California Public Employees Retirement System Sells 1,031,986 Shares of Dollar General Co. (NYSE:DG)

California Public Employees Retirement System decreased its stake in shares of Dollar General Co. (NYSE:DG) by 76.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 318,320 shares of the company’s stock after selling 1,031,986 shares during the period. California Public Employees Retirement System owned 0.15% of Dollar General worth $43,276,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Significant Wealth Partners LLC bought a new stake in Dollar General in the 4th quarter valued at about $742,000. Capital Investment Advisory Services LLC bought a new stake in shares of Dollar General during the 4th quarter worth approximately $419,000. OLD National Bancorp IN lifted its holdings in shares of Dollar General by 8.7% during the 4th quarter. OLD National Bancorp IN now owns 5,204 shares of the company’s stock worth $707,000 after acquiring an additional 415 shares during the period. Cetera Trust Company N.A bought a new stake in shares of Dollar General during the 4th quarter worth approximately $678,000. Finally, Criterion Capital Advisors LLC bought a new stake in shares of Dollar General during the 4th quarter worth approximately $1,249,000. Institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DG. JPMorgan Chase & Co. upped their price target on shares of Dollar General from $158.00 to $161.00 and gave the stock a “neutral” rating in a report on Monday, April 15th. Morgan Stanley upped their price objective on shares of Dollar General from $160.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. Oppenheimer reiterated a “market perform” rating on shares of Dollar General in a research report on Wednesday, March 6th. Argus upped their price objective on shares of Dollar General from $160.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Finally, The Goldman Sachs Group upped their price objective on shares of Dollar General from $147.00 to $169.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. Fifteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $153.08.

Dollar General Stock Down 0.4 %

Shares of NYSE DG opened at $142.07 on Friday. The firm has a market cap of $31.21 billion, a PE ratio of 18.79, a P/E/G ratio of 2.56 and a beta of 0.42. Dollar General Co. has a 12-month low of $101.09 and a 12-month high of $222.99. The company’s fifty day simple moving average is $150.37 and its 200 day simple moving average is $135.46. The company has a quick ratio of 0.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.92.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, March 14th. The company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.09. The business had revenue of $9.86 billion for the quarter, compared to analyst estimates of $9.77 billion. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. Dollar General’s revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.96 earnings per share. As a group, sell-side analysts forecast that Dollar General Co. will post 7.28 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 1.66%. The ex-dividend date was Monday, April 8th. Dollar General’s dividend payout ratio is presently 31.22%.

Insider Buying and Selling at Dollar General

In other Dollar General news, EVP Carman R. Wenkoff sold 5,909 shares of the firm’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $162.23, for a total value of $958,617.07. Following the transaction, the executive vice president now directly owns 28,579 shares of the company’s stock, valued at $4,636,371.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Dollar General news, EVP Carman R. Wenkoff sold 5,909 shares of the firm’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $162.23, for a total value of $958,617.07. Following the transaction, the executive vice president now directly owns 28,579 shares of the company’s stock, valued at $4,636,371.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ralph Santana sold 3,009 shares of the firm’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $155.72, for a total transaction of $468,561.48. Following the completion of the transaction, the director now directly owns 3,248 shares in the company, valued at $505,778.56. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Dollar General Company 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.