Royal London Asset Management Ltd. Sells 231,905 Shares of Dollar General Co. (NYSE:DG)

Royal London Asset Management Ltd. reduced its position in Dollar General Co. (NYSE:DG) by 12.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,663,144 shares of the company’s stock after selling 231,905 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Dollar General were worth $140,652,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in DG. Mather Group LLC. raised its holdings in shares of Dollar General by 99.2% in the second quarter. Mather Group LLC. now owns 759 shares of the company’s stock valued at $100,000 after acquiring an additional 378 shares in the last quarter. Kingswood Wealth Advisors LLC raised its holdings in Dollar General by 16.1% in the second quarter. Kingswood Wealth Advisors LLC now owns 4,211 shares of the company’s stock worth $557,000 after purchasing an additional 585 shares in the last quarter. Valeo Financial Advisors LLC raised its holdings in Dollar General by 3.4% in the second quarter. Valeo Financial Advisors LLC now owns 4,661 shares of the company’s stock worth $616,000 after purchasing an additional 152 shares in the last quarter. Jamison Private Wealth Management Inc. raised its holdings in Dollar General by 269.0% in the second quarter. Jamison Private Wealth Management Inc. now owns 620 shares of the company’s stock worth $82,000 after purchasing an additional 452 shares in the last quarter. Finally, Kwmg LLC raised its holdings in Dollar General by 6.3% in the second quarter. Kwmg LLC now owns 36,914 shares of the company’s stock worth $4,881,000 after purchasing an additional 2,199 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors.

Insider Transactions at Dollar General

In other Dollar General news, Director Warren F. Bryant bought 1,000 shares of Dollar General stock in a transaction dated 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 purchase, the director now directly owns 42,030 shares in the company, valued at $3,397,284.90. This represents a 2.44 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Steven R. Deckard sold 2,010 shares of the stock in a transaction on 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 directly owns 2,887 shares of the company’s stock, valued at approximately $250,187.42. This represents a 41.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

Dollar General Trading Up 0.7 %

Shares of DG stock opened at $79.61 on Thursday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 0.24. The company has a market cap of $17.51 billion, a price-to-earnings ratio of 12.36, a PEG ratio of 2.28 and a beta of 0.44. The stock has a 50 day simple moving average of $79.78 and a 200-day simple moving average of $104.43. Dollar General Co. has a 1-year low of $72.12 and a 1-year high of $168.07.

Wall Street Analysts Forecast Growth

DG has been the subject of a number of recent research reports. JPMorgan Chase & Co. reduced their target price on shares of Dollar General from $97.00 to $82.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Telsey Advisory Group cut their price objective on shares of Dollar General from $103.00 to $90.00 and set a “market perform” rating on the stock in a report on Monday. UBS Group cut their price objective on shares of Dollar General from $155.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Sanford C. Bernstein began coverage on shares of Dollar General in a report on Tuesday, October 22nd. They set an “outperform” rating and a $98.00 price objective on the stock. Finally, Raymond James cut their price objective on shares of Dollar General from $150.00 to $120.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Dollar General has a consensus rating of “Hold” and a consensus price target of $103.32.

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.