Genesee Valley Trust Co. Decreases Position in Dollar General Corp. (DG)
Genesee Valley Trust Co. trimmed its holdings in Dollar General Corp. (NYSE:DG) by 6.1% in the 4th quarter, HoldingsChannel reports. The fund owned 14,292 shares of the company’s stock after selling 933 shares during the quarter. Genesee Valley Trust Co.’s holdings in Dollar General were worth $1,329,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of DG. Barrow Hanley Mewhinney & Strauss LLC grew its position in Dollar General by 168.0% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,218,589 shares of the company’s stock valued at $1,314,516,000 after purchasing an additional 10,167,321 shares during the last quarter. Longview Partners Guernsey LTD grew its position in Dollar General by 41.3% during the 3rd quarter. Longview Partners Guernsey LTD now owns 11,321,660 shares of the company’s stock valued at $917,621,000 after purchasing an additional 3,310,168 shares during the last quarter. Capital International Investors grew its position in Dollar General by 14.0% during the 3rd quarter. Capital International Investors now owns 6,428,000 shares of the company’s stock valued at $520,989,000 after purchasing an additional 791,600 shares during the last quarter. Sterling Capital Management LLC grew its position in Dollar General by 5,174.1% during the 2nd quarter. Sterling Capital Management LLC now owns 760,895 shares of the company’s stock valued at $54,853,000 after purchasing an additional 746,468 shares during the last quarter. Finally, Jackson Square Partners LLC grew its position in Dollar General by 12.3% during the 3rd quarter. Jackson Square Partners LLC now owns 3,785,080 shares of the company’s stock valued at $306,780,000 after purchasing an additional 415,584 shares during the last quarter. Institutional investors own 90.29% of the company’s stock.
Shares of Dollar General Corp. (NYSE DG) opened at $97.88 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.19 and a current ratio of 1.41. The stock has a market cap of $26,580.00, a PE ratio of 21.70, a PEG ratio of 1.62 and a beta of 1.00. Dollar General Corp. has a 1-year low of $65.97 and a 1-year high of $105.82.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 23rd. Investors of record on Tuesday, January 9th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend was Monday, January 8th. Dollar General’s payout ratio is 23.06%.
Several analysts recently commented on the stock. ValuEngine raised shares of Dollar General from a “hold” rating to a “buy” rating in a research report on Thursday. Zacks Investment Research raised shares of Dollar General from a “hold” rating to a “strong-buy” rating and set a $110.00 price objective on the stock in a research report on Tuesday. Wells Fargo & Co raised shares of Dollar General from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $102.27 to $117.00 in a research report on Tuesday, January 23rd. Citigroup assumed coverage on shares of Dollar General in a research report on Tuesday, January 16th. They set an “outperform” rating and a $112.00 price objective on the stock. Finally, UBS Group reissued a “buy” rating and set a $99.00 price objective (up from $85.00) on shares of Dollar General in a research report on Monday, December 4th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $91.98.
In related news, EVP Robert D. Ravener sold 11,368 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $92.81, for a total value of $1,055,064.08. Following the transaction, the executive vice president now owns 22,598 shares of the company’s stock, valued at $2,097,320.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Michael J. Kindy sold 7,536 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $90.64, for a total transaction of $683,063.04. Following the completion of the transaction, the senior vice president now directly owns 7,578 shares in the company, valued at approximately $686,869.92. The disclosure for this sale can be found here. In the last three months, insiders sold 20,916 shares of company stock worth $1,924,881. 0.22% of the stock is currently owned by insiders.
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Dollar General Profile
Dollar General Corporation is a discount retailer. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. The Company’s consumables category includes paper and cleaning products (such as paper towels, bath tissue, and other home cleaning supplies); packaged food (such as cereals, spices, sugar and flour); perishables (such as milk, beer and wine); snacks (such as candy, cookies, and carbonated beverages); health and beauty (such as over-the-counter medicines and personal care products); pet (pet supplies and pet food), and tobacco products.
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