Glenmede Trust Co. NA Reduces Stock Position in Dollar General Co. (NYSE:DG)

Glenmede Trust Co. NA trimmed its position in Dollar General Co. (NYSE:DG) by 5.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 219,238 shares of the company’s stock after selling 13,317 shares during the period. Glenmede Trust Co. NA owned about 0.10% of Dollar General worth $18,541,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Pullen Investment Management LLC lifted its stake in shares of Dollar General by 4.3% during the second quarter. Pullen Investment Management LLC now owns 2,105 shares of the company’s stock valued at $278,000 after buying an additional 87 shares during the period. Pathway Financial Advisers LLC lifted its stake in shares of Dollar General by 30.6% during the 2nd quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock worth $50,000 after purchasing an additional 88 shares during the period. Mitchell Mcleod Pugh & Williams Inc. boosted its holdings in shares of Dollar General by 3.8% during the second quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 2,835 shares of the company’s stock worth $375,000 after purchasing an additional 103 shares during the last quarter. Wedbush Securities Inc. grew its position in shares of Dollar General by 7.3% in the second quarter. Wedbush Securities Inc. now owns 1,661 shares of the company’s stock valued at $220,000 after purchasing an additional 113 shares during the period. Finally, Lummis Asset Management LP increased its stake in Dollar General by 1.2% in the second quarter. Lummis Asset Management LP now owns 9,419 shares of the company’s stock valued at $1,245,000 after purchasing an additional 115 shares during the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on DG shares. Daiwa America cut Dollar General from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Oppenheimer reaffirmed a “market perform” rating on shares of Dollar General in a research report on Monday, August 26th. Gordon Haskett upgraded shares of Dollar General from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Citigroup downgraded Dollar General from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $91.00 to $73.00 in a report on Friday, September 27th. Finally, UBS Group reduced their target price on Dollar General from $155.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $104.00.

Dollar General Price Performance

Shares of DG stock opened at $76.26 on Friday. The firm has a fifty day simple moving average of $80.33 and a 200-day simple moving average of $106.44. The company has a market capitalization of $16.77 billion, a PE ratio of 11.84, a price-to-earnings-growth ratio of 2.24 and a beta of 0.45. Dollar General Co. has a twelve month low of $72.12 and a twelve month high of $168.07. The company has a current ratio of 1.22, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, August 29th. The company reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The firm had revenue of $10.21 billion during the quarter, compared to analysts’ expectations of $10.37 billion. During the same period in the previous year, the company earned $2.13 earnings per share. The business’s quarterly revenue was up 4.2% on a year-over-year basis. Equities research analysts anticipate that Dollar General Co. will post 5.85 earnings per share for the current fiscal year.

Insider Activity at Dollar General

In related news, Director Warren F. Bryant purchased 500 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were purchased at an average cost of $80.40 per share, with a total value of $40,200.00. Following the completion of the acquisition, the director now directly owns 41,030 shares of the company’s stock, valued at approximately $3,298,812. The trade was a 1.23 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Steven R. Deckard sold 2,010 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total transaction of $174,186.60. Following the transaction, the executive vice president now directly owns 2,887 shares of the company’s stock, valued at approximately $250,187.42. This represents a 41.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by company insiders.

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.