Natixis Advisors LLC Sells 33,919 Shares of Dollar General Co. (NYSE:DG)

Natixis Advisors LLC trimmed its position in shares of Dollar General Co. (NYSE:DG - Free Report) by 13.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 214,425 shares of the company's stock after selling 33,919 shares during the period. Natixis Advisors LLC owned 0.10% of Dollar General worth $18,134,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of DG. Empowered Funds LLC increased its stake in shares of Dollar General by 53.9% in the third quarter. Empowered Funds LLC now owns 29,150 shares of the company's stock worth $2,465,000 after purchasing an additional 10,213 shares in the last quarter. Empirical Finance LLC grew its stake in Dollar General by 2.0% in the 3rd quarter. Empirical Finance LLC now owns 7,768 shares of the company's stock valued at $657,000 after buying an additional 153 shares in the last quarter. CIBC Asset Management Inc raised its holdings in Dollar General by 6.3% during the 3rd quarter. CIBC Asset Management Inc now owns 34,078 shares of the company's stock valued at $2,882,000 after acquiring an additional 2,029 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Dollar General by 16.7% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,921 shares of the company's stock worth $670,000 after acquiring an additional 1,131 shares in the last quarter. Finally, Metis Global Partners LLC boosted its holdings in shares of Dollar General by 2.0% in the third quarter. Metis Global Partners LLC now owns 7,042 shares of the company's stock worth $596,000 after acquiring an additional 135 shares during the period. 91.77% of the stock is owned by hedge funds and other institutional investors.

Dollar General Trading Down 4.4 %

Shares of NYSE:DG traded down $3.40 during trading on Wednesday, reaching $73.10. 4,698,619 shares of the company traded hands, compared to its average volume of 3,202,000. 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 52-week low of $72.12 and a 52-week high of $168.07. The firm has a market capitalization of $16.08 billion, a price-to-earnings ratio of 11.88, a P/E/G ratio of 2.22 and a beta of 0.45. The business's fifty day moving average is $81.69 and its 200-day moving average is $109.14.

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 the consensus estimate of $1.79 by ($0.09). The firm had revenue of $10.21 billion for the quarter, compared to analysts' expectations of $10.37 billion. Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The company's quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.13 EPS. As a group, analysts forecast that Dollar General Co. will post 5.86 EPS for the current year.

Dollar General Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend was Tuesday, October 8th. Dollar General's dividend payout ratio (DPR) is currently 36.65%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on DG shares. JPMorgan Chase & Co. decreased their price objective on Dollar General from $97.00 to $82.00 and set a "neutral" rating on the stock in a research note on Tuesday, November 5th. Citigroup downgraded shares of Dollar General from a "neutral" rating to a "sell" rating and lowered their price target for the stock from $91.00 to $73.00 in a report on Friday, September 27th. Daiwa America cut shares of Dollar General from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, September 4th. Raymond James lowered their target price on shares of Dollar General from $150.00 to $120.00 and set an "outperform" rating on the stock in a research note on Friday, August 30th. Finally, Sanford C. Bernstein initiated coverage on shares of Dollar General in a research report on Tuesday, October 22nd. They set an "outperform" rating and a $98.00 price target for the company. Two equities 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 data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $104.00.

Insider Activity

In other news, EVP Roderick J. West sold 2,510 shares of the stock in a transaction that occurred 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 completion of the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.49% of the company's stock.

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.