BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $3.10 Million Stock Holdings in Dollar General Co. (NYSE:DG)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed its holdings in shares of Dollar General Co. (NYSE:DG) by 12.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,684 shares of the company’s stock after selling 5,386 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Dollar General were worth $3,102,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Pzena Investment Management LLC increased its holdings in shares of Dollar General by 453.4% in the 3rd quarter. Pzena Investment Management LLC now owns 10,238,886 shares of the company’s stock valued at $865,903,000 after purchasing an additional 8,388,735 shares during the period. Baupost Group LLC MA purchased a new stake in Dollar General in the 3rd quarter worth approximately $194,832,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Dollar General by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,434,960 shares of the company’s stock valued at $121,355,000 after buying an additional 31,200 shares during the period. Point72 Asset Management L.P. grew its holdings in shares of Dollar General by 148.6% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,280,020 shares of the company’s stock valued at $169,257,000 after acquiring an additional 765,206 shares in the last quarter. Finally, Equity Investment Corp increased its stake in shares of Dollar General by 60.8% in the third quarter. Equity Investment Corp now owns 951,329 shares of the company’s stock worth $80,454,000 after acquiring an additional 359,757 shares during the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Dollar General Stock Up 1.6 %

Shares of DG opened at $79.02 on Wednesday. Dollar General Co. has a 52 week low of $72.12 and a 52 week high of $168.07. The firm has a market capitalization of $17.38 billion, a P/E ratio of 12.27, a P/E/G ratio of 2.28 and a beta of 0.44. The company has a 50-day simple moving average of $79.87 and a 200-day simple moving average of $104.60. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 1.22.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on DG shares. Sanford C. Bernstein started coverage on Dollar General in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $98.00 target price on the stock. Barclays cut their price objective on shares of Dollar General from $154.00 to $102.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 3rd. Bernstein Bank decreased their target price on shares of Dollar General from $98.00 to $94.00 in a research report on Friday, November 15th. The Goldman Sachs Group cut their price target 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, Daiwa America cut shares of Dollar General from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $103.32.

Insider Buying and Selling at Dollar General

In other Dollar General news, EVP Steven R. Deckard sold 2,010 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total value of $174,186.60. Following the sale, the executive vice president now owns 2,887 shares of the company’s stock, valued at $250,187.42. The trade was a 41.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Warren F. Bryant acquired 500 shares of Dollar General stock in a transaction dated Thursday, September 5th. The shares were acquired at an average cost of $80.40 per share, with a total value of $40,200.00. Following the completion of the acquisition, the director now directly owns 41,030 shares in the company, valued at $3,298,812. This trade represents a 1.23 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.49% of the company’s stock.

About Dollar General

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.