Korea Investment CORP Cuts Stock Position in Dollar General Co. (NYSE:DG)

Korea Investment CORP reduced its stake in Dollar General Co. (NYSE:DG - Free Report) by 15.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 110,356 shares of the company's stock after selling 19,955 shares during the quarter. Korea Investment CORP owned 0.05% of Dollar General worth $8,367,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Deseret Mutual Benefit Administrators raised its holdings in shares of Dollar General by 8.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,884 shares of the company's stock valued at $143,000 after buying an additional 150 shares during the period. Bruce G. Allen Investments LLC boosted its stake in shares of Dollar General by 20.3% in the fourth quarter. Bruce G. Allen Investments LLC now owns 953 shares of the company's stock valued at $72,000 after purchasing an additional 161 shares during the period. Peoples Bank KS grew its holdings in shares of Dollar General by 19.1% in the fourth quarter. Peoples Bank KS now owns 1,435 shares of the company's stock valued at $109,000 after purchasing an additional 230 shares in the last quarter. Metis Global Partners LLC boosted its position in Dollar General by 3.6% in the 4th quarter. Metis Global Partners LLC now owns 7,297 shares of the company's stock valued at $553,000 after buying an additional 255 shares during the period. Finally, Venturi Wealth Management LLC increased its position in shares of Dollar General by 126.4% during the fourth quarter. Venturi Wealth Management LLC now owns 498 shares of the company's stock worth $38,000 after acquiring an additional 278 shares during the period. Hedge funds and other institutional investors own 91.77% of the company's stock.

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Wall Street Analyst Weigh In

DG has been the topic of a number of recent research reports. Gordon Haskett lowered shares of Dollar General from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Wells Fargo & Company cut their target price on Dollar General from $90.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Thursday, December 5th. Morgan Stanley lowered their price target on Dollar General from $100.00 to $80.00 and set an "equal weight" rating for the company in a report on Tuesday, January 21st. Evercore ISI cut their price objective on shares of Dollar General from $97.00 to $95.00 and set an "in-line" rating on the stock in a report on Tuesday, December 3rd. Finally, BMO Capital Markets upped their target price on shares of Dollar General from $80.00 to $84.00 and gave the company a "market perform" rating in a report on Friday, December 6th. One 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. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $92.26.

Dollar General Price Performance

NYSE:DG traded up $2.59 during trading hours on Wednesday, reaching $90.19. 4,948,616 shares of the company traded hands, compared to its average volume of 3,684,163. The stock has a market cap of $19.84 billion, a P/E ratio of 14.86, a P/E/G ratio of 2.18 and a beta of 0.44. The firm's 50-day moving average is $76.83 and its 200-day moving average is $77.88. Dollar General Co. has a 1-year low of $66.43 and a 1-year high of $164.12. 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 data 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. The business had revenue of $10.30 billion for 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 company's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.83 earnings per share. Equities research analysts expect 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 paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Tuesday, April 8th. Dollar General's dividend payout ratio is currently 46.18%.

Dollar General 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.