. Argus reduced their price target on shares of Dollar General from $175.00 to $170.00 and set a “buy” rating on the stock in a research report on Monday, July 15th. Finally, Wells Fargo & Company lowered their price objective on shares of Dollar General from $155.00 to $145.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 4th. Twelve equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Dollar General presently has an average rating of “Hold” and an average price target of $147.86.

Dollar General Stock Performance

Shares of DG opened at $118.31 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.22 and a quick ratio of 0.18. The firm has a market cap of $26.02 billion, a PE ratio of 17.22, a PEG ratio of 2.30 and a beta of 0.43. Dollar General Co. has a 1 year low of $101.09 and a 1 year high of $173.47. The stock’s fifty day moving average price is $130.25 and its two-hundred day moving average price is $139.05.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, May 30th. The company reported $1.65 EPS for the quarter, topping the consensus estimate of $1.57 by $0.08. Dollar General had a net margin of 3.85% and a return on equity of 22.80%. The company had revenue of $9.91 billion during the quarter, compared to the consensus estimate of $9.89 billion. During the same period last year, the firm earned $2.34 EPS. Dollar General’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, equities research 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 was paid on Tuesday, July 23rd. Shareholders of record on Tuesday, July 9th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, July 9th. This represents a $2.36 dividend on an annualized basis and a yield of 1.99%. Dollar General’s dividend payout ratio is currently 34.35%.

About Dollar General

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.