504 Shares in Dollar General Co. (NYSE:DG) Purchased by OFI Invest Asset Management

OFI Invest Asset Management acquired a new position in Dollar General Co. (NYSE:DG) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 504 shares of the company’s stock, valued at approximately $37,000.

Several other hedge funds have also recently bought and sold shares of DG. Wilmington Savings Fund Society FSB acquired a new position in Dollar General in the 3rd quarter worth about $33,000. Providence First Trust Co acquired a new position in Dollar General in the 4th quarter worth about $33,000. Bogart Wealth LLC increased its position in Dollar General by 279.8% in the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock worth $37,000 after purchasing an additional 361 shares during the last quarter. Venturi Wealth Management LLC increased its position in Dollar General by 126.4% in the 4th quarter. Venturi Wealth Management LLC now owns 498 shares of the company’s stock worth $38,000 after purchasing an additional 278 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new position in Dollar General in the 4th quarter worth about $39,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

Dollar General Stock Performance

DG opened at $82.99 on Tuesday. The firm has a market capitalization of $18.25 billion, a P/E ratio of 13.67, a price-to-earnings-growth ratio of 2.18 and a beta of 0.44. The stock’s 50 day moving average price is $73.48 and its two-hundred day moving average price is $79.03. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. Dollar General Co. has a 12-month low of $66.43 and a 12-month high of $168.07.

Analyst Ratings Changes

Several brokerages have weighed in on DG. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $80.00 target price (down from $90.00) on shares of Dollar General in a research report on Monday, March 3rd. Morgan Stanley dropped their target price on Dollar General from $100.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Evercore ISI dropped their target price on Dollar General from $97.00 to $95.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 3rd. Citigroup lowered their price objective on Dollar General from $73.00 to $69.00 and set a “sell” rating on the stock in a report on Friday. Finally, Bank of America raised Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 price objective on the stock in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $95.09.

Insiders Place Their Bets

In other Dollar General news, Director Michael M. Calbert sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total value of $451,620.00. Following the completion of the sale, the director now owns 120,322 shares in the company, valued at approximately $9,056,636.94. This trade represents a 4.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Emily C. Taylor sold 4,740 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was 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 $1,206,128. This trade represents a 23.33 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

About Dollar General

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.