Dollar General Corp. (DG) Position Boosted by Burney Co.
Burney Co. lifted its holdings in shares of Dollar General Corp. (NYSE:DG) by 15.4% in the fourth quarter, HoldingsChannel reports. The fund owned 16,355 shares of the company’s stock after purchasing an additional 2,178 shares during the period. Burney Co.’s holdings in Dollar General were worth $1,521,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in DG. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Dollar General by 168.0% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,218,589 shares of the company’s stock valued at $1,314,516,000 after acquiring an additional 10,167,321 shares in the last quarter. Capital International Investors raised its holdings in shares of Dollar General by 14.0% during the third quarter. Capital International Investors now owns 6,428,000 shares of the company’s stock valued at $520,989,000 after acquiring an additional 791,600 shares in the last quarter. Jackson Square Partners LLC raised its holdings in shares of Dollar General by 12.3% during the third quarter. Jackson Square Partners LLC now owns 3,785,080 shares of the company’s stock valued at $306,780,000 after acquiring an additional 415,584 shares in the last quarter. PGGM Investments raised its holdings in shares of Dollar General by 126.7% during the fourth quarter. PGGM Investments now owns 632,700 shares of the company’s stock valued at $58,847,000 after acquiring an additional 353,601 shares in the last quarter. Finally, Atalanta Sosnoff Capital LLC bought a new position in shares of Dollar General during the fourth quarter valued at approximately $30,190,000. Institutional investors own 88.44% of the company’s stock.
Dollar General Corp. (DG) opened at $94.28 on Friday. Dollar General Corp. has a twelve month low of $65.97 and a twelve month high of $105.82. The company has a current ratio of 1.41, a quick ratio of 0.19 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $25,600.00, a price-to-earnings ratio of 20.90, a PEG ratio of 1.49 and a beta of 1.05.
In related news, SVP Anita C. Elliott sold 2,012 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $92.82, for a total transaction of $186,753.84. Following the sale, the senior vice president now directly owns 14,969 shares of the company’s stock, valued at $1,389,422.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Robert D. Ravener sold 11,368 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 22,598 shares in the company, valued at $2,097,320.38. The disclosure for this sale can be found here. Insiders have sold 20,916 shares of company stock valued at $1,924,881 over the last 90 days. Corporate insiders own 0.22% of the company’s stock.
A number of brokerages recently commented on DG. JPMorgan Chase & Co. restated a “neutral” rating and set a $103.00 target price (up previously from $94.00) on shares of Dollar General in a report on Thursday, February 22nd. ValuEngine downgraded Dollar General from a “buy” rating to a “hold” rating in a report on Thursday. Argus reiterated a “hold” rating on shares of Dollar General in a report on Thursday, February 8th. They noted that the move was a valuation call. Wells Fargo & Co reiterated an “outperform” rating and issued a $113.00 price objective (down previously from $117.00) on shares of Dollar General in a report on Tuesday, February 27th. Finally, UBS Group reiterated a “buy” rating and issued a $99.00 price objective (up previously from $85.00) on shares of Dollar General in a report on Monday, December 4th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $92.26.
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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