State of Alaska Department of Revenue Trims Holdings in Dollar General Co. (NYSE:DG)

State of Alaska Department of Revenue reduced its holdings in shares of Dollar General Co. (NYSE:DG) by 9.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,080 shares of the company’s stock after selling 4,221 shares during the period. State of Alaska Department of Revenue’s holdings in Dollar General were worth $3,038,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Metis Global Partners LLC boosted its stake in Dollar General by 2.0% in the 3rd quarter. Metis Global Partners LLC now owns 7,042 shares of the company’s stock worth $596,000 after purchasing an additional 135 shares in the last quarter. Empirical Finance LLC raised its holdings in Dollar General by 2.0% in the third quarter. Empirical Finance LLC now owns 7,768 shares of the company’s stock worth $657,000 after buying an additional 153 shares during the last quarter. Bruce G. Allen Investments LLC grew its holdings in shares of Dollar General by 20.3% during the fourth quarter. Bruce G. Allen Investments LLC now owns 953 shares of the company’s stock valued at $72,000 after buying an additional 161 shares during the last quarter. Peoples Bank KS grew its holdings in shares of Dollar General by 19.1% during the fourth quarter. Peoples Bank KS now owns 1,435 shares of the company’s stock valued at $109,000 after buying an additional 230 shares during the last quarter. Finally, NBC Securities Inc. raised its holdings in Dollar General by 13.3% in the 3rd quarter. NBC Securities Inc. now owns 2,058 shares of the company’s stock worth $174,000 after acquiring an additional 241 shares during the last quarter. Institutional investors own 91.77% of the company’s stock.

Dollar General Trading Down 0.1 %

Dollar General stock opened at $72.51 on Monday. Dollar General Co. has a 12-month low of $66.43 and a 12-month high of $168.07. The firm has a market capitalization of $15.95 billion, a price-to-earnings ratio of 11.95, a P/E/G ratio of 2.08 and a beta of 0.43. The firm has a 50 day moving average of $74.31 and a 200 day moving average of $85.86. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78.

Dollar General (NYSE:DG) last released its earnings results on Thursday, December 5th. The company reported $0.89 earnings per share 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 for the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter last year, the firm posted $1.26 EPS. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, research analysts predict that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend was Tuesday, January 7th. Dollar General’s dividend payout ratio (DPR) is presently 38.88%.

Analysts Set New Price Targets

Several analysts have commented on the company. Bank of America upgraded Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 target price on the stock in a research note on Friday, December 6th. Sanford C. Bernstein began coverage on Dollar General in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $98.00 price objective on the stock. Jefferies Financial Group decreased their target price on Dollar General from $110.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Wells Fargo & Company dropped 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. Finally, Barclays decreased their price objective on shares of Dollar General from $102.00 to $100.00 and set an “overweight” rating for the company in a report on Thursday, January 9th. One investment 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. According to data from MarketBeat.com, Dollar General currently has an average rating of “Hold” and a consensus target price of $96.77.

Insider Buying and Selling

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