Dollar General Co. (NYSE:DG) Shares Sold by Pensioenfonds Rail & OV

Pensioenfonds Rail & OV cut its stake in Dollar General Co. (NYSE:DG) by 1.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 253,321 shares of the company’s stock after selling 3,957 shares during the quarter. Dollar General comprises about 2.5% of Pensioenfonds Rail & OV’s investment portfolio, making the stock its 25th biggest position. Pensioenfonds Rail & OV’s holdings in Dollar General were worth $33,497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings 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 acquiring an additional 3,360,413 shares in the last quarter. Capital International Investors increased its position in shares of Dollar General by 11.3% in the 1st quarter. Capital International Investors now owns 20,790,023 shares of the company’s stock worth $3,244,491,000 after purchasing an additional 2,113,485 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Dollar General by 11.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,217,480 shares of the company’s stock valued at $3,155,141,000 after purchasing an additional 2,031,593 shares in the last quarter. Capital World Investors lifted its position in shares of Dollar General by 1.0% during the fourth quarter. Capital World Investors now owns 13,068,256 shares of the company’s stock worth $1,776,629,000 after purchasing an additional 133,591 shares during the last quarter. Finally, Pzena Investment Management LLC bought a new position in shares of Dollar General during the first quarter worth about $301,738,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Stock Performance

Shares of DG stock opened at $84.46 on Wednesday. The firm has a market cap of $18.57 billion, a P/E ratio of 12.29, a PEG ratio of 2.52 and a beta of 0.44. 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 Co. has a fifty-two week low of $77.96 and a fifty-two week high of $168.07. The stock’s 50-day moving average is $103.06 and its two-hundred day moving average is $126.18.

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

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.79%. The ex-dividend date is Tuesday, October 8th. Dollar General’s payout ratio is presently 34.35%.

Insider Buying and Selling

In related news, Director Warren F. Bryant bought 500 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were bought at an average cost of $80.40 per share, for a total transaction of $40,200.00. Following the completion of the acquisition, the director now directly owns 41,030 shares in the company, valued at $3,298,812. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Warren F. Bryant acquired 500 shares of the stock in a transaction dated Thursday, September 5th. The shares were acquired at an average price of $80.40 per share, for a total transaction of $40,200.00. Following the completion of the purchase, the director now owns 41,030 shares in the company, valued at approximately $3,298,812. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Steven R. Deckard sold 2,010 shares of the business’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 in the company, valued at approximately $250,187.42. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on DG shares. Gordon Haskett lowered Dollar General from a “buy” rating to a “hold” rating and set a $90.00 price objective for the company. in a report on Friday, August 30th. Oppenheimer reiterated a “market perform” rating on shares of Dollar General in a report on Monday, August 26th. Raymond James reduced their price objective on Dollar General from $150.00 to $120.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. UBS Group lowered their target price on shares of Dollar General from $155.00 to $108.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Finally, The Goldman Sachs Group lowered their price objective on shares of Dollar General from $169.00 to $122.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $109.48.

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.