Atalanta Sosnoff Capital LLC Invests $30.19 Million in Dollar General Corp. (DG) Stock

Atalanta Sosnoff Capital LLC purchased a new position in shares of Dollar General Corp. (NYSE:DG) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 324,589 shares of the company’s stock, valued at approximately $30,190,000. Atalanta Sosnoff Capital LLC owned 0.12% of Dollar General as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Sun Life Financial INC boosted its position in Dollar General by 18,170.0% during the 2nd quarter. Sun Life Financial INC now owns 1,827 shares of the company’s stock worth $132,000 after acquiring an additional 1,817 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in Dollar General by 2.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,034 shares of the company’s stock worth $146,000 after acquiring an additional 48 shares during the period. Meeder Asset Management Inc. boosted its position in Dollar General by 22,950.0% during the 3rd quarter. Meeder Asset Management Inc. now owns 2,305 shares of the company’s stock worth $187,000 after acquiring an additional 2,295 shares during the period. Fieldpoint Private Securities LLC acquired a new position in Dollar General during the 3rd quarter worth $195,000. Finally, Commerzbank Aktiengesellschaft FI acquired a new position in Dollar General during the 3rd quarter worth $213,000. Institutional investors own 90.23% of the company’s stock.

DG has been the subject of several research analyst reports. Zacks Investment Research lowered Dollar General from a “buy” rating to a “hold” rating in a report on Monday, December 11th. Deutsche Bank upgraded Dollar General from a “hold” rating to a “buy” rating and upped their price objective for the company from $79.00 to $93.00 in a report on Wednesday, November 15th. Goldman Sachs Group restated a “neutral” rating and issued a $89.00 price objective on shares of Dollar General in a report on Tuesday, November 14th. MKM Partners upped their price objective on Dollar General to $96.00 and gave the company a “buy” rating in a report on Monday, November 20th. Finally, BMO Capital Markets set a $102.00 price objective on Dollar General and gave the company a “hold” rating in a report on Friday, December 8th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have issued a buy rating to the company. Dollar General currently has an average rating of “Hold” and a consensus price target of $85.54.

In other news, SVP Michael J. Kindy sold 7,536 shares of the company’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $90.64, for a total transaction of $683,063.04. Following the completion of the sale, the senior vice president now directly owns 7,578 shares of the company’s stock, valued at $686,869.92. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Robert D. Ravener sold 11,368 shares of the company’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $92.81, for a total value of $1,055,064.08. Following the sale, the executive vice president now directly owns 22,598 shares of the company’s stock, valued at $2,097,320.38. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,916 shares of company stock valued at $1,924,881. 0.32% of the stock is currently owned by company insiders.

Shares of Dollar General Corp. (NYSE:DG) traded up $0.10 during midday trading on Tuesday, hitting $94.25. The stock had a trading volume of 2,613,253 shares, compared to its average volume of 2,314,192. Dollar General Corp. has a twelve month low of $65.97 and a twelve month high of $96.60. The stock has a market capitalization of $25,590.00, a P/E ratio of 20.90, a price-to-earnings-growth ratio of 1.89 and a beta of 0.95. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.19 and a current ratio of 1.41.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, December 7th. The company reported $0.93 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.01). Dollar General had a net margin of 5.31% and a return on equity of 22.58%. The company had revenue of $5.90 billion for the quarter, compared to analysts’ expectations of $5.80 billion. During the same period in the prior year, the company earned $0.89 earnings per share. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. research analysts anticipate that Dollar General Corp. will post 4.48 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 9th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Monday, January 8th. Dollar General’s dividend payout ratio is 23.06%.

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Dollar General Company Profile

Dollar General Corporation is a discount retailer. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. The Company’s consumables category includes paper and cleaning products (such as paper towels, bath tissue, and other home cleaning supplies); packaged food (such as cereals, spices, sugar and flour); perishables (such as milk, beer and wine); snacks (such as candy, cookies, and carbonated beverages); health and beauty (such as over-the-counter medicines and personal care products); pet (pet supplies and pet food), and tobacco products.

Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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