Dollar General Co. (NYSE:DG) Stock Holdings Trimmed by California State Teachers Retirement System

California State Teachers Retirement System trimmed its stake in Dollar General Co. (NYSE:DG - Free Report) by 19.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 281,385 shares of the company's stock after selling 69,336 shares during the period. California State Teachers Retirement System owned about 0.13% of Dollar General worth $21,335,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Studio Investment Management LLC raised its position in shares of Dollar General by 16.4% during the 4th quarter. Studio Investment Management LLC now owns 989 shares of the company's stock valued at $75,000 after buying an additional 139 shares during the period. Deseret Mutual Benefit Administrators raised its stake in Dollar General by 8.7% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,884 shares of the company's stock valued at $143,000 after buying an additional 150 shares in the last quarter. Federated Hermes Inc. raised its stake in Dollar General by 9.8% during the 4th quarter. Federated Hermes Inc. now owns 2,159 shares of the company's stock worth $164,000 after acquiring an additional 192 shares in the last quarter. Colonial Trust Co SC increased its holdings in shares of Dollar General by 13.9% in the 4th quarter. Colonial Trust Co SC now owns 1,633 shares of the company's stock valued at $124,000 after acquiring an additional 199 shares during the period. Finally, Metis Global Partners LLC increased its position in Dollar General by 3.6% during the 4th quarter. Metis Global Partners LLC now owns 7,297 shares of the company's stock worth $553,000 after purchasing an additional 255 shares during the period. 91.77% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Emily C. Taylor sold 809 shares of the business's stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $94.72, for a total transaction of $76,628.48. Following the completion of the sale, the executive vice president now owns 48,532 shares in the company, valued at approximately $4,596,951.04. The trade was a 1.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.56% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on DG. Citigroup raised shares of Dollar General from a "sell" rating to a "neutral" rating and raised their price target for the stock from $69.00 to $101.00 in a research note on Monday, April 7th. The Goldman Sachs Group increased their price objective on shares of Dollar General from $85.00 to $96.00 and gave the stock a "buy" rating in a research note on Monday, May 19th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $80.00 price target (down from $90.00) on shares of Dollar General in a report on Monday, March 3rd. Sanford C. Bernstein set a $120.00 target price on Dollar General in a report on Friday, May 23rd. Finally, Telsey Advisory Group lifted their target price on Dollar General from $85.00 to $100.00 and gave the stock a "market perform" rating in a report on Tuesday, May 27th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $98.96.

Dollar General Price Performance

DG stock traded up $12.29 during trading on Tuesday, reaching $109.46. The company's stock had a trading volume of 7,690,175 shares, compared to its average volume of 4,020,844. 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 1 year low of $66.43 and a 1 year high of $141.24. The company's fifty day moving average is $92.83 and its 200-day moving average is $81.60. The company has a market capitalization of $24.08 billion, a P/E ratio of 18.03, a price-to-earnings-growth ratio of 2.18 and a beta of 0.26.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The company reported $1.78 earnings per share for the quarter, topping analysts' consensus estimates of $1.46 by $0.32. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The company had revenue of $10.44 billion during the quarter, compared to analyst estimates of $10.25 billion. During the same period in the prior year, the firm earned $1.65 earnings per share. The firm's revenue for the quarter was up 5.3% compared to the same quarter last year. On average, research analysts expect that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.16%. Dollar General's payout ratio is 46.18%.

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.