Massachusetts Financial Services Co. MA Has $140.26 Million Stake in Dollar General Co. (NYSE:DG)

Massachusetts Financial Services Co. MA reduced its stake in Dollar General Co. (NYSE:DG) by 1.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,060,697 shares of the company’s stock after selling 13,186 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.48% of Dollar General worth $140,256,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Dollar General by 12.4% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 689 shares of the company’s stock worth $108,000 after buying an additional 76 shares during the period. Fidelis Capital Partners LLC boosted its holdings in Dollar General by 3.3% during the first quarter. Fidelis Capital Partners LLC now owns 2,425 shares of the company’s stock valued at $378,000 after acquiring an additional 77 shares during the period. Industrial Alliance Investment Management Inc. grew its position in shares of Dollar General by 3.5% in the first quarter. Industrial Alliance Investment Management Inc. now owns 2,390 shares of the company’s stock valued at $373,000 after purchasing an additional 80 shares during the last quarter. Pullen Investment Management LLC increased its stake in shares of Dollar General by 4.3% in the second quarter. Pullen Investment Management LLC now owns 2,105 shares of the company’s stock worth $278,000 after purchasing an additional 87 shares during the period. Finally, Rise Advisors LLC lifted its position in shares of Dollar General by 14.8% during the 1st quarter. Rise Advisors LLC now owns 700 shares of the company’s stock worth $109,000 after purchasing an additional 90 shares during the last quarter. Institutional investors own 91.77% of the company’s stock.

Dollar General Stock Up 1.0 %

NYSE DG opened at $86.86 on Thursday. The stock’s 50 day simple moving average is $110.25 and its 200 day simple moving average is $130.79. Dollar General Co. has a one year low of $77.96 and a one year high of $168.07. The firm 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 company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 0.24.

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

Dollar General Announces Dividend

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

Insider Activity at Dollar General

In other news, EVP Roderick J. West sold 2,510 shares of the business’s 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 owns 9,163 shares in the company, valued at $762,819.75. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Dollar General news, Director Warren F. Bryant bought 1,000 shares of the stock in a transaction on Tuesday, September 10th. The stock was purchased at an average price of $80.83 per share, with a total value of $80,830.00. Following the acquisition, the director now owns 42,030 shares of the company’s stock, valued at $3,397,284.90. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Roderick J. West sold 2,510 shares of the company’s 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 sale, the executive vice president now 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 company insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on DG shares. Oppenheimer reaffirmed a “market perform” rating on shares of Dollar General in a research report on Monday, August 26th. JPMorgan Chase & Co. cut their target price on shares of Dollar General from $130.00 to $97.00 and set a “neutral” rating for the company in a research note on Friday, August 30th. Loop Capital decreased their price target on shares of Dollar General from $130.00 to $90.00 and set a “hold” rating on the stock in a research report on Friday, August 30th. The Goldman Sachs Group dropped their price objective on shares of Dollar General from $169.00 to $122.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Finally, Bank of America reduced their target price 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. One 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 company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $113.95.

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.