Dollar General Co. (NYSE:DG) Shares Sold by CIBC Asset Management Inc

CIBC Asset Management Inc trimmed its position in shares of Dollar General Co. (NYSE:DG) by 1.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,668 shares of the company’s stock after selling 410 shares during the period. CIBC Asset Management Inc’s holdings in Dollar General were worth $2,553,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of DG. Wilmington Savings Fund Society FSB bought a new stake in shares of Dollar General during the third quarter valued at about $33,000. Bogart Wealth LLC increased its stake in Dollar General by 279.8% during the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock valued at $37,000 after buying an additional 361 shares during the period. Newbridge Financial Services Group Inc. bought a new stake in shares of Dollar General during the 4th quarter worth about $39,000. Kentucky Trust Co acquired a new stake in shares of Dollar General in the 4th quarter worth approximately $48,000. Finally, Studio Investment Management LLC boosted its holdings in shares of Dollar General by 200.4% in the third quarter. Studio Investment Management LLC now owns 850 shares of the company’s stock valued at $72,000 after acquiring an additional 567 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DG. Telsey Advisory Group dropped their target price on Dollar General from $103.00 to $90.00 and set a “market perform” rating on the stock in a report on Monday, December 2nd. Wells Fargo & Company dropped their price objective on Dollar General from $90.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 5th. The Goldman Sachs Group dropped their price target on shares of Dollar General from $104.00 to $93.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. BMO Capital Markets upped their price target on shares of Dollar General from $80.00 to $84.00 and gave the company a “market perform” rating in a report on Friday, December 6th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Dollar General from $97.00 to $82.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $96.77.

Insiders Place Their Bets

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

Dollar General Price Performance

NYSE DG opened at $76.68 on Friday. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $16.86 billion, a PE ratio of 12.63, a price-to-earnings-growth ratio of 2.17 and a beta of 0.43. Dollar General Co. has a 12-month low of $66.43 and a 12-month high of $168.07. The company has a 50 day moving average price of $73.26 and a two-hundred day moving average price of $82.95.

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

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th were issued a $0.59 dividend. The ex-dividend date was Tuesday, January 7th. This represents a $2.36 annualized dividend and a yield of 3.08%. Dollar General’s dividend payout ratio (DPR) is currently 38.88%.

Dollar General 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.