Securian Asset Management Inc. Sells 338 Shares of Dollar General Co. (NYSE:DG)

Securian Asset Management Inc. reduced its stake in Dollar General Co. (NYSE:DG) by 2.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,729 shares of the company’s stock after selling 338 shares during the period. Securian Asset Management Inc.’s holdings in Dollar General were worth $889,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in shares of Dollar General in the 4th quarter valued at approximately $57,000. Eagle Rock Investment Company LLC grew its position in Dollar General by 16.3% during the 4th quarter. Eagle Rock Investment Company LLC now owns 28,827 shares of the company’s stock worth $2,186,000 after acquiring an additional 4,048 shares during the last quarter. Leibman Financial Services Inc. bought a new stake in Dollar General during the 4th quarter worth approximately $2,018,000. Victory Capital Management Inc. grew its position in Dollar General by 62.9% during the 3rd quarter. Victory Capital Management Inc. now owns 166,574 shares of the company’s stock worth $14,087,000 after acquiring an additional 64,336 shares during the last quarter. Finally, DAVENPORT & Co LLC grew its position in Dollar General by 5,624.9% during the 4th quarter. DAVENPORT & Co LLC now owns 321,623 shares of the company’s stock worth $24,385,000 after acquiring an additional 316,005 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. BMO Capital Markets increased their price target on Dollar General from $80.00 to $84.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. The Goldman Sachs Group decreased their price target on Dollar General from $104.00 to $93.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Wells Fargo & Company reduced their price objective on Dollar General from $90.00 to $80.00 and set an “equal weight” rating on the stock in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $80.00 price objective (down previously from $90.00) on shares of Dollar General in a report on Monday, March 3rd. Finally, Gordon Haskett downgraded Dollar General from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $92.26.

Dollar General Stock Performance

Shares of Dollar General stock opened at $79.15 on Friday. The company has a market capitalization of $17.41 billion, a PE ratio of 13.04, a PEG ratio of 2.18 and a beta of 0.44. Dollar General Co. has a 12 month low of $66.43 and a 12 month high of $164.12. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. The stock’s fifty day simple moving average is $73.69 and its 200 day simple moving average is $78.06.

Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, March 13th. The company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.51 by $0.17. The business had revenue of $10.30 billion for the quarter, compared to the consensus estimate of $10.26 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The firm’s revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.83 EPS. On average, research analysts predict that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date is Tuesday, April 8th. Dollar General’s dividend payout ratio (DPR) is presently 46.18%.

Insiders Place Their Bets

In other Dollar General news, Director Michael M. Calbert sold 6,000 shares of the stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total transaction of $451,620.00. Following the completion of the transaction, the director now owns 120,322 shares in the company, valued at approximately $9,056,636.94. This represents a 4.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate 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.