Mutual of America Capital Management LLC Has $3.67 Million Stock Holdings in Dollar General Co. (NYSE:DG)

Mutual of America Capital Management LLC decreased its stake in shares of Dollar General Co. (NYSE:DG) by 3.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,727 shares of the company’s stock after selling 1,068 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Dollar General were worth $3,666,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its holdings in Dollar General by 162.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,185,887 shares of the company’s stock worth $2,472,372,000 after purchasing an additional 11,257,537 shares during the period. Vanguard Group Inc. boosted its stake in shares of Dollar General by 15.5% during the 4th quarter. Vanguard Group Inc. now owns 25,071,820 shares of the company’s stock worth $3,408,514,000 after acquiring an additional 3,360,413 shares during the period. Capital International Investors increased its holdings in shares of Dollar General by 13.9% during the 4th quarter. Capital International Investors now owns 18,676,538 shares of the company’s stock worth $2,539,026,000 after acquiring an additional 2,273,119 shares during the last quarter. Pzena Investment Management LLC bought a new stake in Dollar General in the 1st quarter valued at $301,738,000. Finally, Interval Partners LP acquired a new stake in Dollar General during the 1st quarter valued at $87,081,000. Institutional investors own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

DG has been the subject of several research reports. JPMorgan Chase & Co. cut their price objective on shares of Dollar General from $130.00 to $97.00 and set a “neutral” rating for the company in a research report on Friday, August 30th. Raymond James dropped their price target on Dollar General from $150.00 to $120.00 and set an “outperform” rating for the company in a report on Friday, August 30th. Telsey Advisory Group lowered Dollar General from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $168.00 to $103.00 in a report on Friday, August 30th. Bank of America dropped their target price on Dollar General from $118.00 to $95.00 and set an “underperform” rating for the company in a report on Friday, August 30th. Finally, Argus decreased their price target on shares of Dollar General from $175.00 to $170.00 and set a “buy” rating on the stock in a research note on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Dollar General currently has a consensus rating of “Hold” and an average target price of $113.95.

Insider Activity

In other Dollar General news, Director Warren F. Bryant bought 1,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were bought at an average price of $80.83 per share, for a total transaction of $80,830.00. Following the acquisition, the director now directly owns 42,030 shares of the company’s stock, valued at approximately $3,397,284.90. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Warren F. Bryant purchased 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was acquired at an average price of $80.83 per share, for a total transaction of $80,830.00. Following the completion of the acquisition, the director now owns 42,030 shares of the company’s stock, valued at approximately $3,397,284.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Warren F. Bryant acquired 500 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were bought at an average price of $80.40 per share, for a total transaction of $40,200.00. Following the completion of the purchase, the director now owns 41,030 shares in the company, valued at approximately $3,298,812. The disclosure for this purchase can be found here. Corporate insiders own 0.49% of the company’s stock.

Dollar General Price Performance

Shares of DG opened at $86.01 on Monday. The firm has a market cap of $18.91 billion, a PE ratio of 12.52, a price-to-earnings-growth ratio of 2.36 and a beta of 0.44. Dollar General Co. has a 52-week low of $77.96 and a 52-week high of $168.07. The business’s 50 day moving average price is $108.42 and its two-hundred day moving average price is $129.69. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 1.22.

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

Dollar General Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th will be issued a dividend of $0.59 per share. The ex-dividend date is Tuesday, October 8th. This represents a $2.36 annualized dividend and a yield of 2.74%. Dollar General’s payout ratio is 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.