Dollar General Co. (NYSE:DG) Shares Sold by Alecta Tjanstepension Omsesidigt

Alecta Tjanstepension Omsesidigt trimmed its holdings in Dollar General Co. (NYSE:DG) by 9.7% during the third quarter, HoldingsChannel.com reports. The firm owned 1,862,400 shares of the company’s stock after selling 200,000 shares during the period. Alecta Tjanstepension Omsesidigt’s holdings in Dollar General were worth $157,466,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP boosted its stake in Dollar General by 1,463.6% during the 4th quarter. Wellington Management Group LLP now owns 41,483 shares of the company’s stock valued at $5,640,000 after acquiring an additional 38,830 shares during the last quarter. Mather Group LLC. bought a new stake in shares of Dollar General in the 1st quarter worth about $59,000. Massmutual Trust Co. FSB ADV lifted its position in shares of Dollar General by 12.4% during the first quarter. Massmutual Trust Co. FSB ADV now owns 689 shares of the company’s stock worth $108,000 after purchasing an additional 76 shares during the last quarter. Czech National Bank grew its stake in Dollar General by 0.5% in the first quarter. Czech National Bank now owns 38,620 shares of the company’s stock worth $6,027,000 after purchasing an additional 181 shares in the last quarter. Finally, Wedmont Private Capital bought a new stake in Dollar General in the first quarter valued at about $222,000. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Dollar General Price Performance

Shares of Dollar General stock traded down $1.30 on Friday, hitting $80.60. The company had a trading volume of 4,808,603 shares, compared to its average volume of 3,131,490. Dollar General Co. has a 52 week low of $77.96 and a 52 week high of $168.07. The company has a market cap of $17.72 billion, a PE ratio of 11.73, a PEG ratio of 2.42 and a beta of 0.44. The business has a 50-day simple moving average of $93.38 and a 200-day simple moving average of $120.07. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 0.24.

Dollar General (NYSE:DG) last issued its quarterly earnings results 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). The business had revenue of $10.21 billion during the quarter, compared to analyst estimates of $10.37 billion. Dollar General had a net margin of 3.57% and a return on equity of 20.62%. Dollar General’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.13 earnings per share. Research analysts expect that Dollar General Co. will post 5.86 EPS for the current fiscal year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend is Tuesday, October 8th. Dollar General’s payout ratio is 34.35%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Loop Capital decreased their target price on Dollar General from $130.00 to $90.00 and set a “hold” rating for the company in a research report on Friday, August 30th. Raymond James lowered their target price on shares of Dollar General from $150.00 to $120.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. Wells Fargo & Company reduced their price target on shares of Dollar General from $145.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 27th. Bank of America lowered their price objective on shares of Dollar General from $118.00 to $95.00 and set an “underperform” rating for the company in a research report on Friday, August 30th. Finally, Evercore ISI cut their target price on shares of Dollar General from $139.00 to $100.00 and set an “in-line” rating on the stock in a report on Friday, August 30th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Dollar General has a consensus rating of “Hold” and a consensus price target of $108.11.

Insider Activity

In related news, Director Warren F. Bryant purchased 500 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were purchased at an average price of $80.40 per share, with a total value of $40,200.00. Following the purchase, the director now owns 41,030 shares of the company’s stock, valued at $3,298,812. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. In other Dollar General news, Director Warren F. Bryant acquired 1,000 shares of Dollar General stock in a transaction that occurred on Tuesday, September 10th. The stock was purchased at an average cost of $80.83 per share, with a total value of $80,830.00. Following the purchase, the director now owns 42,030 shares in the company, valued at approximately $3,397,284.90. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Warren F. Bryant bought 500 shares of the stock in a transaction on Thursday, September 5th. The shares were acquired at an average cost of $80.40 per share, for a total transaction of $40,200.00. Following the purchase, the director now owns 41,030 shares in the company, valued at approximately $3,298,812. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.49% of the stock is currently owned by company insiders.

Dollar General Company 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.