Healthcare of Ontario Pension Plan Trust Fund Raises Stock Holdings in Dollar General Co. (NYSE:DG)


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Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Dollar General Co. (NYSE:DG) by 663.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,621 shares of the company’s stock after buying an additional 37,035 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Dollar General were worth $8,963,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Duncker Streett & Co. Inc. increased its position in shares of Dollar General by 2.4% during the fourth quarter. Duncker Streett & Co. Inc. now owns 10,120 shares of the company’s stock worth $2,128,000 after purchasing an additional 240 shares in the last quarter. Dearborn Partners LLC lifted its holdings in Dollar General by 17.0% in the fourth quarter. Dearborn Partners LLC now owns 149,455 shares of the company’s stock valued at $31,431,000 after acquiring an additional 21,710 shares during the last quarter. City Holding Co. increased its position in shares of Dollar General by 4.8% during the 4th quarter. City Holding Co. now owns 19,762 shares of the company’s stock worth $4,156,000 after purchasing an additional 898 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Dollar General by 6.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,160,420 shares of the company’s stock valued at $244,035,000 after acquiring an additional 67,236 shares during the last quarter. Finally, LPL Financial LLC increased its position in shares of Dollar General by 3.1% during the fourth quarter. LPL Financial LLC now owns 95,565 shares of the company’s stock worth $20,097,000 after acquiring an additional 2,848 shares during the period. 90.86% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE DG opened at $205.73 on Thursday. The stock has a market cap of $49.22 billion, a P/E ratio of 20.39, a P/E/G ratio of 1.50 and a beta of 0.52. Dollar General Co. has a twelve month low of $166.12 and a twelve month high of $225.25. The stock has a 50 day moving average of $193.84 and a two-hundred day moving average of $206.41. The company has a current ratio of 1.28, a quick ratio of 0.43 and a debt-to-equity ratio of 0.59.

Dollar General (NYSE:DG) last announced its earnings results on Wednesday, March 17th. The company reported $2.62 EPS for the quarter, missing analysts’ consensus estimates of $2.72 by ($0.10). The business had revenue of $8.41 billion during the quarter, compared to analyst estimates of $8.29 billion. Dollar General had a net margin of 7.84% and a return on equity of 36.07%. The business’s revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.10 earnings per share. As a group, research analysts predict that Dollar General Co. will post 10.65 earnings per share for the current year.

Dollar General announced that its board has approved a stock buyback program on Thursday, March 18th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 4.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 20th. Shareholders of record on Tuesday, April 6th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Monday, April 5th. This is a positive change from Dollar General’s previous quarterly dividend of $0.36. This represents a $1.68 dividend on an annualized basis and a yield of 0.82%. Dollar General’s payout ratio is currently 24.96%.

In other news, CFO John W. Garratt sold 26,127 shares of the stock in a transaction dated Tuesday, March 23rd. The shares were sold at an average price of $199.35, for a total transaction of $5,208,417.45. Following the completion of the sale, the chief financial officer now owns 37,088 shares in the company, valued at $7,393,492.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.72% of the stock is currently owned by corporate insiders.

Several research firms recently commented on DG. KeyCorp lowered their target price on Dollar General from $235.00 to $220.00 and set an “overweight” rating for the company in a research note on Thursday, March 25th. Atlantic Securities raised Dollar General from a “neutral” rating to an “overweight” rating and set a $243.00 price objective for the company in a research report on Monday, March 22nd. Raymond James reduced their target price on shares of Dollar General from $250.00 to $220.00 and set a “strong-buy” rating on the stock in a report on Thursday, March 25th. Zacks Investment Research upgraded shares of Dollar General from a “hold” rating to a “buy” rating and set a $213.00 price target for the company in a report on Monday, February 22nd. Finally, Oppenheimer reduced their price objective on shares of Dollar General from $240.00 to $225.00 and set an “outperform” rating on the stock in a report on Tuesday, March 9th. Three research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $228.83.

Dollar General Profile

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, Midwestern, and eastern United States. The company offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry products; packaged food comprising cereals, canned soups and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.

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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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