California Public Employees Retirement System Has $43.28 Million Stock Holdings in Dollar General Co. (NYSE:DG)

California Public Employees Retirement System trimmed its holdings in shares of Dollar General Co. (NYSE:DG - Free Report) by 76.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 318,320 shares of the company's stock after selling 1,031,986 shares during the period. California Public Employees Retirement System owned approximately 0.15% of Dollar General worth $43,276,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Dollar General by 18.9% during the third quarter. Vanguard Group Inc. now owns 21,711,407 shares of the company's stock worth $2,297,067,000 after acquiring an additional 3,457,393 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Dollar General by 98.1% during the third quarter. The Manufacturers Life Insurance Company now owns 2,106,653 shares of the company's stock worth $222,884,000 after acquiring an additional 1,043,141 shares during the period. Baupost Group LLC MA grew its holdings in Dollar General by 283.1% during the third quarter. Baupost Group LLC MA now owns 927,000 shares of the company's stock worth $98,077,000 after acquiring an additional 685,000 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Dollar General by 78.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,426,318 shares of the company's stock valued at $150,904,000 after purchasing an additional 627,844 shares during the period. Finally, Equity Investment Corp boosted its position in shares of Dollar General by 744.8% in the 3rd quarter. Equity Investment Corp now owns 638,695 shares of the company's stock valued at $67,574,000 after purchasing an additional 563,095 shares during the period. 91.77% of the stock is owned by institutional investors and hedge funds.

Dollar General Stock Performance

Shares of DG stock traded down $0.58 during trading on Friday, reaching $142.07. The company had a trading volume of 1,378,667 shares, compared to its average volume of 1,915,899. The firm's 50 day simple moving average is $150.37 and its two-hundred day simple moving average is $135.67. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.19 and a quick ratio of 0.15. Dollar General Co. has a one year low of $101.09 and a one year high of $222.99. The company has a market capitalization of $31.21 billion, a PE ratio of 18.79, a PEG ratio of 2.55 and a beta of 0.42.

Dollar General (NYSE:DG - Get Free Report) last issued its quarterly earnings results on Thursday, March 14th. The company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.74 by $0.09. The company had revenue of $9.86 billion for the quarter, compared to the consensus estimate of $9.77 billion. Dollar General had a return on equity of 26.13% and a net margin of 4.29%. The company's revenue for the quarter was down 3.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.96 EPS. Sell-side analysts forecast that Dollar General Co. will post 7.28 earnings per share for the current year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 1.66%. The ex-dividend date was Monday, April 8th. Dollar General's dividend payout ratio is currently 31.22%.

Analyst Ratings Changes

DG has been the subject of a number of recent analyst reports. Wells Fargo & Company increased their price target on Dollar General from $125.00 to $155.00 and gave the company an "equal weight" rating in a research report on Friday, March 15th. StockNews.com upgraded Dollar General from a "sell" rating to a "hold" rating in a research report on Wednesday, February 14th. Piper Sandler restated a "neutral" rating and set a $147.00 price objective (up from $127.00) on shares of Dollar General in a research report on Friday, March 15th. Evercore ISI decreased their price objective on Dollar General from $162.00 to $160.00 and set an "in-line" rating for the company in a research report on Tuesday, April 2nd. Finally, Raymond James raised their price objective on Dollar General from $150.00 to $165.00 and gave the stock an "outperform" rating in a research report on Friday, March 15th. Fifteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $153.08.

Insiders Place Their Bets

In other Dollar General news, EVP Carman R. Wenkoff sold 5,909 shares of Dollar General stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total value of $958,617.07. Following the transaction, the executive vice president now directly owns 28,579 shares of the company's stock, valued at approximately $4,636,371.17. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP Carman R. Wenkoff sold 5,909 shares of Dollar General stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total transaction of $958,617.07. Following the sale, the executive vice president now owns 28,579 shares of the company's stock, valued at approximately $4,636,371.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ralph Santana sold 3,009 shares of Dollar General stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $155.72, for a total value of $468,561.48. Following the sale, the director now directly owns 3,248 shares in the company, valued at approximately $505,778.56. The disclosure for this sale can be found here. Company insiders own 0.49% of the company's stock.

Dollar General Company 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.