Dollar General Corp. (DG) Shares Sold by Hexavest Inc.

Hexavest Inc. lowered its position in Dollar General Corp. (NYSE:DG) by 12.4% during the first quarter, Holdings Channel reports. The institutional investor owned 1,309,349 shares of the company’s stock after selling 185,743 shares during the period. Dollar General Corp. accounts for 1.1% of Hexavest Inc.’s portfolio, making the stock its 17th largest position. Hexavest Inc. owned approximately 0.48% of Dollar General Corp. worth $91,301,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan increased its position in Dollar General Corp. by 0.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 8,980 shares of the company’s stock worth $629,000 after buying an additional 30 shares in the last quarter. Alpha Windward LLC increased its position in Dollar General Corp. by 2.4% in the first quarter. Alpha Windward LLC now owns 1,844 shares of the company’s stock worth $129,000 after buying an additional 44 shares in the last quarter. Wetherby Asset Management Inc. increased its position in Dollar General Corp. by 2.9% in the fourth quarter. Wetherby Asset Management Inc. now owns 3,359 shares of the company’s stock worth $249,000 after buying an additional 96 shares in the last quarter. Horrell Capital Management Inc. increased its position in Dollar General Corp. by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,260 shares of the company’s stock worth $1,901,000 after buying an additional 100 shares in the last quarter. Finally, Hendley & Co. Inc. increased its position in Dollar General Corp. by 0.5% in the fourth quarter. Hendley & Co. Inc. now owns 25,415 shares of the company’s stock worth $1,882,000 after buying an additional 115 shares in the last quarter. 81.93% of the stock is currently owned by institutional investors.

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

Shares of Dollar General Corp. (NYSE:DG) traded up 1.96% during trading on Thursday, hitting $70.67. The stock had a trading volume of 2,781,716 shares. The stock’s 50 day moving average is $70.72 and its 200 day moving average is $72.77. Dollar General Corp. has a 52 week low of $66.50 and a 52 week high of $96.88. The stock has a market capitalization of $19.44 billion, a price-to-earnings ratio of 15.95 and a beta of 0.84.

Dollar General Corp. (NYSE:DG) last issued its earnings results on Thursday, March 16th. The company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.41 by $0.08. The company earned $6.01 billion during the quarter, compared to analysts’ expectations of $5.96 billion. Dollar General Corp. had a net margin of 5.70% and a return on equity of 22.79%. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.30 EPS. On average, equities research analysts expect that Dollar General Corp. will post $4.45 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 26th. Shareholders of record on Tuesday, April 11th will be given a dividend of $0.26 per share. This is a boost from Dollar General Corp.’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, April 7th. This represents a $1.04 annualized dividend and a dividend yield of 1.47%. Dollar General Corp.’s payout ratio is presently 23.53%.

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A number of research firms have commented on DG. Jefferies Group LLC reaffirmed a “hold” rating and set a $68.00 target price on shares of Dollar General Corp. in a report on Wednesday. Buckingham Research cut Dollar General Corp. from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $83.00 to $75.00 in a research report on Friday, March 10th. Loop Capital reiterated a “hold” rating and set a $76.00 price target on shares of Dollar General Corp. in a research report on Tuesday, March 14th. Zacks Investment Research cut Dollar General Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, March 21st. Finally, MKM Partners reiterated a “buy” rating and set a $83.00 price target on shares of Dollar General Corp. in a research report on Wednesday, February 22nd. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $83.49.

About Dollar General Corp.

Dollar General Corporation is a discount retailer. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. The Company’s consumables category includes paper and cleaning products (such as paper towels, bath tissue, and other home cleaning supplies); packaged food (such as cereals, spices, sugar and flour); perishables (such as milk, beer and wine); snacks (such as candy, cookies, and carbonated beverages); health and beauty (such as over-the-counter medicines and personal care products); pet (pet supplies and pet food), and tobacco products.

5 Day Chart for NYSE:DG

Want to see what other hedge funds are holding DG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dollar General Corp. (NYSE:DG).

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