Empire Life Investments Inc. trimmed its position in Dollar General Corp. (NYSE:DG) by 10.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 56,260 shares of the company’s stock after selling 6,391 shares during the quarter. Empire Life Investments Inc.’s holdings in Dollar General were worth $5,233,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of DG. Cerebellum GP LLC bought a new position in Dollar General in the 4th quarter valued at about $130,000. Calton & Associates Inc. acquired a new stake in shares of Dollar General during the 4th quarter worth approximately $144,000. Fieldpoint Private Securities LLC acquired a new stake in shares of Dollar General during the 3rd quarter worth approximately $195,000. Premia Global Advisors LLC acquired a new stake in shares of Dollar General during the 4th quarter worth approximately $195,000. Finally, Benjamin F. Edwards & Company Inc. boosted its position in Dollar General by 104.9% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,153 shares of the company’s stock valued at $200,000 after buying an additional 1,102 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors.
Dollar General Corp. (NYSE DG) opened at $86.94 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.41 and a quick ratio of 0.19. Dollar General Corp. has a 1-year low of $65.97 and a 1-year high of $105.82. The company has a market cap of $23,609.74, a price-to-earnings ratio of 18.90, a price-to-earnings-growth ratio of 1.35 and a beta of 1.05.
DG has been the subject of a number of analyst reports. Raymond James Financial set a $107.00 target price on shares of Dollar General and gave the stock a “buy” rating in a research note on Saturday, December 9th. UBS Group reiterated a “buy” rating and set a $99.00 price objective (up from $85.00) on shares of Dollar General in a report on Monday, December 4th. MKM Partners boosted their price target on shares of Dollar General to $96.00 and gave the stock a “buy” rating in a report on Monday, November 20th. Deutsche Bank upgraded shares of Dollar General from a “hold” rating to a “buy” rating and boosted their price target for the stock from $79.00 to $93.00 in a report on Wednesday, November 15th. Finally, Zacks Investment Research upgraded shares of Dollar General from a “hold” rating to a “buy” rating and set a $94.00 target price on the stock in a research note on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. Dollar General presently has a consensus rating of “Buy” and an average target price of $92.26.
In other news, EVP Robert D. Ravener sold 11,368 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $92.81, for a total transaction of $1,055,064.08. Following the sale, the executive vice president now owns 22,598 shares of the company’s stock, valued at approximately $2,097,320.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Anita C. Elliott sold 2,012 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $92.82, for a total transaction of $186,753.84. Following the sale, the senior vice president now directly owns 14,969 shares in the company, valued at approximately $1,389,422.58. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,916 shares of company stock valued at $1,924,881. 0.32% of the stock is owned by company insiders.
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About Dollar General
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.
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