Kemnay Advisory Services Inc. cut its position in shares of Dollar General Corp. (NYSE:DG) by 7.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,946 shares of the company’s stock after selling 956 shares during the quarter. Kemnay Advisory Services Inc.’s holdings in Dollar General were worth $1,306,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SRS Capital Advisors Inc. acquired a new stake in shares of Dollar General during the third quarter worth $107,000. HighPoint Advisor Group LLC acquired a new stake in shares of Dollar General during the third quarter worth $173,000. Financial Counselors Inc. acquired a new stake in shares of Dollar General during the third quarter worth $201,000. Synovus Financial Corp increased its position in shares of Dollar General by 73.2% during the third quarter. Synovus Financial Corp now owns 1,826 shares of the company’s stock worth $201,000 after buying an additional 772 shares during the period. Finally, Gratus Capital LLC acquired a new stake in shares of Dollar General during the third quarter worth $202,000. Institutional investors own 94.23% of the company’s stock.

DG has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Dollar General from a “hold” rating to a “buy” rating and set a $118.00 price objective for the company in a research report on Thursday, October 4th. Wells Fargo & Co raised their price target on shares of Dollar General from $113.00 to $118.00 and gave the stock an “outperform” rating in a report on Wednesday, August 29th. Morgan Stanley raised their price target on shares of Dollar General from $116.00 to $118.00 and gave the stock an “overweight” rating in a report on Friday, August 31st. UBS Group restated a “buy” rating and issued a $120.00 price target (up from $110.00) on shares of Dollar General in a report on Monday, October 15th. Finally, Buckingham Research raised their price target on shares of Dollar General from $95.00 to $107.00 and gave the stock a “neutral” rating in a report on Monday, August 27th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $107.26.

In other news, EVP Robert D. Ravener sold 22,440 shares of Dollar General stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $111.49, for a total transaction of $2,501,835.60. Following the completion of the transaction, the executive vice president now directly owns 50,747 shares in the company, valued at $5,657,783.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.41% of the stock is owned by company insiders.

Shares of NYSE DG opened at $104.10 on Thursday. The stock has a market cap of $27.64 billion, a PE ratio of 23.18, a price-to-earnings-growth ratio of 1.27 and a beta of 0.84. Dollar General Corp. has a 1 year low of $85.54 and a 1 year high of $118.45. The company has a quick ratio of 0.21, a current ratio of 1.55 and a debt-to-equity ratio of 0.46.

Dollar General (NYSE:DG) last issued its quarterly earnings data on Tuesday, December 4th. The company reported $1.26 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.26. The firm had revenue of $6.42 billion during the quarter, compared to analysts’ expectations of $6.38 billion. Dollar General had a net margin of 7.24% and a return on equity of 24.03%. The business’s revenue was up 8.7% on a year-over-year basis. During the same period last year, the company earned $0.93 earnings per share. As a group, research analysts anticipate that Dollar General Corp. will post 6.01 EPS for the current fiscal year.

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Dollar General Company Profile

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, Midwestern, and eastern United States. The company offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food comprising cereals, canned soups and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.

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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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