Bank of Montreal Can Has $38.94 Million Stake in Dollar General Co. (NYSE:DG)

Bank of Montreal Can increased its position in Dollar General Co. (NYSE:DG) by 45.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 445,957 shares of the company’s stock after purchasing an additional 139,117 shares during the period. Bank of Montreal Can owned about 0.20% of Dollar General worth $38,941,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pullen Investment Management LLC grew its holdings in shares of Dollar General by 4.3% during the 2nd quarter. Pullen Investment Management LLC now owns 2,105 shares of the company’s stock valued at $278,000 after acquiring an additional 87 shares in the last quarter. Pathway Financial Advisers LLC grew its holdings in shares of Dollar General by 30.6% during the 2nd quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock valued at $50,000 after acquiring an additional 88 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. grew its holdings in shares of Dollar General by 3.8% during the 2nd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 2,835 shares of the company’s stock valued at $375,000 after acquiring an additional 103 shares in the last quarter. Wedbush Securities Inc. grew its holdings in shares of Dollar General by 7.3% during the 2nd quarter. Wedbush Securities Inc. now owns 1,661 shares of the company’s stock valued at $220,000 after acquiring an additional 113 shares in the last quarter. Finally, Lummis Asset Management LP grew its holdings in shares of Dollar General by 1.2% during the 2nd quarter. Lummis Asset Management LP now owns 9,419 shares of the company’s stock valued at $1,245,000 after acquiring an additional 115 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Stock Up 2.2 %

Shares of DG opened at $76.26 on Friday. The company has a 50-day simple moving average of $80.33 and a 200-day simple moving average of $106.44. The firm has a market capitalization of $16.77 billion, a P/E ratio of 11.84, a P/E/G ratio of 2.24 and a beta of 0.45. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 1.22. Dollar General Co. has a 52 week low of $72.12 and a 52 week high of $168.07.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, August 29th. The company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). The company had revenue of $10.21 billion for the quarter, compared to analyst estimates of $10.37 billion. Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.13 EPS. On average, equities research analysts expect that Dollar General Co. will post 5.85 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Wells Fargo & Company lowered their price target on shares of Dollar General from $145.00 to $130.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 27th. Sanford C. Bernstein assumed coverage on shares of Dollar General in a report on Tuesday, October 22nd. They set an “outperform” rating and a $98.00 price target on the stock. Evercore ISI decreased their price objective on shares of Dollar General from $101.00 to $97.00 and set a “hold” rating for the company in a report on Friday, November 15th. UBS Group decreased their price objective on shares of Dollar General from $155.00 to $108.00 and set a “buy” rating for the company in a report on Friday, August 30th. Finally, Gordon Haskett upgraded shares of Dollar General from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Dollar General currently has an average rating of “Hold” and a consensus price target of $104.00.

Insider Activity

In related news, EVP Steven R. Deckard sold 2,010 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total value of $174,186.60. Following the completion of the transaction, the executive vice president now owns 2,887 shares of the company’s stock, valued at $250,187.42. This represents a 41.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Warren F. Bryant purchased 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was acquired at an average cost of $80.83 per share, with a total value of $80,830.00. Following the transaction, the director now directly owns 42,030 shares of the company’s stock, valued at approximately $3,397,284.90. This represents a 2.44 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.49% of the stock is owned by company 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.