Today, Cornerstone Investment Partners LLC Reached $1,790,000 position of Dollar General Corp. (DG)

Today, Cornerstone Investment Partners LLC Reached $1,790,000 position  of Dollar General Corp. (DG)

Cornerstone Investment Partners LLC reduced its stake in Dollar General Corp. (NYSE:DG) by 96.6% during the third quarter, Holdings Channel reports. The institutional investor owned 25,579 shares of the company’s stock after selling 737,163 shares during the period. Cornerstone Investment Partners LLC’s holdings in Dollar General Corp. were worth $1,790,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Babson Capital Management LLC increased its stake in Dollar General Corp. by 45.2% in the first quarter. Babson Capital Management LLC now owns 22,500 shares of the company’s stock valued at $1,926,000 after buying an additional 7,000 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in Dollar General Corp. during the first quarter valued at approximately $1,798,000. Avalon Advisors LLC acquired a new stake in Dollar General Corp. during the first quarter valued at approximately $871,000. First Republic Investment Management Inc. increased its stake in Dollar General Corp. by 86.2% in the first quarter. First Republic Investment Management Inc. now owns 68,252 shares of the company’s stock valued at $5,841,000 after buying an additional 31,588 shares during the last quarter. Finally, BlueMountain Capital Management LLC acquired a new stake in Dollar General Corp. during the first quarter valued at approximately $351,000. 82.88% of the stock is owned by hedge funds and other institutional investors.

Dollar General Corp. (NYSE:DG) traded down 1.75% during trading on Monday, hitting $78.66. The stock had a trading volume of 4,354,060 shares. Dollar General Corp. has a one year low of $65.11 and a one year high of $96.88. The firm has a 50 day moving average of $71.74 and a 200-day moving average of $81.86. The company has a market cap of $22.16 billion, a P/E ratio of 18.40 and a beta of 0.80.

DG has been the subject of a number of recent research reports. Vetr downgraded Dollar General Corp. from a “buy” rating to a “hold” rating and set a $80.38 price target for the company. in a research note on Tuesday, November 22nd. Johnson Rice downgraded Dollar General Corp. from a “buy” rating to an “accumulate” rating in a research note on Friday, August 26th. Zacks Investment Research upgraded Dollar General Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, November 22nd. RBC Capital Markets restated an “outperform” rating and set a $90.00 price target (down from $103.00) on shares of Dollar General Corp. in a research note on Friday, August 26th. Finally, Macquarie cut their price target on Dollar General Corp. from $98.00 to $92.00 and set an “outperform” rating for the company in a research note on Thursday, August 25th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $89.36.

In other news, Director Michael M. Calbert bought 13,000 shares of the firm’s stock in a transaction dated Tuesday, August 30th. The shares were acquired at an average price of $75.53 per share, for a total transaction of $981,890.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.22% of the stock is owned by insiders.

About Dollar General Corp.

Dollar General Corporation is a discount retailer. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. The Company’s consumables category includes paper and cleaning products (such as paper towels, bath tissue, and other home cleaning supplies); packaged food (such as cereals, spices, sugar and flour); perishables (such as milk, beer and wine); snacks (such as candy, cookies, and carbonated beverages); health and beauty (such as over-the-counter medicines and personal care products); pet (pet supplies and pet food), and tobacco products.

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