Dollar General Co. (NYSE:DG) Shares Acquired by Primecap Management Co. CA

Primecap Management Co. CA boosted its stake in shares of Dollar General Co. (NYSE:DG) by 34.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 126,550 shares of the company’s stock after purchasing an additional 32,600 shares during the quarter. Primecap Management Co. CA owned approximately 0.06% of Dollar General worth $16,734,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in DG. Burkett Financial Services LLC acquired a new stake in shares of Dollar General in the fourth quarter valued at approximately $26,000. Bank & Trust Co bought a new position in Dollar General in the 2nd quarter worth approximately $26,000. Fortis Group Advisors LLC increased its position in Dollar General by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock valued at $27,000 after acquiring an additional 100 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Dollar General during the 2nd quarter valued at $33,000. Finally, Quest Partners LLC acquired a new position in Dollar General during the 4th quarter worth $37,000. 91.77% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Roderick J. West sold 2,510 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $83.25, for a total transaction of $208,957.50. Following the completion of the sale, the executive vice president now directly owns 9,163 shares in the company, valued at $762,819.75. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Dollar General news, Director Warren F. Bryant purchased 500 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were acquired at an average price of $80.40 per share, for a total transaction of $40,200.00. Following the acquisition, the director now owns 41,030 shares of the company’s stock, valued at $3,298,812. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Roderick J. West sold 2,510 shares of Dollar General stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $83.25, for a total transaction of $208,957.50. Following the completion of the sale, the executive vice president now directly owns 9,163 shares of the company’s stock, valued at approximately $762,819.75. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on DG. Morgan Stanley cut shares of Dollar General from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $170.00 to $100.00 in a research note on Friday, August 30th. Bank of America reduced their price target on shares of Dollar General from $118.00 to $95.00 and set an “underperform” rating for the company in a research note on Friday, August 30th. Oppenheimer reissued a “market perform” rating on shares of Dollar General in a report on Monday, August 26th. Barclays decreased their price target on Dollar General from $154.00 to $102.00 and set an “overweight” rating for the company in a research note on Tuesday, September 3rd. Finally, Wells Fargo & Company dropped their price objective on Dollar General from $145.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 27th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $113.95.

Dollar General Stock Performance

Shares of Dollar General stock opened at $86.86 on Thursday. Dollar General Co. has a 12 month low of $77.96 and a 12 month high of $168.07. The company has a quick ratio of 0.24, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. The stock has a market cap of $19.10 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 2.36 and a beta of 0.44. The business has a fifty day simple moving average of $110.25 and a 200-day simple moving average of $130.79.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, August 29th. The company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). The business had revenue of $10.21 billion for the quarter, compared to analyst estimates of $10.37 billion. Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The company’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.13 earnings per share. On average, sell-side analysts anticipate that Dollar General Co. will post 5.85 EPS for the current fiscal year.

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date is Tuesday, October 8th. Dollar General’s dividend payout ratio (DPR) is currently 34.35%.

Dollar General 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.