Castleview Partners LLC Increases Holdings in Dollar General Co. (NYSE:DG)

Castleview Partners LLC raised its stake in Dollar General Co. (NYSE:DG) by 54.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,282 shares of the company’s stock after purchasing an additional 800 shares during the quarter. Castleview Partners LLC’s holdings in Dollar General were worth $193,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Capital International Investors grew its holdings in Dollar General by 11.3% during the 1st quarter. Capital International Investors now owns 20,790,023 shares of the company’s stock valued at $3,244,491,000 after purchasing an additional 2,113,485 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Dollar General by 11.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,217,480 shares of the company’s stock valued at $3,155,141,000 after acquiring an additional 2,031,593 shares in the last quarter. Pzena Investment Management LLC purchased a new stake in shares of Dollar General during the first quarter worth about $301,738,000. Point72 Asset Management L.P. lifted its stake in shares of Dollar General by 148.6% in the second quarter. Point72 Asset Management L.P. now owns 1,280,020 shares of the company’s stock worth $169,257,000 after acquiring an additional 765,206 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in Dollar General by 319.6% in the second quarter. The Manufacturers Life Insurance Company now owns 925,083 shares of the company’s stock valued at $122,324,000 after purchasing an additional 704,639 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Trading Up 0.7 %

NYSE:DG opened at $81.14 on Tuesday. Dollar General Co. has a 1 year low of $77.96 and a 1 year high of $168.07. The business has a fifty day moving average of $92.65 and a 200-day moving average of $119.00. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 1.22. The stock has a market cap of $17.84 billion, a price-to-earnings ratio of 11.81, a PEG ratio of 2.42 and a beta of 0.44.

Dollar General (NYSE:DG) last released its earnings results on Thursday, August 29th. The company reported $1.70 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.09). The company had revenue of $10.21 billion for the quarter, compared to analyst estimates of $10.37 billion. Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the business posted $2.13 EPS. Equities analysts predict that Dollar General Co. will post 5.86 earnings per share for the current year.

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Tuesday, October 8th. Dollar General’s dividend payout ratio (DPR) is presently 34.35%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DG. Raymond James cut their target price on Dollar General from $150.00 to $120.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Telsey Advisory Group downgraded shares of Dollar General from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $168.00 to $103.00 in a research note on Friday, August 30th. UBS Group dropped their target price on shares of Dollar General from $155.00 to $108.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Bank of America reduced their price target on shares of Dollar General from $118.00 to $95.00 and set an “underperform” rating on the stock in a research report on Friday, August 30th. Finally, Wells Fargo & Company lowered their price objective on Dollar General from $145.00 to $130.00 and set an “equal weight” rating for the company in a report on Tuesday, August 27th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $108.11.

Insider Activity

In other news, Director Warren F. Bryant bought 500 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were purchased at an average cost of $80.40 per share, with a total value of $40,200.00. Following the completion of the acquisition, the director now directly owns 41,030 shares in the company, valued at approximately $3,298,812. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Dollar General news, Director Warren F. Bryant bought 500 shares of Dollar General stock in a transaction that occurred on Thursday, September 5th. The stock was purchased at an average cost of $80.40 per share, for a total transaction of $40,200.00. Following the completion of the acquisition, the director now owns 41,030 shares of the company’s stock, valued at approximately $3,298,812. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Warren F. Bryant purchased 1,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was bought at an average cost of $80.83 per share, for a total transaction of $80,830.00. Following the acquisition, the director now directly owns 42,030 shares of the company’s stock, valued at $3,397,284.90. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.49% of the company’s stock.

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.