Cornerstone Investment Partners LLC Purchases 92,063 Shares of Dollar General Co. (NYSE:DG)

Cornerstone Investment Partners LLC boosted its position in Dollar General Co. (NYSE:DG - Free Report) by 27.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 428,383 shares of the company's stock after purchasing an additional 92,063 shares during the period. Cornerstone Investment Partners LLC owned approximately 0.19% of Dollar General worth $32,480,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its stake in shares of Dollar General by 11.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,592,749 shares of the company's stock worth $120,762,000 after purchasing an additional 157,789 shares during the last quarter. ACR Alpine Capital Research LLC boosted its holdings in Dollar General by 8,426.1% during the fourth quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company's stock worth $306,424,000 after buying an additional 3,994,070 shares in the last quarter. LGT Fund Management Co Ltd. acquired a new position in Dollar General in the fourth quarter worth approximately $1,504,000. SBI Securities Co. Ltd. bought a new position in shares of Dollar General in the fourth quarter valued at $57,000. Finally, Jones Financial Companies Lllp boosted its stake in shares of Dollar General by 75.0% during the 4th quarter. Jones Financial Companies Lllp now owns 270,737 shares of the company's stock worth $20,527,000 after acquiring an additional 116,065 shares in the last quarter. 91.77% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Emily C. Taylor sold 4,740 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $77.44, for a total transaction of $367,065.60. Following the completion of the sale, the executive vice president now owns 15,575 shares in the company, valued at $1,206,128. This represents a 23.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael M. Calbert sold 6,000 shares of Dollar General stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total value of $451,620.00. Following the completion of the transaction, the director now directly owns 120,322 shares in the company, valued at approximately $9,056,636.94. This represents a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.49% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DG. Morgan Stanley cut their target price on Dollar General from $100.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 21st. Barclays cut their price objective on Dollar General from $102.00 to $100.00 and set an "overweight" rating on the stock in a report on Thursday, January 9th. Bernstein Bank decreased their target price on shares of Dollar General from $98.00 to $94.00 in a report on Friday, November 15th. JPMorgan Chase & Co. cut their price target on shares of Dollar General from $97.00 to $82.00 and set a "neutral" rating on the stock in a report on Tuesday, November 5th. Finally, Gordon Haskett cut shares of Dollar General from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $96.04.

Dollar General Stock Up 1.2 %

Shares of DG stock traded up $0.88 on Wednesday, hitting $73.80. The company's stock had a trading volume of 2,164,713 shares, compared to its average volume of 3,412,494. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. The stock has a market capitalization of $16.23 billion, a price-to-earnings ratio of 12.16, a P/E/G ratio of 2.18 and a beta of 0.44. Dollar General Co. has a fifty-two week low of $66.43 and a fifty-two week high of $168.07. The firm's fifty day moving average price is $73.22 and its 200-day moving average price is $80.27.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings results on Thursday, December 5th. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.08). Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The company had revenue of $10.18 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter last year, the company posted $1.26 EPS. The business's revenue was up 5.0% compared to the same quarter last year. Research analysts anticipate that Dollar General Co. will post 5.75 EPS 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. 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.