ING Groep NV Has $1.64 Million Stock Position in Dollar General Co. (NYSE:DG)

ING Groep NV lowered its position in shares of Dollar General Co. (NYSE:DG - Free Report) by 34.3% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 19,409 shares of the company's stock after selling 10,150 shares during the quarter. ING Groep NV's holdings in Dollar General were worth $1,641,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. increased its stake in shares of Dollar General by 85.7% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 58,107 shares of the company's stock valued at $7,683,000 after purchasing an additional 26,813 shares in the last quarter. 1834 Investment Advisors Co. purchased a new position in shares of Dollar General in the 3rd quarter valued at about $5,650,000. Lecap Asset Management Ltd. increased its stake in shares of Dollar General by 231.6% in the 3rd quarter. Lecap Asset Management Ltd. now owns 37,462 shares of the company's stock valued at $3,168,000 after purchasing an additional 26,165 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of Dollar General by 278.1% in the 1st quarter. Cetera Investment Advisers now owns 64,628 shares of the company's stock valued at $10,086,000 after purchasing an additional 47,534 shares in the last quarter. Finally, Kiltearn Partners LLP purchased a new position in shares of Dollar General in the 2nd quarter valued at about $9,587,000. Institutional investors and hedge funds own 91.77% of the company's stock.

Insider Buying and Selling

In other news, EVP Steven R. Deckard sold 2,010 shares of the company's stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total transaction of $174,186.60. Following the completion of the sale, the executive vice president now directly owns 2,887 shares in the company, valued at approximately $250,187.42. This represents a 41.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Roderick J. West sold 2,510 shares of the company's stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $83.25, for a total value of $208,957.50. Following the sale, the executive vice president now owns 9,163 shares of the company's stock, valued at approximately $762,819.75. This represents a 21.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by insiders.

Analyst Ratings Changes

DG has been the topic of a number of recent analyst reports. Bank of America decreased their price objective on Dollar General from $118.00 to $95.00 and set an "underperform" rating on the stock in a report on Friday, August 30th. The Goldman Sachs Group reduced their price target on shares of Dollar General from $169.00 to $122.00 and set a "buy" rating for the company in a research report on Friday, August 30th. Evercore ISI dropped their price objective on shares of Dollar General from $101.00 to $97.00 and set a "hold" rating for the company in a research note on Friday. Wells Fargo & Company dropped their price objective on shares of Dollar General from $145.00 to $130.00 and set an "equal weight" rating for the company in a research note on Tuesday, August 27th. Finally, Barclays dropped their price objective on shares of Dollar General from $154.00 to $102.00 and set an "overweight" rating for the company in a research note on Tuesday, September 3rd. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $104.00.

Dollar General Trading Up 1.6 %

DG stock traded up $1.21 during midday trading on Monday, reaching $77.09. The stock had a trading volume of 3,246,919 shares, compared to its average volume of 3,199,990. The business has a fifty day simple moving average of $81.85 and a two-hundred day simple moving average of $109.99. The company has a quick ratio of 0.24, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. The firm has a market cap of $16.95 billion, a price-to-earnings ratio of 12.04, a PEG ratio of 2.22 and a beta of 0.45. Dollar General Co. has a twelve month low of $73.51 and a twelve month high of $168.07.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings data on Thursday, August 29th. The company reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.09). Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The business had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $10.37 billion. During the same quarter last year, the firm earned $2.13 EPS. The company's revenue for the quarter was up 4.2% on a year-over-year basis. As a group, research analysts expect that Dollar General Co. will post 5.86 EPS for the current fiscal year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date of this dividend was Tuesday, October 8th. Dollar General's dividend payout ratio is currently 36.65%.

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.