Wellington Management Group LLP Has $2.63 Million Position in Dollar General Co. (NYSE:DG)

Wellington Management Group LLP lessened its holdings in shares of Dollar General Co. (NYSE:DG - Free Report) by 40.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,097 shares of the company's stock after selling 21,411 shares during the period. Wellington Management Group LLP's holdings in Dollar General were worth $2,630,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Pzena Investment Management LLC grew its holdings in shares of Dollar General by 453.4% during the third quarter. Pzena Investment Management LLC now owns 10,238,886 shares of the company's stock worth $865,903,000 after purchasing an additional 8,388,735 shares during the last quarter. Baupost Group LLC MA purchased a new position in Dollar General during the 3rd quarter worth approximately $194,832,000. Point72 Asset Management L.P. increased its position in Dollar General by 148.6% during the second quarter. Point72 Asset Management L.P. now owns 1,280,020 shares of the company's stock worth $169,257,000 after buying an additional 765,206 shares during the period. State Street Corp boosted its holdings in shares of Dollar General by 8.3% in the third quarter. State Street Corp now owns 9,958,704 shares of the company's stock valued at $842,208,000 after acquiring an additional 759,869 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Dollar General by 319.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 925,083 shares of the company's stock valued at $122,324,000 after acquiring an additional 704,639 shares during the period. Hedge funds and other institutional investors own 91.77% of the company's stock.

Analyst Upgrades and Downgrades

DG has been the topic of a number of recent research reports. Raymond James dropped their target price on Dollar General from $150.00 to $120.00 and set an "outperform" rating on the stock in a report on Friday, August 30th. Loop Capital lowered their target price on shares of Dollar General from $130.00 to $90.00 and set a "hold" rating on the stock in a report on Friday, August 30th. Bank of America raised shares of Dollar General from an "underperform" rating to a "buy" rating and set a $95.00 price target for the company in a report on Friday, December 6th. JPMorgan Chase & Co. lowered their price objective on Dollar General from $97.00 to $82.00 and set a "neutral" rating on the stock in a report on Tuesday, November 5th. Finally, Sanford C. Bernstein initiated coverage on Dollar General in a research note on Tuesday, October 22nd. They issued an "outperform" rating and a $98.00 price target on the stock. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $98.27.

Dollar General Stock Down 0.1 %

Shares of DG traded down $0.06 during mid-day trading on Wednesday, reaching $75.94. 4,536,348 shares of the stock traded hands, compared to its average volume of 3,293,948. The stock has a fifty day simple moving average of $78.68 and a 200 day simple moving average of $100.16. Dollar General Co. has a 12-month low of $72.12 and a 12-month high of $168.07. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. The firm has a market cap of $16.70 billion, a price-to-earnings ratio of 12.51, a P/E/G ratio of 2.37 and a beta of 0.44.

Dollar General (NYSE:DG - Get Free Report) last posted 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 net margin of 3.33% and a return on equity of 18.85%. The company had revenue of $10.18 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same period in the prior year, the company earned $1.26 earnings per share. The company's revenue was up 5.0% on a year-over-year basis. Sell-side analysts expect that Dollar General Co. will post 5.77 EPS for the current fiscal year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th will be given a $0.59 dividend. The ex-dividend date is Tuesday, January 7th. This represents a $2.36 annualized dividend and a yield of 3.11%. Dollar General's dividend payout ratio is presently 38.88%.

Insider Activity at Dollar General

In other Dollar General news, EVP Emily C. Taylor sold 4,740 shares of the firm's stock in a transaction dated 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 directly owns 15,575 shares in the company, valued at approximately $1,206,128. This trade represents a 23.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.49% of the stock is currently owned by insiders.

About Dollar General

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.