Midwest Financial Group LLC Sells 1,429 Shares of Dollar General Co. (NYSE:DG)

Midwest Financial Group LLC trimmed its position in Dollar General Co. (NYSE:DG) by 24.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,350 shares of the company’s stock after selling 1,429 shares during the period. Midwest Financial Group LLC’s holdings in Dollar General were worth $330,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Pzena Investment Management LLC grew its position in Dollar General by 453.4% during the 3rd quarter. Pzena Investment Management LLC now owns 10,238,886 shares of the company’s stock worth $865,903,000 after purchasing an additional 8,388,735 shares during the last quarter. Baupost Group LLC MA acquired a new stake in shares of Dollar General during the third quarter worth $194,832,000. State Street Corp grew its holdings in shares of Dollar General by 8.3% during the third quarter. State Street Corp now owns 9,958,704 shares of the company’s stock valued at $842,208,000 after buying an additional 759,869 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Dollar General by 319.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 925,083 shares of the company’s stock valued at $122,324,000 after acquiring an additional 704,639 shares during the period. Finally, Worldquant Millennium Advisors LLC purchased a new position in Dollar General in the 3rd quarter worth $32,932,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

Dollar General Stock Performance

Shares of Dollar General stock opened at $71.39 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The business’s 50 day moving average price is $75.19 and its 200 day moving average price is $90.41. The company has a market cap of $15.70 billion, a price-to-earnings ratio of 11.74, a PEG ratio of 2.11 and a beta of 0.44. Dollar General Co. has a one year low of $66.43 and a one year high of $168.07.

Dollar General (NYSE:DG) last announced 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 net margin of 3.33% and a return on equity of 18.85%. The firm had revenue of $10.18 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same period in the prior year, the company posted $1.26 EPS. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, research analysts predict that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date was Tuesday, January 7th. Dollar General’s dividend payout ratio is presently 38.88%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Jefferies Financial Group dropped their price target on Dollar General from $110.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Wells Fargo & Company cut their price target on shares of Dollar General from $90.00 to $80.00 and set an “equal weight” rating on the stock in a report on Thursday, December 5th. Citigroup cut shares of Dollar General from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $91.00 to $73.00 in a research note on Friday, September 27th. BMO Capital Markets increased their price objective on shares of Dollar General from $80.00 to $84.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. Finally, Morgan Stanley lowered their price target on shares of Dollar General from $100.00 to $80.00 and set an “equal weight” rating on the stock in a report on Tuesday. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Dollar General has a consensus rating of “Hold” and an average price target of $96.77.

Insider Buying and Selling

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

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.