Tredje AP fonden Sells 10,434 Shares of Dollar General Corp. (NYSE:DG)

Tredje AP fonden lowered its position in Dollar General Corp. (NYSE:DG) by 35.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,748 shares of the company’s stock after selling 10,434 shares during the period. Tredje AP fonden’s holdings in Dollar General were worth $4,373,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Sandy Spring Bank increased its position in shares of Dollar General by 21.0% in the 1st quarter. Sandy Spring Bank now owns 363 shares of the company’s stock valued at $55,000 after buying an additional 63 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Dollar General by 3.9% in the 4th quarter. Sequoia Financial Advisors LLC now owns 1,715 shares of the company’s stock valued at $268,000 after buying an additional 64 shares in the last quarter. Lenox Wealth Management Inc. increased its position in shares of Dollar General by 8.6% in the 4th quarter. Lenox Wealth Management Inc. now owns 898 shares of the company’s stock valued at $140,000 after buying an additional 71 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Dollar General by 4.2% in the 1st quarter. Pacer Advisors Inc. now owns 1,918 shares of the company’s stock valued at $349,000 after buying an additional 78 shares in the last quarter. Finally, Wambolt & Associates LLC increased its position in shares of Dollar General by 3.7% in the 4th quarter. Wambolt & Associates LLC now owns 2,220 shares of the company’s stock valued at $346,000 after buying an additional 80 shares in the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.

A number of brokerages recently weighed in on DG. Goldman Sachs Group began coverage on shares of Dollar General in a research note on Monday, May 18th. They issued a “buy” rating and a $202.00 target price for the company. Morgan Stanley reduced their target price on shares of Dollar General from $174.00 to $170.00 and set an “overweight” rating for the company in a research note on Tuesday, March 17th. Edward Jones lowered shares of Dollar General from a “buy” rating to a “hold” rating in a research note on Tuesday, April 14th. Oppenheimer began coverage on shares of Dollar General in a research note on Wednesday. They issued a “buy” rating and a $205.00 target price for the company. Finally, Raymond James upped their target price on shares of Dollar General from $165.00 to $205.00 and gave the stock a “strong-buy” rating in a research note on Friday. Five analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $181.91.

NYSE:DG traded up $0.57 during mid-day trading on Friday, hitting $178.98. The stock had a trading volume of 1,848,632 shares, compared to its average volume of 1,935,143. Dollar General Corp. has a twelve month low of $118.26 and a twelve month high of $185.01. The stock has a market cap of $44.87 billion, a price-to-earnings ratio of 26.91, a PEG ratio of 1.95 and a beta of 0.50. The company’s 50 day simple moving average is $175.03 and its 200 day simple moving average is $160.34. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.11 and a current ratio of 1.14.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, March 12th. The company reported $2.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.01 by $0.09. Dollar General had a net margin of 6.17% and a return on equity of 26.04%. The business had revenue of $7.16 billion during the quarter, compared to the consensus estimate of $7.14 billion. During the same period last year, the business posted $1.84 EPS. Dollar General’s revenue was up 7.6% on a year-over-year basis. As a group, equities analysts forecast that Dollar General Corp. will post 7.47 earnings per share for the current year.

Dollar General Profile

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, Midwestern, and eastern United States. The company offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food comprising cereals, canned soups and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.

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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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