Dollar General Co. (NYSE:DG) Shares Sold by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. trimmed its position in Dollar General Co. (NYSE:DG) by 10.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,800 shares of the company’s stock after selling 712 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Dollar General were worth $767,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its position in shares of Dollar General by 162.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,185,887 shares of the company’s stock worth $2,472,372,000 after buying an additional 11,257,537 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Dollar General by 15.5% during the fourth quarter. Vanguard Group Inc. now owns 25,071,820 shares of the company’s stock worth $3,408,514,000 after purchasing an additional 3,360,413 shares in the last quarter. Norges Bank purchased a new stake in shares of Dollar General in the 4th quarter valued at about $337,150,000. Capital International Investors boosted its position in shares of Dollar General by 13.9% in the 4th quarter. Capital International Investors now owns 18,676,538 shares of the company’s stock valued at $2,539,026,000 after purchasing an additional 2,273,119 shares during the period. Finally, Pzena Investment Management LLC acquired a new position in Dollar General during the first quarter worth approximately $301,738,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

Dollar General Trading Up 3.3 %

Shares of DG opened at $83.21 on Friday. Dollar General Co. has a twelve month low of $77.96 and a twelve month high of $168.07. The company has a current ratio of 1.22, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $18.30 billion, a P/E ratio of 12.11, a PEG ratio of 2.41 and a beta of 0.45. The firm’s 50-day moving average is $113.67 and its two-hundred day moving average is $132.50.

Dollar General (NYSE:DG) last released its quarterly 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 firm had revenue of $10.21 billion during 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 business’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.13 EPS. On average, research analysts predict that Dollar General Co. will post 5.86 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The company 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. This represents a $2.36 annualized dividend and a dividend yield of 2.84%. The ex-dividend date is Tuesday, October 8th. Dollar General’s dividend payout ratio (DPR) is presently 34.35%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company lowered their target price on shares of Dollar General from $145.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 27th. JPMorgan Chase & Co. lowered their price objective on shares of Dollar General from $130.00 to $97.00 and set a “neutral” rating on the stock in a research report on Friday, August 30th. Morgan Stanley cut shares of Dollar General from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $170.00 to $100.00 in a report on Friday, August 30th. UBS Group lowered their price target on Dollar General from $155.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Finally, Barclays reduced their price objective 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. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $113.95.

Insider Buying and Selling

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

Dollar General Company 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.