Dollar General Co. (NYSE:DG) Position Trimmed by Mizuho Markets Americas LLC

Mizuho Markets Americas LLC lessened its stake in shares of Dollar General Co. (NYSE:DG - Free Report) by 29.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 81,787 shares of the company's stock after selling 34,087 shares during the period. Mizuho Markets Americas LLC's holdings in Dollar General were worth $6,917,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Russell Investments Group Ltd. raised its position in shares of Dollar General by 24.7% during the 1st quarter. Russell Investments Group Ltd. now owns 87,921 shares of the company's stock valued at $13,720,000 after buying an additional 17,402 shares in the last quarter. Blair William & Co. IL raised its position in shares of Dollar General by 380.3% during the 1st quarter. Blair William & Co. IL now owns 20,302 shares of the company's stock valued at $3,168,000 after buying an additional 16,075 shares in the last quarter. Orion Portfolio Solutions LLC raised its position in shares of Dollar General by 40.4% during the 1st quarter. Orion Portfolio Solutions LLC now owns 27,623 shares of the company's stock valued at $4,311,000 after buying an additional 7,942 shares in the last quarter. Intech Investment Management LLC raised its position in shares of Dollar General by 4.5% during the 1st quarter. Intech Investment Management LLC now owns 11,719 shares of the company's stock valued at $1,829,000 after buying an additional 505 shares in the last quarter. Finally, TIAA Trust National Association raised its position in shares of Dollar General by 34.2% during the 1st quarter. TIAA Trust National Association now owns 125,170 shares of the company's stock valued at $19,534,000 after buying an additional 31,911 shares in the last quarter. Institutional investors own 91.77% of the company's stock.

Analyst Ratings Changes

DG has been the topic of several recent research reports. HSBC decreased their target price on shares of Dollar General from $100.00 to $88.00 and set a "hold" rating on the stock in a research report on Friday. Sanford C. Bernstein assumed coverage on shares of Dollar General in a research report on Tuesday, October 22nd. They set an "outperform" rating and a $98.00 target price on the stock. Loop Capital reduced their price objective on shares of Dollar General from $130.00 to $90.00 and set a "hold" rating on the stock in a research report on Friday, August 30th. JPMorgan Chase & Co. reduced their price objective on shares of Dollar General from $97.00 to $82.00 and set a "neutral" rating on the stock in a research report on Tuesday, November 5th. Finally, Bank of America reduced their price objective on shares of Dollar General from $118.00 to $95.00 and set an "underperform" rating on the stock in a research report on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $104.45.

Insider Buying and Selling

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

Dollar General Trading Down 1.5 %

Shares of Dollar General stock traded down $1.17 during mid-day trading on Friday, hitting $75.88. 3,704,309 shares of the stock were exchanged, compared to its average volume of 3,199,770. Dollar General Co. has a twelve month low of $73.51 and a twelve month high of $168.07. The stock has a market capitalization of $16.69 billion, a price-to-earnings ratio of 11.78, a price-to-earnings-growth ratio of 2.24 and a beta of 0.45. The company has a 50-day simple moving average of $81.85 and a 200 day simple moving average of $110.38. 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 (NYSE:DG - Get Free Report) last released its earnings results on Thursday, August 29th. The company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.09). Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The company had revenue of $10.21 billion during the quarter, compared to analyst estimates of $10.37 billion. During the same period in the prior year, the business posted $2.13 earnings per share. Dollar General's revenue was up 4.2% on a year-over-year basis. Research analysts forecast that Dollar General Co. will post 5.86 EPS for the current year.

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were given a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $2.36 annualized dividend and a dividend yield of 3.11%. Dollar General's dividend payout ratio is presently 36.65%.

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.