Capital International Investors Reduces Stock Position in Dollar General Corporation $DG

Capital International Investors lessened its position in Dollar General Corporation (NYSE:DGFree Report) by 79.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,258,985 shares of the company’s stock after selling 4,755,345 shares during the period. Capital International Investors owned 0.57% of Dollar General worth $130,115,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Dollar General by 0.3% during the third quarter. Vanguard Group Inc. now owns 26,896,503 shares of the company’s stock worth $2,779,754,000 after purchasing an additional 78,854 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in Dollar General by 116.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,714,972 shares of the company’s stock valued at $310,538,000 after purchasing an additional 1,458,093 shares during the period. Baupost Group LLC MA raised its position in Dollar General by 26.7% during the 2nd quarter. Baupost Group LLC MA now owns 2,666,876 shares of the company’s stock valued at $305,037,000 after purchasing an additional 562,000 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Dollar General by 31.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,596,250 shares of the company’s stock worth $268,313,000 after buying an additional 614,373 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Dollar General by 4.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,778,479 shares of the company’s stock worth $203,422,000 after buying an additional 70,588 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. BMO Capital Markets boosted their target price on Dollar General from $130.00 to $145.00 and gave the company a “market perform” rating in a research note on Friday, February 13th. Sanford C. Bernstein upped their target price on Dollar General from $141.00 to $150.00 and gave the company an “outperform” rating in a report on Monday, January 5th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Dollar General in a report on Monday, December 29th. Barclays boosted their price objective on shares of Dollar General from $127.00 to $151.00 and gave the company an “overweight” rating in a research report on Thursday, January 8th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Dollar General from $166.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, January 9th. Fourteen analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Dollar General currently has an average rating of “Hold” and an average target price of $146.15.

Get Our Latest Report on DG

Dollar General Trading Down 0.9%

DG opened at $144.70 on Thursday. The company has a quick ratio of 0.24, a current ratio of 1.17 and a debt-to-equity ratio of 0.63. Dollar General Corporation has a 52 week low of $74.67 and a 52 week high of $158.23. The stock has a market cap of $31.85 billion, a PE ratio of 24.99, a PEG ratio of 2.41 and a beta of 0.23. The business has a 50 day moving average of $147.75 and a 200-day moving average of $123.40.

Insider Transactions at Dollar General

In other Dollar General news, EVP Roderick J. West sold 2,282 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $133.35, for a total transaction of $304,304.70. Following the completion of the transaction, the executive vice president owned 36,108 shares of the company’s stock, valued at approximately $4,815,001.80. This trade represents a 5.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Anita C. Elliott sold 2,516 shares of the business’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $132.52, for a total transaction of $333,420.32. Following the sale, the chief accounting officer owned 29,344 shares in the company, valued at approximately $3,888,666.88. This trade represents a 7.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 22,074 shares of company stock worth $2,972,288 in the last ninety days. 0.56% of the stock is owned by company insiders.

Key Stories Impacting Dollar General

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Dollar General Profile

(Free Report)

Dollar General Corporation is a U.S.-based variety and discount retailer operating a large network of small-format stores that serve primarily rural and suburban communities. The company is publicly traded on the New York Stock Exchange under the ticker DG and is headquartered in the Nashville/Goodlettsville, Tennessee area. Founded in 1939, Dollar General has grown from a regional operation into one of the nation’s prominent low-price retailers focused on convenience and value.

Dollar General’s stores offer a wide assortment of everyday consumables and household goods, including food and beverage items, cleaning supplies, health and beauty products, paper goods, apparel basics, seasonal merchandise and small household items.

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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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