Fiduciary Management Inc. WI Cuts Position in Dollar General Corporation (DG)

Fiduciary Management Inc. WI trimmed its stake in shares of Dollar General Corporation (NYSE:DG) by 6.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,504,207 shares of the company’s stock after selling 491,654 shares during the period. Dollar General Corporation accounts for 3.2% of Fiduciary Management Inc. WI’s portfolio, making the stock its 10th largest holding. Fiduciary Management Inc. WI owned approximately 2.74% of Dollar General Corporation worth $540,978,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of DG. First Trust Advisors LP grew its stake in Dollar General Corporation by 74.9% during the first quarter. First Trust Advisors LP now owns 97,754 shares of the company’s stock valued at $6,816,000 after acquiring an additional 41,864 shares in the last quarter. UBS Asset Management Americas Inc. grew its stake in Dollar General Corporation by 8.9% during the first quarter. UBS Asset Management Americas Inc. now owns 789,648 shares of the company’s stock valued at $55,062,000 after acquiring an additional 64,747 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Dollar General Corporation by 29.4% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,853 shares of the company’s stock valued at $1,315,000 after acquiring an additional 4,283 shares in the last quarter. 12th Street Asset Management Company LLC grew its stake in Dollar General Corporation by 10.1% during the first quarter. 12th Street Asset Management Company LLC now owns 297,573 shares of the company’s stock valued at $21,156,000 after acquiring an additional 27,345 shares in the last quarter. Finally, Coyle Financial Counsel LLC bought a new position in Dollar General Corporation during the first quarter valued at $2,262,000. 90.61% of the stock is owned by institutional investors.

Dollar General Corporation (NYSE DG) traded up 0.48% on Friday, reaching $77.60. 4,146,445 shares of the company’s stock were exchanged. Dollar General Corporation has a one year low of $65.97 and a one year high of $80.67. The stock has a market cap of $21.20 billion, a price-to-earnings ratio of 17.58 and a beta of 0.94. The firm has a 50 day moving average of $75.65 and a 200-day moving average of $72.80.

Dollar General Corporation (NYSE:DG) last released its earnings results on Thursday, August 31st. The company reported $1.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.01. Dollar General Corporation had a net margin of 5.38% and a return on equity of 22.67%. The firm had revenue of $5.83 billion for the quarter, compared to analyst estimates of $5.80 billion. During the same period in the prior year, the firm earned $1.08 earnings per share. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. Equities research analysts forecast that Dollar General Corporation will post $4.51 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 24th. Investors of record on Tuesday, October 10th will be paid a dividend of $0.26 per share. The ex-dividend date is Friday, October 6th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.34%. Dollar General Corporation’s payout ratio is 23.48%.

In related news, EVP Robert D. Ravener sold 11,257 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $77.00, for a total transaction of $866,789.00. Following the sale, the executive vice president now directly owns 22,598 shares in the company, valued at $1,740,046. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.22% of the stock is currently owned by corporate insiders.

Several equities analysts have commented on DG shares. Gordon Haskett upgraded shares of Dollar General Corporation from a “reduce” rating to an “accumulate” rating in a research report on Thursday, June 1st. Zacks Investment Research upgraded shares of Dollar General Corporation from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research report on Wednesday, June 21st. Johnson Rice upgraded shares of Dollar General Corporation from an “accumulate” rating to a “buy” rating in a research report on Friday, June 2nd. Bank of America Corporation reiterated a “buy” rating and set a $90.00 price objective on shares of Dollar General Corporation in a research report on Friday, August 25th. Finally, BidaskClub upgraded shares of Dollar General Corporation from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $80.59.

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Dollar General Corporation Company Profile

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.

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

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