Dollar General Co. (NYSE:DG) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank cut its position in Dollar General Co. (NYSE:DG - Free Report) by 10.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 100,242 shares of the company's stock after selling 11,145 shares during the period. Toronto Dominion Bank's holdings in Dollar General were worth $8,477,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Swedbank AB boosted its holdings in shares of Dollar General by 21.4% during the 2nd quarter. Swedbank AB now owns 101,424 shares of the company's stock valued at $13,411,000 after acquiring an additional 17,849 shares during the last quarter. Blue Trust Inc. grew its position in Dollar General by 38.4% in the 2nd quarter. Blue Trust Inc. now owns 790 shares of the company's stock worth $104,000 after purchasing an additional 219 shares during the period. TCW Group Inc. grew its position in Dollar General by 15.4% in the 2nd quarter. TCW Group Inc. now owns 12,437 shares of the company's stock worth $1,645,000 after purchasing an additional 1,661 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Dollar General by 3.1% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 203,880 shares of the company's stock valued at $26,959,000 after buying an additional 6,144 shares during the period. Finally, ZWJ Investment Counsel Inc. increased its position in Dollar General by 1.8% during the second quarter. ZWJ Investment Counsel Inc. now owns 151,702 shares of the company's stock valued at $20,060,000 after acquiring an additional 2,665 shares during the last quarter. Institutional investors own 91.77% of the company's stock.

Dollar General Stock Down 1.9 %

Dollar General stock traded down $1.48 during mid-day trading on Friday, reaching $76.94. 3,770,999 shares of the company were exchanged, compared to its average volume of 3,288,304. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The firm has a market cap of $16.92 billion, a P/E ratio of 12.68, a PEG ratio of 2.37 and a beta of 0.44. The business has a fifty day moving average of $79.15 and a 200 day moving average of $101.13. 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 issued its quarterly earnings data on Thursday, December 5th. The company reported $0.89 earnings per share for the quarter, missing analysts' consensus estimates of $0.97 by ($0.08). The company had revenue of $10.18 billion for the quarter, compared to analysts' expectations of $10.14 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The company's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.26 earnings per share. Research analysts anticipate that Dollar General Co. will post 5.77 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, January 7th. This represents a $2.36 dividend on an annualized basis and a yield of 3.07%. Dollar General's payout ratio is 38.88%.

Insider Buying and Selling at Dollar General

In other Dollar General news, EVP Steven R. Deckard sold 2,010 shares of the firm's stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total value of $174,186.60. Following the completion of the sale, the executive vice president now owns 2,887 shares of the company's stock, valued at approximately $250,187.42. This trade represents a 41.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.49% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DG. Sanford C. Bernstein started coverage on shares of Dollar General in a research report on Tuesday, October 22nd. They set an "outperform" rating and a $98.00 price objective on the stock. Oppenheimer reiterated a "market perform" rating on shares of Dollar General in a report on Monday, August 26th. BMO Capital Markets increased their price target on Dollar General from $80.00 to $84.00 and gave the company a "market perform" rating in a report on Friday, December 6th. Melius Research initiated coverage on shares of Dollar General in a research note on Monday, September 23rd. They set a "hold" rating and a $85.00 price objective for the company. Finally, Telsey Advisory Group reduced their target price on shares of Dollar General from $103.00 to $90.00 and set a "market perform" rating on the stock in a research note on Monday, December 2nd. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $98.27.

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.