Mitsubishi UFJ Trust & Banking Corp reduced its position in Dollar General Corp. (NYSE:DG) by 60.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 229,029 shares of the company’s stock after selling 348,547 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.09% of Dollar General worth $25,033,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of DG. SRS Capital Advisors Inc. bought a new position in shares of Dollar General in the 3rd quarter worth $107,000. HighPoint Advisor Group LLC bought a new position in shares of Dollar General in the 3rd quarter worth $173,000. Financial Counselors Inc. bought a new position in shares of Dollar General in the 3rd quarter worth $201,000. Synovus Financial Corp lifted its holdings in shares of Dollar General by 73.2% in the 3rd quarter. Synovus Financial Corp now owns 1,826 shares of the company’s stock worth $201,000 after purchasing an additional 772 shares in the last quarter. Finally, Gratus Capital LLC bought a new position in shares of Dollar General in the 3rd quarter worth $202,000. Institutional investors own 95.91% of the company’s stock.
In other news, EVP Robert D. Ravener sold 22,440 shares of the firm’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $111.49, for a total transaction of $2,501,835.60. Following the completion of the sale, the executive vice president now directly owns 50,747 shares of the company’s stock, valued at approximately $5,657,783.03. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.41% of the company’s stock.
A number of brokerages recently issued reports on DG. Zacks Investment Research cut Dollar General from a “buy” rating to a “hold” rating in a report on Wednesday. Credit Suisse Group set a $108.00 price objective on Dollar General and gave the company a “hold” rating in a research note on Monday. Deutsche Bank raised their price objective on Dollar General from $123.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, August 31st. MKM Partners raised their price objective on Dollar General to $117.00 and gave the company a “buy” rating in a research note on Tuesday, August 28th. Finally, Guggenheim restated a “buy” rating and set a $115.00 price objective on shares of Dollar General in a research note on Monday, August 20th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Dollar General has an average rating of “Buy” and an average price target of $107.26.
Shares of NYSE:DG opened at $110.89 on Friday. The company has a current ratio of 1.55, a quick ratio of 0.21 and a debt-to-equity ratio of 0.44. Dollar General Corp. has a 1-year low of $85.54 and a 1-year high of $118.45. The firm has a market cap of $29.30 billion, a price-to-earnings ratio of 24.70, a P/E/G ratio of 1.33 and a beta of 0.82.
Dollar General (NYSE:DG) last announced its earnings results on Thursday, August 30th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.03. Dollar General had a return on equity of 23.51% and a net margin of 7.06%. The firm had revenue of $6.44 billion during the quarter, compared to analyst estimates of $6.38 billion. During the same period last year, the firm posted $1.10 EPS. The business’s revenue was up 10.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Dollar General Corp. will post 6.1 earnings per share for the current year.
Dollar General Profile
Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, Midwestern, and eastern United States. The company offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food comprising cereals, canned soups and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.
Further Reading: Balanced Fund
Want to see what other hedge funds are holding DG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dollar General Corp. (NYSE:DG).
Receive News & Ratings for Dollar General Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar General and related companies with MarketBeat.com's FREE daily email newsletter.