Bank of New York Mellon Corp cut its position in Dollar General Corp. (NYSE:DG) by 15.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,157,162 shares of the company’s stock after selling 594,930 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.16% of Dollar General worth $293,647,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Polen Capital Management LLC lifted its holdings in Dollar General by 0.8% during the 4th quarter. Polen Capital Management LLC now owns 4,977,513 shares of the company’s stock valued at $462,958,000 after purchasing an additional 41,833 shares during the last quarter. Rhumbline Advisers increased its position in Dollar General by 2.4% in the 4th quarter. Rhumbline Advisers now owns 459,290 shares of the company’s stock valued at $42,719,000 after acquiring an additional 10,676 shares in the last quarter. Arizona State Retirement System increased its position in Dollar General by 2.2% in the 4th quarter. Arizona State Retirement System now owns 66,004 shares of the company’s stock valued at $6,139,000 after acquiring an additional 1,404 shares in the last quarter. Trexquant Investment LP acquired a new stake in shares of Dollar General during the 4th quarter worth approximately $3,657,000. Finally, Independence Bank of Kentucky acquired a new stake in shares of Dollar General during the 4th quarter worth approximately $1,458,000. Institutional investors and hedge funds own 90.88% of the company’s stock.
Shares of Dollar General Corp. (DG) traded down $0.33 on Wednesday, reaching $89.20. The company had a trading volume of 3,893,361 shares, compared to its average volume of 2,890,000. 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 stock has a market cap of $24,220.00, a price-to-earnings ratio of 19.78, a P/E/G ratio of 1.37 and a beta of 1.05. Dollar General Corp. has a 52 week low of $65.97 and a 52 week high of $105.82.
In related news, SVP Anita C. Elliott sold 2,012 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $92.82, for a total value of $186,753.84. Following the completion of the sale, the senior vice president now owns 14,969 shares in the company, valued at approximately $1,389,422.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Michael J. Kindy sold 7,536 shares of the business’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 value of $683,063.04. Following the completion of the sale, the senior vice president now owns 7,578 shares of the company’s stock, valued at approximately $686,869.92. The disclosure for this sale can be found here. 0.32% of the stock is owned by insiders.
A number of brokerages recently issued reports on DG. Argus restated a “hold” rating on shares of Dollar General in a report on Thursday, February 8th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Dollar General from a “buy” rating to a “hold” rating in a research note on Monday, December 11th. Raymond James Financial reissued a “buy” rating and issued a $107.00 price objective on shares of Dollar General in a research report on Sunday, December 3rd. Citigroup initiated coverage on shares of Dollar General in a research report on Tuesday, January 16th. They issued an “outperform” rating and a $112.00 price objective on the stock. Finally, BMO Capital Markets set a $102.00 price target on shares of Dollar General and gave the stock a “hold” rating in a research report on Friday, December 8th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $92.90.
About Dollar General
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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