Marco Investment Management LLC Has $1.70 Million Holdings in Dollar General Co. (NYSE:DG)

Marco Investment Management LLC reduced its stake in shares of Dollar General Co. (NYSE:DG) by 9.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,370 shares of the company’s stock after selling 2,400 shares during the quarter. Marco Investment Management LLC’s holdings in Dollar General were worth $1,696,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of DG. Wilmington Savings Fund Society FSB acquired a new position in Dollar General during the 3rd quarter valued at $33,000. Providence First Trust Co acquired a new position in Dollar General during the 4th quarter valued at $33,000. Bogart Wealth LLC raised its stake in shares of Dollar General by 279.8% in the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock valued at $37,000 after buying an additional 361 shares in the last quarter. Venturi Wealth Management LLC raised its stake in shares of Dollar General by 126.4% in the 4th quarter. Venturi Wealth Management LLC now owns 498 shares of the company’s stock valued at $38,000 after buying an additional 278 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of Dollar General in the 4th quarter valued at $39,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on DG shares. Bank of America upgraded shares of Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 price objective for the company in a research note on Friday, December 6th. BMO Capital Markets increased their price objective on shares of Dollar General from $80.00 to $84.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. Wells Fargo & Company dropped their price objective on shares of Dollar General from $90.00 to $80.00 and set an “equal weight” rating for the company in a research note on Thursday, December 5th. Barclays dropped their price objective on shares of Dollar General from $102.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday, January 9th. Finally, Telsey Advisory Group dropped their price objective on shares of Dollar General from $88.00 to $85.00 and set a “market perform” rating for the company in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $95.26.

Dollar General Stock Up 3.3 %

Shares of NYSE:DG opened at $76.13 on Friday. Dollar General Co. has a 12 month low of $66.43 and a 12 month high of $168.07. The company’s 50-day moving average price is $73.21 and its two-hundred day moving average price is $80.20. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. The firm has a market cap of $16.74 billion, a P/E ratio of 12.54, a P/E/G ratio of 2.18 and a beta of 0.44.

Dollar General (NYSE:DG) last released its earnings results on Thursday, December 5th. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.08). Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The business had revenue of $10.18 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the previous year, the company posted $1.26 earnings per share. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, research analysts forecast that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Insider Buying and Selling at Dollar General

In related news, Director Michael M. Calbert sold 6,000 shares of the stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total value of $451,620.00. Following the sale, the director now directly owns 120,322 shares in the company, valued at $9,056,636.94. This trade represents a 4.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Emily C. Taylor sold 4,740 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $77.44, for a total transaction of $367,065.60. Following the completion of the sale, the executive vice president now owns 15,575 shares in the company, valued at $1,206,128. This represents a 23.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

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.