Capital World Investors Has $355.19 Million Holdings in Dollar General Co. (NYSE:DG)

Capital World Investors trimmed its position in Dollar General Co. (NYSE:DG - Free Report) by 48.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,684,704 shares of the company's stock after selling 4,373,220 shares during the period. Capital World Investors owned 2.13% of Dollar General worth $355,194,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DG. Vanguard Group Inc. increased its holdings in shares of Dollar General by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 25,231,285 shares of the company's stock worth $1,913,036,000 after acquiring an additional 160,853 shares during the period. Pzena Investment Management LLC raised its holdings in shares of Dollar General by 14.9% during the fourth quarter. Pzena Investment Management LLC now owns 11,767,336 shares of the company's stock valued at $892,199,000 after buying an additional 1,528,450 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Dollar General by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 5,361,216 shares of the company's stock worth $405,425,000 after buying an additional 118,204 shares during the period. First Eagle Investment Management LLC acquired a new stake in Dollar General in the 4th quarter valued at approximately $399,433,000. Finally, ACR Alpine Capital Research LLC raised its stake in Dollar General by 8,426.1% during the 4th quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company's stock valued at $306,424,000 after acquiring an additional 3,994,070 shares in the last quarter. 91.77% of the stock is owned by institutional investors.

Insider Transactions at Dollar General

In other news, EVP Emily C. Taylor sold 809 shares of the firm's stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $94.72, for a total transaction of $76,628.48. Following the completion of the transaction, the executive vice president now directly owns 48,532 shares of the company's stock, valued at approximately $4,596,951.04. This trade represents a 1.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.56% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on DG shares. Morgan Stanley cut their price objective on shares of Dollar General from $100.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 21st. Melius Research raised shares of Dollar General from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Telsey Advisory Group reissued a "market perform" rating and set a $85.00 target price on shares of Dollar General in a report on Thursday, March 13th. Barclays decreased their price target on Dollar General from $102.00 to $100.00 and set an "overweight" rating for the company in a research note on Thursday, January 9th. Finally, The Goldman Sachs Group cut their price objective on Dollar General from $104.00 to $93.00 and set a "buy" rating for the company in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $94.75.

Dollar General Stock Performance

Shares of NYSE DG traded down $0.17 during trading hours on Friday, hitting $93.64. 3,039,722 shares of the stock were exchanged, compared to its average volume of 3,907,075. Dollar General Co. has a one year low of $66.43 and a one year high of $147.87. 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 firm has a market capitalization of $20.60 billion, a P/E ratio of 15.43, a P/E/G ratio of 2.18 and a beta of 0.40. The company's 50 day moving average is $83.91 and its 200 day moving average is $78.82.

Dollar General (NYSE:DG - Get Free Report) last issued its quarterly earnings results on Thursday, March 13th. The company reported $1.68 earnings per share for the quarter, beating analysts' consensus estimates of $1.51 by $0.17. The firm had revenue of $10.30 billion during the quarter, compared to the consensus estimate of $10.26 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The business's revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.83 EPS. On average, research analysts expect that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th were given a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.52%. Dollar General's dividend payout ratio is currently 46.18%.

Dollar General Company 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.