Rockefeller Capital Management L.P. Decreases Stake in Dollar General Co. (NYSE:DG)

Rockefeller Capital Management L.P. cut its stake in shares of Dollar General Co. (NYSE:DG - Free Report) by 28.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,889 shares of the company's stock after selling 6,973 shares during the period. Rockefeller Capital Management L.P.'s holdings in Dollar General were worth $1,532,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Studio Investment Management LLC grew its holdings in Dollar General by 117.7% during the 2nd quarter. Studio Investment Management LLC now owns 283 shares of the company's stock worth $37,000 after acquiring an additional 153 shares during the last quarter. TruNorth Capital Management LLC acquired a new stake in Dollar General in the second quarter valued at $39,000. Quarry LP acquired a new position in Dollar General during the 2nd quarter worth about $46,000. Pathway Financial Advisers LLC grew its position 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 during the last quarter. Finally, Crewe Advisors LLC increased its stake in shares of Dollar General by 73.9% in the second quarter. Crewe Advisors LLC now owns 447 shares of the company's stock valued at $59,000 after buying an additional 190 shares during the period. 91.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Steven R. Deckard sold 2,010 shares of the company's 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Roderick J. West sold 2,510 shares of the business's stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $83.25, for a total transaction 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 represents a 21.50 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on DG shares. Wells Fargo & Company lowered their target price on shares of Dollar General from $90.00 to $80.00 and set an "equal weight" rating for the company in a research note on Thursday. Raymond James cut their target price on Dollar General from $150.00 to $120.00 and set an "outperform" rating on the stock in a research report on Friday, August 30th. Loop Capital lowered their target price on Dollar General from $130.00 to $90.00 and set a "hold" rating for the company in a report on Friday, August 30th. Daiwa America cut Dollar General from a "moderate buy" rating to a "hold" rating in a report on Wednesday, September 4th. Finally, The Goldman Sachs Group lowered their price objective on shares of Dollar General from $122.00 to $104.00 and set a "buy" rating for the company in a research note on Friday. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Dollar General presently has a consensus rating of "Hold" and an average target price of $98.27.

Dollar General Stock Performance

NYSE:DG traded up $1.99 during trading hours on Friday, reaching $81.59. The stock had a trading volume of 6,926,885 shares, compared to its average volume of 3,770,983. The stock has a market cap of $17.94 billion, a P/E ratio of 13.44, a price-to-earnings-growth ratio of 2.33 and a beta of 0.44. The stock has a 50 day simple moving average of $79.52 and a 200 day simple moving average of $103.33. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 1.22. Dollar General Co. has a 12-month low of $72.12 and a 12-month high of $168.07.

Dollar General (NYSE:DG - Get Free Report) last posted its quarterly earnings results on Thursday, December 5th. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.08). Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The business had revenue of $10.18 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period last year, the firm earned $1.26 EPS. The business's revenue for the quarter was up 5.0% on a year-over-year basis. On average, research analysts forecast that Dollar General Co. will post 5.78 EPS for the current fiscal year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th will be paid a dividend of $0.59 per share. The ex-dividend date is Tuesday, January 7th. This represents a $2.36 annualized dividend and a yield of 2.89%. Dollar General's dividend payout ratio is currently 38.88%.

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.