Dollar General Co. (NYSE:DG) Shares Sold by iA Global Asset Management Inc.

iA Global Asset Management Inc. trimmed its position in shares of Dollar General Co. (NYSE:DG - Free Report) by 74.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,043 shares of the company's stock after selling 61,852 shares during the period. iA Global Asset Management Inc.'s holdings in Dollar General were worth $1,780,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of DG. Empirical Capital Management LLC purchased a new stake in Dollar General during the 3rd quarter valued at $3,045,000. Worldquant Millennium Advisors LLC purchased a new stake in Dollar General during the 3rd quarter valued at $32,932,000. Two Sigma Advisers LP purchased a new stake in Dollar General during the 3rd quarter valued at $29,819,000. State Street Corp raised its holdings in 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 buying an additional 759,869 shares during the period. Finally, Quadrature Capital Ltd grew its position in Dollar General by 79.9% in the 3rd quarter. Quadrature Capital Ltd now owns 177,331 shares of the company's stock valued at $14,997,000 after acquiring an additional 78,785 shares during the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Dollar General news, EVP Roderick J. West sold 2,510 shares of the firm's stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $83.25, for a total value of $208,957.50. Following the transaction, the executive vice president now directly owns 9,163 shares of the company's stock, valued at $762,819.75. This trade represents a 21.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Warren F. Bryant purchased 1,000 shares of Dollar General stock in a transaction dated Tuesday, September 10th. The shares were purchased at an average cost of $80.83 per share, for a total transaction of $80,830.00. Following the transaction, the director now owns 42,030 shares in the company, valued at approximately $3,397,284.90. This trade represents a 2.44 % increase in their position. The disclosure for this purchase can be found here. 0.49% of the stock is currently owned by insiders.

Dollar General Stock Performance

NYSE:DG traded down $0.76 during mid-day trading on Monday, hitting $80.83. The company's stock had a trading volume of 3,468,976 shares, compared to its average volume of 3,288,453. The business's fifty day moving average is $79.44 and its two-hundred day moving average is $102.92. The stock has a market cap of $17.78 billion, a price-to-earnings ratio of 13.32, a PEG ratio of 2.42 and a beta of 0.44. Dollar General Co. has a 1 year low of $72.12 and a 1 year high of $168.07. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings results on Thursday, December 5th. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.08). The company had revenue of $10.18 billion for the quarter, compared to analysts' expectations of $10.14 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The firm's revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.26 earnings per share. Analysts anticipate that Dollar General Co. will post 5.77 EPS for the current fiscal year.

Dollar General Announces Dividend

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 issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend is Tuesday, January 7th. Dollar General's payout ratio is 38.88%.

Analysts Set New Price Targets

DG has been the topic of several research analyst reports. Barclays cut their price objective on Dollar General from $154.00 to $102.00 and set an "overweight" rating on the stock in a research report on Tuesday, September 3rd. Oppenheimer reissued a "market perform" rating on shares of Dollar General in a research report on Monday, August 26th. UBS Group dropped their price target on Dollar General from $155.00 to $108.00 and set a "buy" rating on the stock in a research report on Friday, August 30th. HSBC dropped their price target on Dollar General from $100.00 to $88.00 and set a "hold" rating on the stock in a research report on Friday, November 15th. Finally, Citigroup downgraded Dollar General from a "neutral" rating to a "sell" rating and dropped their price target for the stock from $91.00 to $73.00 in a research report on Friday, September 27th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $98.27.

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.