LMR Partners LLP Makes New $12.18 Million Investment in Dollar General Co. (NYSE:DG)

LMR Partners LLP acquired a new position in Dollar General Co. (NYSE:DG - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 144,000 shares of the company's stock, valued at approximately $12,178,000. LMR Partners LLP owned about 0.07% of Dollar General at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of DG. Industrial Alliance Investment Management Inc. raised its stake in Dollar General by 3.5% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 2,390 shares of the company's stock valued at $373,000 after purchasing an additional 80 shares during the last quarter. Pullen Investment Management LLC raised its stake in Dollar General by 4.3% during the 2nd quarter. Pullen Investment Management LLC now owns 2,105 shares of the company's stock valued at $278,000 after purchasing an additional 87 shares during the last quarter. Pathway Financial Advisers LLC raised its stake in shares of Dollar General by 30.6% in the 2nd quarter. Pathway Financial Advisers LLC now owns 376 shares of the company's stock valued at $50,000 after buying an additional 88 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. raised its stake in shares of Dollar General by 3.8% in the 2nd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 2,835 shares of the company's stock valued at $375,000 after buying an additional 103 shares in the last quarter. Finally, Wedbush Securities Inc. raised its stake in shares of Dollar General by 7.3% in the 2nd quarter. Wedbush Securities Inc. now owns 1,661 shares of the company's stock valued at $220,000 after buying an additional 113 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Roderick J. West sold 2,510 shares of the firm's stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 9,163 shares of the company's stock, valued at approximately $762,819.75. This trade represents a 21.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Warren F. Bryant bought 500 shares of the firm's stock in a transaction that occurred on Thursday, September 5th. The stock was purchased at an average cost of $80.40 per share, with a total value of $40,200.00. Following the completion of the purchase, the director now directly owns 41,030 shares of the company's stock, valued at $3,298,812. This represents a 1.23 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.49% of the company's stock.

Dollar General Trading Up 1.1 %

Shares of NYSE:DG traded up $0.81 during mid-day trading on Monday, reaching $76.69. The stock had a trading volume of 2,322,905 shares, compared to its average volume of 3,195,846. The firm has a market cap of $16.86 billion, a PE ratio of 12.04, a price-to-earnings-growth ratio of 2.22 and a beta of 0.45. The firm has a 50 day simple moving average of $81.85 and a two-hundred day simple moving average of $109.99. The company has a current ratio of 1.22, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86. 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 announced its quarterly earnings results on Thursday, August 29th. The company reported $1.70 earnings per share for the quarter, missing analysts' consensus estimates of $1.79 by ($0.09). The firm had revenue of $10.21 billion during the quarter, compared to analyst estimates of $10.37 billion. Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The business's revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.13 earnings per share. On average, research analysts predict that Dollar General Co. will post 5.86 EPS for the current fiscal year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th were issued a dividend of $0.59 per share. The ex-dividend date was Tuesday, October 8th. This represents a $2.36 annualized dividend and a yield of 3.08%. Dollar General's dividend payout ratio (DPR) is currently 36.65%.

Analysts Set New Price Targets

DG has been the subject of a number of recent research reports. Truist Financial dropped their price objective on shares of Dollar General from $135.00 to $130.00 and set a "hold" rating for the company in a research note on Monday, August 26th. 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. Morgan Stanley lowered shares of Dollar General from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $170.00 to $100.00 in a report on Friday, August 30th. The Goldman Sachs Group lowered their target price on shares of Dollar General from $169.00 to $122.00 and set a "buy" rating on the stock in a report on Friday, August 30th. Finally, Bernstein Bank lowered their target price on shares of Dollar General from $98.00 to $94.00 in a report on Friday. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Dollar General currently has an average rating of "Hold" and a consensus price target of $104.00.

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.