State of Alaska Department of Revenue Cuts Stock Position in Dollar General Co. (NYSE:DG)

State of Alaska Department of Revenue reduced its holdings in Dollar General Co. (NYSE:DG - Free Report) by 9.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,080 shares of the company's stock after selling 4,221 shares during the period. State of Alaska Department of Revenue's holdings in Dollar General were worth $3,038,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in Dollar General in the third quarter valued at approximately $33,000. ORG Wealth Partners LLC purchased a new position in Dollar General in the 3rd quarter valued at $57,000. Studio Investment Management LLC boosted its position in shares of Dollar General by 200.4% during the 3rd quarter. Studio Investment Management LLC now owns 850 shares of the company's stock worth $72,000 after purchasing an additional 567 shares in the last quarter. Bruce G. Allen Investments LLC raised its stake in shares of Dollar General by 20.3% during the 4th quarter. Bruce G. Allen Investments LLC now owns 953 shares of the company's stock worth $72,000 after buying an additional 161 shares during the last quarter. Finally, Peoples Bank KS raised its stake in shares of Dollar General by 19.1% during the 4th quarter. Peoples Bank KS now owns 1,435 shares of the company's stock worth $109,000 after buying an additional 230 shares during the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dollar General

In other news, Director Michael M. Calbert sold 6,000 shares of the firm's stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total value of $451,620.00. Following the completion of the sale, the director now directly owns 120,322 shares of the company's stock, valued at $9,056,636.94. This trade represents a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Emily C. Taylor sold 4,740 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $77.44, for a total value of $367,065.60. Following the completion of the sale, the executive vice president now directly owns 15,575 shares of the company's stock, valued at approximately $1,206,128. The trade was a 23.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company's stock.

Dollar General Trading Down 1.3 %

Shares of DG traded down $0.95 during trading hours on Thursday, hitting $72.87. 2,800,444 shares of the stock traded hands, compared to its average volume of 3,380,876. Dollar General Co. has a 1-year low of $66.43 and a 1-year high of $168.07. The business has a fifty day moving average of $74.03 and a 200-day moving average of $84.94. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $16.03 billion, a PE ratio of 12.00, a price-to-earnings-growth ratio of 2.08 and a beta of 0.43.

Dollar General (NYSE:DG - Get Free Report) last posted its quarterly earnings data on Thursday, December 5th. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.97 by ($0.08). The firm had revenue of $10.18 billion for the quarter, compared to the consensus estimate of $10.14 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The firm's quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.26 earnings per share. Analysts expect that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, January 7th. This represents a $2.36 dividend on an annualized basis and a yield of 3.24%. Dollar General's dividend payout ratio is 38.88%.

Analysts Set New Price Targets

Several brokerages recently weighed in on DG. JPMorgan Chase & Co. cut their target price on shares of Dollar General from $97.00 to $82.00 and set a "neutral" rating for the company in a research note on Tuesday, November 5th. HSBC cut their target price on Dollar General from $100.00 to $88.00 and set a "hold" rating on the stock in a research report on Friday, November 15th. Jefferies Financial Group dropped their price target on Dollar General from $110.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, November 15th. Morgan Stanley dropped their target price on Dollar General from $100.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 21st. Finally, Bernstein Bank dropped their target price on Dollar General from $98.00 to $94.00 in a research report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Dollar General currently has an average rating of "Hold" and an average target price of $96.77.

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.