Cwm LLC Trims Stock Position in Dollar General Co. (NYSE:DG)

Cwm LLC lowered its position in shares of Dollar General Co. (NYSE:DG) by 30.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,444 shares of the company’s stock after selling 3,743 shares during the period. Cwm LLC’s holdings in Dollar General were worth $714,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Capital International Investors grew its stake in Dollar General by 11.3% during the first quarter. Capital International Investors now owns 20,790,023 shares of the company’s stock valued at $3,244,491,000 after acquiring an additional 2,113,485 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Dollar General by 11.2% during the first 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 acquiring an additional 2,031,593 shares in the last quarter. Pzena Investment Management LLC purchased a new position in Dollar General in the 1st quarter worth approximately $301,738,000. Point72 Asset Management L.P. grew its stake in Dollar General by 148.6% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,280,020 shares of the company’s stock worth $169,257,000 after buying an additional 765,206 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in Dollar General by 319.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 925,083 shares of the company’s stock worth $122,324,000 after buying an additional 704,639 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Stock Performance

DG stock opened at $80.60 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 0.24. The business has a 50-day moving average price of $93.38 and a 200 day moving average price of $120.07. The company has a market capitalization of $17.72 billion, a P/E ratio of 11.73, a PEG ratio of 2.42 and a beta of 0.44. Dollar General Co. has a 1-year low of $77.96 and a 1-year high of $168.07.

Dollar General (NYSE:DG) last announced its earnings results 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 the consensus estimate of $10.37 billion. Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.13 earnings per share. As a group, equities research analysts forecast that Dollar General Co. will post 5.86 EPS for the current fiscal year.

Dollar General Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have commented on DG. Bank of America cut their price target on shares of Dollar General from $118.00 to $95.00 and set an “underperform” rating for the company in a research note on Friday, August 30th. Telsey Advisory Group cut shares of Dollar General from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $168.00 to $103.00 in a research note on Friday, August 30th. The Goldman Sachs Group cut their price target on shares of Dollar General from $169.00 to $122.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Melius Research began coverage on shares of Dollar General in a research note on Monday, September 23rd. They issued a “hold” rating and a $85.00 price objective for the company. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Dollar General in a research note on Monday, August 26th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $108.11.

Insider Transactions at Dollar General

In related news, EVP Roderick J. West sold 2,510 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $83.25, for a total value of $208,957.50. Following the sale, the executive vice president now owns 9,163 shares in the company, valued at $762,819.75. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Roderick J. West sold 2,510 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $83.25, for a total value of $208,957.50. Following the sale, the executive vice president now owns 9,163 shares in the company, valued at $762,819.75. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Steven R. Deckard sold 2,010 shares of the company’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 value of $174,186.60. Following the completion of the sale, the executive vice president now owns 2,887 shares in the company, valued at approximately $250,187.42. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Dollar General 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.