Ceredex Value Advisors LLC Acquires Shares of 201,550 Dollar General Corporation $DG

Ceredex Value Advisors LLC acquired a new stake in shares of Dollar General Corporation (NYSE:DGFree Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 201,550 shares of the company’s stock, valued at approximately $20,830,000. Ceredex Value Advisors LLC owned about 0.09% of Dollar General at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Bryn Mawr Trust Advisors LLC purchased a new position in shares of Dollar General during the third quarter valued at approximately $8,803,000. Arista Wealth Management LLC purchased a new stake in Dollar General in the third quarter worth $351,000. Allianz Asset Management GmbH boosted its holdings in Dollar General by 16.3% in the third quarter. Allianz Asset Management GmbH now owns 805,645 shares of the company’s stock valued at $83,263,000 after acquiring an additional 112,862 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Dollar General by 1.5% in the second quarter. Vanguard Group Inc. now owns 26,817,649 shares of the company’s stock valued at $3,067,403,000 after acquiring an additional 384,447 shares in the last quarter. Finally, Westpac Banking Corp increased its position in Dollar General by 765.2% during the 3rd quarter. Westpac Banking Corp now owns 9,197 shares of the company’s stock valued at $951,000 after purchasing an additional 8,134 shares during the period. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Dollar General Stock Down 0.7%

Shares of Dollar General stock opened at $145.24 on Tuesday. Dollar General Corporation has a 1 year low of $74.67 and a 1 year high of $158.23. The firm has a market cap of $31.97 billion, a price-to-earnings ratio of 25.08, a PEG ratio of 2.41 and a beta of 0.23. The company has a 50-day moving average of $147.30 and a 200 day moving average of $123.01. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.24.

Dollar General News Summary

Here are the key news stories impacting Dollar General this week:

Insiders Place Their Bets

In other Dollar General news, EVP Carman R. Wenkoff sold 19,166 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $132.01, for a total transaction of $2,530,103.66. Following the completion of the transaction, the executive vice president owned 43,179 shares of the company’s stock, valued at approximately $5,700,059.79. This trade represents a 30.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Rhonda Taylor sold 7,500 shares of Dollar General stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $134.89, for a total transaction of $1,011,675.00. Following the transaction, the executive vice president owned 73,492 shares of the company’s stock, valued at $9,913,335.88. The trade was a 9.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 58,673 shares of company stock valued at $7,713,389. Insiders own 0.56% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on DG. Morgan Stanley raised their target price on shares of Dollar General from $135.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 15th. Wall Street Zen upgraded shares of Dollar General from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. BNP Paribas Exane increased their price target on shares of Dollar General from $118.00 to $127.00 and gave the stock a “neutral” rating in a research note on Friday, December 5th. Sanford C. Bernstein raised their price objective on shares of Dollar General from $141.00 to $150.00 and gave the stock an “outperform” rating in a report on Monday, January 5th. Finally, Wells Fargo & Company upped their target price on Dollar General from $115.00 to $125.00 and gave the stock an “equal weight” rating in a report on Friday, December 19th. Fourteen equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $146.15.

Get Our Latest Stock Report on DG

About Dollar General

(Free Report)

Dollar General Corporation is a U.S.-based variety and discount retailer operating a large network of small-format stores that serve primarily rural and suburban communities. The company is publicly traded on the New York Stock Exchange under the ticker DG and is headquartered in the Nashville/Goodlettsville, Tennessee area. Founded in 1939, Dollar General has grown from a regional operation into one of the nation’s prominent low-price retailers focused on convenience and value.

Dollar General’s stores offer a wide assortment of everyday consumables and household goods, including food and beverage items, cleaning supplies, health and beauty products, paper goods, apparel basics, seasonal merchandise and small household items.

See Also

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

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