Sei Investments Co. Sells 31,994 Shares of Dollar General Co. (NYSE:DG)

Sei Investments Co. lessened its position in shares of Dollar General Co. (NYSE:DG) by 20.3% in the 2nd quarter, HoldingsChannel reports. The fund owned 125,455 shares of the company’s stock after selling 31,994 shares during the period. Sei Investments Co.’s holdings in Dollar General were worth $16,588,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its position in shares of Dollar General by 162.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,185,887 shares of the company’s stock worth $2,472,372,000 after purchasing an additional 11,257,537 shares in the last quarter. Vanguard Group Inc. raised its stake in Dollar General by 15.5% in the fourth quarter. Vanguard Group Inc. now owns 25,071,820 shares of the company’s stock valued at $3,408,514,000 after buying an additional 3,360,413 shares during the last quarter. Capital International Investors boosted its holdings in Dollar General by 13.9% in the fourth quarter. Capital International Investors now owns 18,676,538 shares of the company’s stock worth $2,539,026,000 after acquiring an additional 2,273,119 shares in the last quarter. Pzena Investment Management LLC purchased a new stake in shares of Dollar General during the first quarter worth about $301,738,000. Finally, Interval Partners LP acquired a new position in shares of Dollar General during the first quarter valued at about $87,081,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Insider Activity at Dollar General

In related news, Director Warren F. Bryant acquired 1,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were acquired at an average cost of $80.83 per share, with a total value of $80,830.00. Following the completion of the acquisition, the director now directly owns 42,030 shares in the company, valued at approximately $3,397,284.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, EVP Steven R. Deckard sold 2,010 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 2,887 shares in the company, valued at $250,187.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 completion of the purchase, the director now owns 42,030 shares in the company, valued at approximately $3,397,284.90. The disclosure for this purchase can be found here. 0.49% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DG. JPMorgan Chase & Co. dropped their target price on shares of Dollar General from $130.00 to $97.00 and set a “neutral” rating on the stock in a research report on Friday, August 30th. Telsey Advisory Group lowered shares of Dollar General from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $168.00 to $103.00 in a report on Friday, August 30th. Daiwa America lowered Dollar General from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Bank of America dropped their price target on Dollar General from $118.00 to $95.00 and set an “underperform” rating on the stock in a research note on Friday, August 30th. Finally, Argus reduced their price objective on Dollar General from $175.00 to $170.00 and set a “buy” rating for the company in a research note on Monday, July 15th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $112.57.

Dollar General Stock Up 3.2 %

DG stock opened at $86.94 on Friday. The firm’s fifty day moving average is $105.95 and its 200 day moving average is $128.36. The firm has a market cap of $19.12 billion, a PE ratio of 12.66, a P/E/G ratio of 2.52 and a beta of 0.44. Dollar General Co. has a one year low of $77.96 and a one year high of $168.07. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 1.22.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, August 29th. The company reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.09). The business had revenue of $10.21 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.13 EPS. On average, research analysts forecast that Dollar General Co. will post 5.85 EPS for the current year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, October 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.71%. Dollar General’s dividend payout ratio (DPR) is 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.