Court Place Advisors LLC Sells 655 Shares of Dollar General Co. (NYSE:DG)

Court Place Advisors LLC reduced its stake in Dollar General Co. (NYSE:DG) by 22.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,239 shares of the company’s stock after selling 655 shares during the period. Court Place Advisors LLC’s holdings in Dollar General were worth $304,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of DG. Fiduciary Trust Co. raised its position in shares of Dollar General by 0.7% during the 1st quarter. Fiduciary Trust Co. now owns 8,868 shares of the company’s stock valued at $1,866,000 after purchasing an additional 64 shares during the period. SevenOneSeven Capital Management raised its position in shares of Dollar General by 5.4% during the 2nd quarter. SevenOneSeven Capital Management now owns 1,257 shares of the company’s stock valued at $207,000 after purchasing an additional 64 shares during the period. Kinneret Advisory LLC raised its position in shares of Dollar General by 2.3% during the 1st quarter. Kinneret Advisory LLC now owns 2,906 shares of the company’s stock valued at $647,000 after purchasing an additional 65 shares during the period. Cito Capital Group LLC raised its position in shares of Dollar General by 2.5% during the 1st quarter. Cito Capital Group LLC now owns 3,100 shares of the company’s stock valued at $652,000 after purchasing an additional 75 shares during the period. Finally, Evergreen Capital Management LLC raised its position in shares of Dollar General by 7.6% during the 4th quarter. Evergreen Capital Management LLC now owns 1,160 shares of the company’s stock valued at $286,000 after purchasing an additional 82 shares during the period. 91.77% of the stock is owned by institutional investors.

Insider Buying and Selling at Dollar General

In other Dollar General news, EVP Carman R. Wenkoff sold 5,909 shares of the business’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $162.23, for a total value of $958,617.07. Following the completion of the sale, the executive vice president now directly owns 28,579 shares of the company’s stock, valued at approximately $4,636,371.17. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, Director Ralph Santana sold 3,009 shares of the business’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $155.72, for a total value of $468,561.48. Following the completion of the sale, the director now owns 3,248 shares in the company, valued at approximately $505,778.56. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Carman R. Wenkoff sold 5,909 shares of the business’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $162.23, for a total transaction of $958,617.07. Following the completion of the sale, the executive vice president now owns 28,579 shares of the company’s stock, valued at approximately $4,636,371.17. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate insiders.

Dollar General Trading Down 0.4 %

Shares of DG stock traded down $0.52 during trading hours on Wednesday, reaching $144.47. 1,864,646 shares of the stock were exchanged, compared to its average volume of 2,389,606. Dollar General Co. has a 12-month low of $101.09 and a 12-month high of $222.99. The company has a current ratio of 1.19, a quick ratio of 0.15 and a debt-to-equity ratio of 0.92. The company’s 50-day moving average price is $149.05 and its 200-day moving average price is $133.71. The firm has a market capitalization of $31.74 billion, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 2.59 and a beta of 0.42.

Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, March 14th. The company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.09. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. The firm had revenue of $9.86 billion during the quarter, compared to analysts’ expectations of $9.77 billion. During the same period in the previous year, the company earned $2.96 EPS. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. As a group, equities analysts anticipate that Dollar General Co. will post 7.28 earnings per share for the current year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th will be given a $0.59 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.36 annualized dividend and a yield of 1.63%. Dollar General’s dividend payout ratio (DPR) is 31.22%.

Analyst Ratings Changes

Several analysts have recently commented on DG shares. Argus raised their price objective on shares of Dollar General from $160.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Morgan Stanley lifted their price target on shares of Dollar General from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, March 15th. The Goldman Sachs Group lifted their price target on shares of Dollar General from $147.00 to $169.00 and gave the company a “buy” rating in a report on Friday, March 15th. Barclays upgraded shares of Dollar General from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $124.00 to $154.00 in a report on Thursday, January 4th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Dollar General in a report on Wednesday, March 6th. Fifteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $153.08.

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.