Geode Capital Management LLC Purchases 114,898 Shares of Dollar General Corp. (DG)
Geode Capital Management LLC raised its position in Dollar General Corp. (NYSE:DG) by 3.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,045,915 shares of the company’s stock after purchasing an additional 114,898 shares during the period. Geode Capital Management LLC’s holdings in Dollar General were worth $282,757,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DG. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Dollar General by 168.0% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,218,589 shares of the company’s stock valued at $1,314,516,000 after acquiring an additional 10,167,321 shares during the last quarter. Longview Partners Guernsey LTD increased its position in shares of Dollar General by 0.8% in the fourth quarter. Longview Partners Guernsey LTD now owns 11,417,858 shares of the company’s stock valued at $1,061,975,000 after acquiring an additional 96,198 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Dollar General by 2.3% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,888,589 shares of the company’s stock valued at $642,060,000 after acquiring an additional 178,400 shares during the last quarter. Capital International Investors increased its position in shares of Dollar General by 14.0% in the third quarter. Capital International Investors now owns 6,428,000 shares of the company’s stock valued at $520,989,000 after acquiring an additional 791,600 shares during the last quarter. Finally, Polen Capital Management LLC increased its position in shares of Dollar General by 0.8% in the fourth quarter. Polen Capital Management LLC now owns 4,977,513 shares of the company’s stock valued at $462,958,000 after acquiring an additional 41,833 shares during the last quarter. 89.79% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Dollar General Corp. (NYSE:DG) opened at $94.28 on Monday. Dollar General Corp. has a 1-year low of $65.97 and a 1-year high of $105.82. The stock has a market capitalization of $25,603.01, a P/E ratio of 20.50, a PEG ratio of 1.47 and a beta of 1.05. The company has a current ratio of 1.41, a quick ratio of 0.19 and a debt-to-equity ratio of 0.47.
In other news, SVP Anita C. Elliott sold 2,012 shares of Dollar General stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $92.82, for a total value of $186,753.84. Following the completion of the sale, the senior vice president now directly owns 14,969 shares in the company, valued at $1,389,422.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Robert D. Ravener sold 11,368 shares of Dollar General stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $92.81, for a total transaction of $1,055,064.08. Following the completion of the sale, the executive vice president now owns 22,598 shares of the company’s stock, valued at $2,097,320.38. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,916 shares of company stock valued at $1,924,881. Corporate insiders own 0.32% of the company’s stock.
DG has been the topic of a number of recent research reports. Zacks Investment Research downgraded Dollar General from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. KeyCorp reiterated a “hold” rating on shares of Dollar General in a report on Friday, November 10th. Goldman Sachs Group reiterated a “neutral” rating and set a $89.00 price target on shares of Dollar General in a report on Tuesday, November 14th. Deutsche Bank upgraded Dollar General from a “hold” rating to a “buy” rating and lifted their price target for the stock from $79.00 to $93.00 in a report on Wednesday, November 15th. Finally, MKM Partners lifted their price target on Dollar General to $96.00 and gave the stock a “buy” rating in a report on Monday, November 20th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $92.26.
About Dollar General
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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