Primecap Management Co. CA Has $2.45 Million Stock Position in Dollar General Co. (NYSE:DG)

Primecap Management Co. CA lessened its holdings in shares of Dollar General Co. (NYSE:DG - Free Report) by 71.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 32,350 shares of the company's stock after selling 82,000 shares during the quarter. Primecap Management Co. CA's holdings in Dollar General were worth $2,453,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of DG. Pzena Investment Management LLC increased its stake 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 acquiring an additional 1,528,450 shares during the period. State Street Corp increased its position in shares of Dollar General by 8.3% during the 3rd quarter. State Street Corp now owns 9,958,704 shares of the company's stock valued at $842,208,000 after purchasing an additional 759,869 shares during the period. First Eagle Investment Management LLC bought a new stake in shares of Dollar General in the 4th quarter worth $399,433,000. Geode Capital Management LLC lifted its holdings in shares of Dollar General by 3.6% in the third quarter. Geode Capital Management LLC now owns 5,243,012 shares of the company's stock valued at $441,899,000 after buying an additional 182,300 shares during the period. Finally, ACR Alpine Capital Research LLC grew 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 acquiring an additional 3,994,070 shares during the period. Institutional investors own 91.77% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on DG shares. Wells Fargo & Company cut their price target on shares of Dollar General from $90.00 to $80.00 and set an "equal weight" rating for the company in a report on Thursday, December 5th. Bank of America cut their target price on shares of Dollar General from $95.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, March 14th. UBS Group decreased their price target on shares of Dollar General from $108.00 to $95.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th. Telsey Advisory Group reiterated a "market perform" rating and set a $85.00 price objective on shares of Dollar General in a research report on Thursday, March 13th. Finally, Evercore ISI cut their target price on Dollar General from $97.00 to $95.00 and set an "in-line" rating on the stock in a research report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $92.26.

Insider Transactions at Dollar General

In other news, Director Michael M. Calbert sold 6,000 shares of Dollar General stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total value of $451,620.00. Following the transaction, the director now directly owns 120,322 shares in the company, valued at approximately $9,056,636.94. The trade was a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.49% of the stock is currently owned by corporate insiders.

Dollar General Stock Down 0.6 %

Shares of NYSE:DG traded down $0.50 during midday trading on Monday, hitting $83.16. 4,697,945 shares of the stock were exchanged, compared to its average volume of 3,543,253. The business's fifty day simple moving average is $74.58 and its two-hundred day simple moving average is $77.70. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. Dollar General Co. has a 52-week low of $66.43 and a 52-week high of $164.12. The company has a market capitalization of $18.29 billion, a PE ratio of 13.70, a P/E/G ratio of 2.18 and a beta of 0.44.

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

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be given a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.84%. 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.