Dollar General Co. (NYSE:DG) Shares Bought by Nexus Investment Management ULC

Nexus Investment Management ULC raised its position in Dollar General Co. (NYSE:DG) by 1.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 286,535 shares of the company’s stock after acquiring an additional 5,245 shares during the period. Dollar General makes up 2.2% of Nexus Investment Management ULC’s investment portfolio, making the stock its 23rd largest holding. Nexus Investment Management ULC owned 0.13% of Dollar General worth $21,725,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new position in Dollar General during the third quarter worth $33,000. Quarry LP purchased a new stake in shares of Dollar General during the 2nd quarter worth $46,000. Pathway Financial Advisers LLC grew its stake in shares of Dollar General by 30.6% during the 2nd quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock worth $50,000 after purchasing an additional 88 shares during the period. ORG Wealth Partners LLC purchased a new position in shares of Dollar General in the 3rd quarter valued at about $57,000. Finally, Bruce G. Allen Investments LLC lifted its stake in shares of Dollar General by 37.7% in the third quarter. Bruce G. Allen Investments LLC now owns 792 shares of the company’s stock valued at $67,000 after purchasing an additional 217 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DG. Bank of America raised shares of Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 target price for the company in a report on Friday, December 6th. Wells Fargo & Company dropped their price objective on Dollar General from $90.00 to $80.00 and set an “equal weight” rating for the company in a research note on Thursday, December 5th. The Goldman Sachs Group decreased their target price on Dollar General from $122.00 to $104.00 and set a “buy” rating on the stock in a research report on Friday, December 6th. Gordon Haskett raised Dollar General from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. Finally, BMO Capital Markets increased their price objective on shares of Dollar General from $80.00 to $84.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $98.18.

Insider Buying and Selling at Dollar General

In other news, EVP Emily C. Taylor sold 4,740 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $77.44, for a total value of $367,065.60. Following the completion of the sale, the executive vice president now owns 15,575 shares in the company, valued at approximately $1,206,128. This trade represents a 23.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael M. Calbert sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total value of $451,620.00. Following the transaction, the director now directly owns 120,322 shares in the company, valued at $9,056,636.94. This trade represents a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by company insiders.

Dollar General Stock Performance

NYSE DG opened at $68.44 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $15.05 billion, a PE ratio of 11.28, a price-to-earnings-growth ratio of 2.12 and a beta of 0.44. The business’s 50-day moving average price is $75.53 and its 200 day moving average price is $91.85. Dollar General Co. has a twelve month low of $66.43 and a twelve month high of $168.07.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, December 5th. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.08). Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The company had revenue of $10.18 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter in the previous year, the company earned $1.26 earnings per share. The company’s revenue was up 5.0% on a year-over-year basis. On average, research analysts predict that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 3.45%. The ex-dividend date is Tuesday, January 7th. Dollar General’s dividend payout ratio (DPR) is currently 38.88%.

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.