Tobam Sells 9,769 Shares of Dollar General Co. (NYSE:DG)

Tobam trimmed its stake in shares of Dollar General Co. (NYSE:DG - Free Report) by 16.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,346 shares of the company's stock after selling 9,769 shares during the period. Tobam's holdings in Dollar General were worth $3,666,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new stake in Dollar General in the 3rd quarter valued at approximately $33,000. ORG Wealth Partners LLC acquired a new position in shares of Dollar General during the 3rd quarter worth about $57,000. Bruce G. Allen Investments LLC grew its stake in Dollar General by 37.7% in the third quarter. Bruce G. Allen Investments LLC now owns 792 shares of the company's stock valued at $67,000 after purchasing an additional 217 shares in the last quarter. Studio Investment Management LLC boosted its stake 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 acquiring an additional 567 shares during the period. Finally, Peoples Bank KS lifted 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 currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DG has been the topic of several research reports. BMO Capital Markets upped their target price on Dollar General from $80.00 to $84.00 and gave the company a "market perform" rating in a research report on Friday, December 6th. Gordon Haskett cut shares of Dollar General from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Barclays decreased their target price on shares of Dollar General from $102.00 to $100.00 and set an "overweight" rating on the stock in a research report on Thursday, January 9th. Bernstein Bank dropped their price target on shares of Dollar General from $98.00 to $94.00 in a research report on Friday, November 15th. Finally, The Goldman Sachs Group lowered their price objective on Dollar General from $104.00 to $93.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Dollar General presently has an average rating of "Hold" and a consensus price target of $96.77.

Insider Activity 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 shares were sold at an average price of $75.27, for a total transaction of $451,620.00. Following the completion of the sale, the director now owns 120,322 shares in the company, valued at $9,056,636.94. This trade represents a 4.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Emily C. Taylor sold 4,740 shares of the company's stock in a transaction 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 transaction, the executive vice president now directly owns 15,575 shares in the company, valued at $1,206,128. This represents a 23.33 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is owned by insiders.

Dollar General Trading Down 0.5 %

NYSE DG traded down $0.37 on Tuesday, hitting $73.77. The company's stock had a trading volume of 1,079,104 shares, compared to its average volume of 3,373,028. The company's 50-day moving average is $74.24 and its 200 day moving average is $85.33. The firm has a market cap of $16.22 billion, a PE ratio of 12.12, a PEG ratio of 2.08 and a beta of 0.43. Dollar General Co. has a 1-year low of $66.43 and a 1-year high of $168.07. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings results on Thursday, December 5th. The company reported $0.89 EPS for the quarter, missing analysts' consensus estimates of $0.97 by ($0.08). The company had revenue of $10.18 billion during the quarter, compared to the consensus estimate of $10.14 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The company's quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.26 EPS. As a group, analysts predict that Dollar General Co. will post 5.75 earnings per share for the current fiscal 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 dividend of $0.59 per share. The ex-dividend date was Tuesday, January 7th. This represents a $2.36 dividend on an annualized basis and a yield of 3.20%. Dollar General's dividend payout ratio (DPR) is currently 38.88%.

Dollar General 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.