Bbva Compass Bancshares Inc. Cuts Stake in Dollar General Corp. (DG)

Bbva Compass Bancshares Inc. cut its position in Dollar General Corp. (NYSE:DG) by 2.8% during the first quarter, HoldingsChannel.com reports. The firm owned 5,580 shares of the company’s stock after selling 162 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Dollar General were worth $665,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in DG. Oregon Public Employees Retirement Fund increased its holdings in shares of Dollar General by 10,128.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,752,166 shares of the company’s stock valued at $90,000 after purchasing an additional 9,656,820 shares during the period. BlackRock Inc. increased its holdings in shares of Dollar General by 13.9% in the fourth quarter. BlackRock Inc. now owns 22,207,042 shares of the company’s stock valued at $2,400,135,000 after purchasing an additional 2,709,334 shares during the period. Norges Bank acquired a new position in shares of Dollar General in the fourth quarter valued at about $216,226,000. FMR LLC increased its holdings in shares of Dollar General by 21.3% in the fourth quarter. FMR LLC now owns 7,274,966 shares of the company’s stock valued at $786,278,000 after purchasing an additional 1,278,052 shares during the period. Finally, Bank of America Corp DE grew its holdings in Dollar General by 59.2% during the fourth quarter. Bank of America Corp DE now owns 1,575,874 shares of the company’s stock worth $170,321,000 after acquiring an additional 585,754 shares during the period. 97.34% of the stock is currently owned by institutional investors and hedge funds.

DG has been the topic of several analyst reports. Citigroup raised their target price on Dollar General from $120.00 to $144.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Raymond James set a $127.00 target price on Dollar General and gave the stock a “buy” rating in a report on Tuesday, February 26th. Bank of America set a $133.00 target price on Dollar General and gave the stock a “buy” rating in a report on Wednesday, April 10th. Loop Capital raised Dollar General from a “hold” rating to a “buy” rating and raised their target price for the stock from $105.00 to $152.00 in a report on Tuesday, April 30th. Finally, Deutsche Bank lowered Dollar General from a “buy” rating to a “hold” rating in a report on Thursday, February 28th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, three have given a hold rating and seventeen have assigned a buy rating to the stock. Dollar General has an average rating of “Buy” and a consensus target price of $122.55.



In other Dollar General news, EVP Robert D. Ravener sold 78,987 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $117.78, for a total transaction of $9,303,088.86. Following the transaction, the executive vice president now owns 62,434 shares in the company, valued at $7,353,476.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Robert D. Ravener sold 8,973 shares of the stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $123.82, for a total value of $1,111,036.86. Following the transaction, the executive vice president now owns 17,794 shares in the company, valued at approximately $2,203,253.08. The disclosure for this sale can be found here. Insiders have sold 143,255 shares of company stock worth $17,037,351 in the last quarter. 0.55% of the stock is currently owned by company insiders.

Shares of DG stock opened at $117.28 on Wednesday. The company has a market cap of $30.65 billion, a price-to-earnings ratio of 19.64, a price-to-earnings-growth ratio of 1.48 and a beta of 0.72. The company has a current ratio of 1.55, a quick ratio of 0.19 and a debt-to-equity ratio of 0.45. Dollar General Corp. has a 12-month low of $86.87 and a 12-month high of $126.84.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, March 14th. The company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.05). The business had revenue of $6.65 billion for the quarter, compared to analysts’ expectations of $6.61 billion. Dollar General had a return on equity of 25.04% and a net margin of 6.20%. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.48 EPS. On average, research analysts predict that Dollar General Corp. will post 6.42 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th were given a dividend of $0.32 per share. The ex-dividend date was Monday, April 8th. This represents a $1.28 dividend on an annualized basis and a yield of 1.09%. This is an increase from Dollar General’s previous quarterly dividend of $0.29. Dollar General’s dividend payout ratio is currently 21.44%.

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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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