Korea Investment CORP Cuts Stock Position in Dollar General Co. (NYSE:DG)

Korea Investment CORP cut its position in shares of Dollar General Co. (NYSE:DG) by 15.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 110,356 shares of the company’s stock after selling 19,955 shares during the quarter. Korea Investment CORP owned approximately 0.05% of Dollar General worth $8,367,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of DG. SBI Securities Co. Ltd. bought a new position in Dollar General during the fourth quarter valued at approximately $57,000. Eagle Rock Investment Company LLC grew its holdings in shares of Dollar General by 16.3% during the 4th quarter. Eagle Rock Investment Company LLC now owns 28,827 shares of the company’s stock valued at $2,186,000 after purchasing an additional 4,048 shares during the last quarter. Leibman Financial Services Inc. purchased a new position in Dollar General in the 4th quarter worth $2,018,000. DAVENPORT & Co LLC lifted its stake in Dollar General by 5,624.9% in the fourth quarter. DAVENPORT & Co LLC now owns 321,623 shares of the company’s stock worth $24,385,000 after purchasing an additional 316,005 shares during the last quarter. Finally, Matrix Asset Advisors Inc. NY bought a new position in shares of Dollar General during the fourth quarter valued at about $6,158,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on DG shares. Bank of America lowered their target price on Dollar General from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, March 14th. Citigroup dropped their price objective on Dollar General from $73.00 to $69.00 and set a “sell” rating for the company in a research note on Friday, March 7th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $85.00 target price on shares of Dollar General in a research note on Thursday, March 13th. BMO Capital Markets increased their price target on shares of Dollar General from $80.00 to $84.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. Finally, UBS Group decreased their price objective on shares of Dollar General from $108.00 to $95.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $92.26.

Dollar General Trading Up 2.3 %

NYSE:DG opened at $88.05 on Tuesday. Dollar General Co. has a one year low of $66.43 and a one year high of $164.12. The company’s 50-day simple moving average is $76.51 and its 200 day simple moving average is $77.86. The firm has a market capitalization of $19.37 billion, a P/E ratio of 14.51, a PEG ratio of 2.18 and a beta of 0.44. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, March 13th. The company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.17. The company 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 quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.83 EPS. As a group, analysts forecast that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend is Tuesday, April 8th. Dollar General’s dividend payout ratio is presently 46.18%.

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.