American Century Companies Inc. Purchases 221,542 Shares of Dollar General Co. (NYSE:DG)

American Century Companies Inc. increased its position in Dollar General Co. (NYSE:DG) by 377.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 280,275 shares of the company’s stock after purchasing an additional 221,542 shares during the quarter. American Century Companies Inc. owned approximately 0.13% of Dollar General worth $21,250,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of DG. Cerity Partners LLC increased its holdings in shares of Dollar General by 36.3% in the third quarter. Cerity Partners LLC now owns 31,211 shares of the company’s stock valued at $2,640,000 after purchasing an additional 8,310 shares during the last quarter. D.A. Davidson & CO. raised its holdings in Dollar General by 112.9% in the 3rd quarter. D.A. Davidson & CO. now owns 5,394 shares of the company’s stock valued at $456,000 after acquiring an additional 2,861 shares during the period. CreativeOne Wealth LLC lifted its position in Dollar General by 15.1% during the third quarter. CreativeOne Wealth LLC now owns 6,015 shares of the company’s stock worth $509,000 after acquiring an additional 789 shares during the last quarter. Public Sector Pension Investment Board boosted its holdings in shares of Dollar General by 14.3% during the third quarter. Public Sector Pension Investment Board now owns 9,601 shares of the company’s stock worth $812,000 after acquiring an additional 1,200 shares during the period. Finally, Verition Fund Management LLC grew its position in shares of Dollar General by 387.7% in the third quarter. Verition Fund Management LLC now owns 32,912 shares of the company’s stock valued at $2,783,000 after purchasing an additional 26,164 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Telsey Advisory Group restated a “market perform” rating and issued a $85.00 price target on shares of Dollar General in a research note on Thursday, March 13th. The Goldman Sachs Group dropped their price objective on Dollar General from $104.00 to $93.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Gordon Haskett lowered Dollar General from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 28th. Wells Fargo & Company dropped their price target on Dollar General from $90.00 to $80.00 and set an “equal weight” rating for the company in a research note on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $80.00 price objective (down from $90.00) on shares of Dollar General in a research note on Monday, March 3rd. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $92.26.

Insider Activity at Dollar General

In other Dollar General news, Director Michael M. Calbert sold 6,000 shares of Dollar General stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total value of $451,620.00. Following the completion of the sale, the director now directly owns 120,322 shares in the company, valued at approximately $9,056,636.94. The trade was a 4.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.49% of the stock is owned by company insiders.

Dollar General Stock Performance

NYSE DG opened at $86.03 on Monday. The company has a market capitalization of $18.92 billion, a price-to-earnings ratio of 14.17, a PEG ratio of 2.18 and a beta of 0.44. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. Dollar General Co. has a twelve month low of $66.43 and a twelve month high of $164.12. The stock has a fifty day simple moving average of $76.12 and a 200 day simple moving average of $77.83.

Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.17. The company had revenue of $10.30 billion during the quarter, compared to the consensus estimate of $10.26 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The firm’s revenue was up 4.5% compared to the same quarter last year. During the same period last year, the company earned $1.83 earnings per share. Sell-side analysts expect that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend is Tuesday, April 8th. Dollar General’s dividend payout ratio (DPR) is presently 46.18%.

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.